SlateStone Wealth LLC decreased its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 32.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,152 shares of the credit services provider’s stock after selling 9,016 shares during the quarter. SlateStone Wealth LLC’s holdings in Paypal were worth $2,072,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PYPL. BlackRock Inc. raised its stake in Paypal by 1.6% during the second quarter. BlackRock Inc. now owns 74,983,829 shares of the credit services provider’s stock worth $8,582,649,000 after acquiring an additional 1,194,180 shares in the last quarter. State Street Corp raised its stake in Paypal by 0.4% during the fourth quarter. State Street Corp now owns 46,327,303 shares of the credit services provider’s stock worth $5,011,224,000 after acquiring an additional 184,624 shares in the last quarter. Lindsell Train Ltd raised its stake in Paypal by 4.9% during the fourth quarter. Lindsell Train Ltd now owns 7,735,718 shares of the credit services provider’s stock worth $836,773,000 after acquiring an additional 364,366 shares in the last quarter. Polen Capital Management LLC raised its stake in Paypal by 2.6% during the fourth quarter. Polen Capital Management LLC now owns 7,690,677 shares of the credit services provider’s stock worth $831,900,000 after acquiring an additional 198,134 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in Paypal by 609.2% during the third quarter. Fisher Asset Management LLC now owns 4,402,613 shares of the credit services provider’s stock worth $456,067,000 after acquiring an additional 3,781,844 shares in the last quarter. 80.65% of the stock is owned by institutional investors and hedge funds.

Several research analysts have commented on PYPL shares. BMO Capital Markets boosted their target price on Paypal from $147.00 to $153.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Wedbush reissued an “outperform” rating on shares of Paypal in a research note on Friday, November 22nd. SunTrust Banks upped their price objective on Paypal from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Guggenheim raised Paypal from a “neutral” rating to a “buy” rating and set a $133.00 price objective for the company in a research note on Friday, January 31st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $128.00 price objective on shares of Paypal in a research note on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $127.03.

NASDAQ:PYPL traded up $2.48 on Friday, reaching $122.99. 5,767,359 shares of the stock traded hands, compared to its average volume of 7,190,936. The firm has a market capitalization of $140.83 billion, a price-to-earnings ratio of 59.42, a price-to-earnings-growth ratio of 2.48 and a beta of 0.93. The company’s 50 day moving average is $114.26 and its 200-day moving average is $107.58. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.29. Paypal Holdings Inc has a 1-year low of $93.10 and a 1-year high of $122.19.

Paypal (NASDAQ:PYPL) last released its earnings results on Thursday, January 30th. The credit services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The business had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.94 billion. Paypal had a net margin of 13.84% and a return on equity of 17.33%. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. On average, equities research analysts forecast that Paypal Holdings Inc will post 2.63 EPS for the current fiscal year.

In other Paypal news, CEO Daniel H. Schulman sold 25,000 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $119.01, for a total transaction of $2,975,250.00. Following the completion of the sale, the chief executive officer now owns 357,674 shares of the company’s stock, valued at approximately $42,566,782.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Daniel H. Schulman sold 25,719 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $104.73, for a total transaction of $2,693,550.87. Following the sale, the chief executive officer now directly owns 407,793 shares of the company’s stock, valued at approximately $42,708,160.89. The disclosure for this sale can be found here. Insiders have sold a total of 80,719 shares of company stock valued at $8,773,501 in the last three months. Insiders own 0.15% of the company’s stock.

Paypal Company 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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