JOYN Advisors Inc. Reduces Stake in Paypal Holdings Inc (PYPL)

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JOYN Advisors Inc. lowered its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 9.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,356 shares of the credit services provider’s stock after selling 358 shares during the quarter. JOYN Advisors Inc.’s holdings in Paypal were worth $282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Truehand Inc bought a new stake in shares of Paypal during the fourth quarter worth about $25,000. Bruderman Asset Management LLC bought a new stake in shares of Paypal during the fourth quarter worth about $27,000. Karp Capital Management Corp bought a new stake in shares of Paypal during the fourth quarter worth about $37,000. Virtus ETF Advisers LLC increased its position in shares of Paypal by 33.7% during the fourth quarter. Virtus ETF Advisers LLC now owns 448 shares of the credit services provider’s stock worth $38,000 after acquiring an additional 113 shares in the last quarter. Finally, WESPAC Advisors SoCal LLC increased its position in shares of Paypal by 116.0% during the fourth quarter. WESPAC Advisors SoCal LLC now owns 486 shares of the credit services provider’s stock worth $41,000 after acquiring an additional 261 shares in the last quarter. Hedge funds and other institutional investors own 81.68% of the company’s stock.

Several research firms have recently commented on PYPL. Zacks Investment Research raised shares of Paypal from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. DZ Bank downgraded shares of Paypal from a “buy” rating to a “hold” rating in a research report on Thursday, January 31st. BidaskClub downgraded shares of Paypal from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 7th. Bank of America reaffirmed a “buy” rating and issued a $116.00 price objective (up from $102.00) on shares of Paypal in a research report on Friday, March 15th. Finally, Oppenheimer upped 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. One analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $98.47.

In other news, CEO Daniel H. Schulman sold 22,764 shares of the stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $81.41, for a total value of $1,853,217.24. Following the transaction, the chief executive officer now owns 312,590 shares of the company’s stock, valued at approximately $25,447,951.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel H. Schulman sold 30,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $96.09, for a total transaction of $2,882,700.00. Following the completion of the transaction, the insider now directly owns 532,140 shares in the company, valued at approximately $51,133,332.60. The disclosure for this sale can be found here. Insiders sold a total of 325,823 shares of company stock worth $30,176,386 over the last quarter. Corporate insiders own 0.20% of the company’s stock.

NASDAQ PYPL opened at $101.54 on Wednesday. Paypal Holdings Inc has a 1 year low of $70.22 and a 1 year high of $101.83. The company has a market capitalization of $119.13 billion, a price-to-earnings ratio of 56.73, a PEG ratio of 2.61 and a beta of 1.03.

Paypal (NASDAQ:PYPL) last posted its earnings results on Wednesday, January 30th. The credit services provider reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.02. Paypal had a net margin of 13.31% and a return on equity of 14.67%. The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.23 billion. During the same period in the prior year, the company posted $0.55 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, equities analysts anticipate that Paypal Holdings Inc will post 2.14 earnings per share for the current fiscal year.

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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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