Alps Advisors Inc. decreased its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 39.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 6,322 shares of the credit services provider’s stock after selling 4,100 shares during the period. Alps Advisors Inc.’s holdings in Paypal were worth $656,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PYPL. Truehand Inc purchased a new position in shares of Paypal in the 4th quarter worth approximately $25,000. Bruderman Asset Management LLC purchased a new position in shares of Paypal in the 4th quarter worth approximately $27,000. Karp Capital Management Corp purchased a new position in shares of Paypal in the 4th quarter worth approximately $37,000. Virtus ETF Advisers LLC grew its position in shares of Paypal by 33.7% in the 4th quarter. Virtus ETF Advisers LLC now owns 448 shares of the credit services provider’s stock worth $38,000 after buying an additional 113 shares during the last quarter. Finally, Liberty Wealth Management LLC purchased a new position in shares of Paypal in the 4th quarter worth approximately $39,000. 81.68% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ PYPL opened at $112.15 on Tuesday. Paypal Holdings Inc has a 12 month low of $74.66 and a 12 month high of $114.66. The company has a market cap of $132.53 billion, a price-to-earnings ratio of 62.65, a price-to-earnings-growth ratio of 2.81 and a beta of 1.05.

Paypal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, April 24th. The credit services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.47 by $0.11. Paypal had a net margin of 13.92% and a return on equity of 15.50%. The business had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.13 billion. During the same period in the previous year, the business posted $0.57 EPS. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. Equities research analysts predict that Paypal Holdings Inc will post 2.24 earnings per share for the current year.

In other Paypal news, EVP Aaron Karczmer sold 6,813 shares of Paypal stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $98.25, for a total transaction of $669,377.25. Following the completion of the sale, the executive vice president now directly owns 57,859 shares in the company, valued at approximately $5,684,646.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $96.09, for a total transaction of $2,882,700.00. Following the sale, the insider now owns 532,140 shares of the company’s stock, valued at $51,133,332.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 323,844 shares of company stock valued at $33,363,756. Company insiders own 0.15% of the company’s stock.

A number of research analysts have recently issued reports on PYPL shares. Zacks Investment Research raised shares of Paypal from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. BidaskClub raised shares of Paypal from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 29th. Oppenheimer lifted their price objective on shares of Paypal from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, January 31st. Craig Hallum reaffirmed a “buy” rating and issued a $110.00 price objective (up previously from $100.00) on shares of Paypal in a research report on Thursday, January 31st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $105.00 price objective (up previously from $103.00) on shares of Paypal in a research report on Thursday, January 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $107.68.

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Paypal Profile

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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