Institute for Wealth Management LLC. Lowers Stake in Paypal Holdings Inc (NASDAQ:PYPL)

Institute for Wealth Management LLC. lessened its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,394 shares of the credit services provider’s stock after selling 317 shares during the period. Paypal comprises approximately 1.6% of Institute for Wealth Management LLC.’s holdings, making the stock its 6th biggest position. Institute for Wealth Management LLC.’s holdings in Paypal were worth $6,689,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of PYPL. Delaney Dennis R grew its stake in Paypal by 0.7% in the second quarter. Delaney Dennis R now owns 10,062 shares of the credit services provider’s stock valued at $1,752,000 after purchasing an additional 68 shares during the last quarter. Acropolis Investment Management LLC increased its stake in shares of Paypal by 4.5% in the 2nd quarter. Acropolis Investment Management LLC now owns 1,636 shares of the credit services provider’s stock worth $285,000 after acquiring an additional 70 shares in the last quarter. NewSquare Capital LLC increased its stake in shares of Paypal by 7.1% in the 1st quarter. NewSquare Capital LLC now owns 1,067 shares of the credit services provider’s stock worth $102,000 after acquiring an additional 71 shares in the last quarter. Bell & Brown Wealth Advisors LLC increased its stake in shares of Paypal by 0.3% in the 1st quarter. Bell & Brown Wealth Advisors LLC now owns 22,577 shares of the credit services provider’s stock worth $3,275,000 after acquiring an additional 76 shares in the last quarter. Finally, BLB&B Advisors LLC increased its stake in shares of Paypal by 0.7% in the 2nd quarter. BLB&B Advisors LLC now owns 11,091 shares of the credit services provider’s stock worth $1,932,000 after acquiring an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 82.75% of the company’s stock.

NASDAQ:PYPL traded up $3.56 during trading hours on Friday, hitting $196.07. 10,865,370 shares of the stock traded hands, compared to its average volume of 7,571,171. The company has a quick ratio of 1.39, a current ratio of 1.38 and a debt-to-equity ratio of 0.51. Paypal Holdings Inc has a 1 year low of $82.07 and a 1 year high of $198.66. The company has a market cap of $230.18 billion, a price-to-earnings ratio of 89.94, a price-to-earnings-growth ratio of 5.42 and a beta of 1.19. The stock has a 50 day moving average price of $172.13 and a 200 day moving average price of $133.02.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, July 29th. The credit services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.46. Paypal had a net margin of 13.44% and a return on equity of 16.17%. The business had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the previous year, the firm earned $0.86 earnings per share. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. Equities analysts forecast that Paypal Holdings Inc will post 2.38 earnings per share for the current fiscal year.

In other Paypal news, CEO Daniel H. Schulman sold 25,000 shares of Paypal stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $122.67, for a total transaction of $3,066,750.00. Following the transaction, the chief executive officer now owns 594,803 shares of the company’s stock, valued at $72,964,484.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 75,000 shares of company stock worth $10,562,250 in the last ninety days. Insiders own 0.12% of the company’s stock.

Several research analysts recently issued reports on PYPL shares. Stephens increased their price target on shares of Paypal from $132.00 to $159.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Morgan Stanley increased their price target on shares of Paypal from $131.00 to $206.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Cowen increased their price target on shares of Paypal from $158.00 to $195.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Goldman Sachs Group raised their price objective on shares of Paypal from $170.00 to $205.00 and gave the company a “conviction-buy” rating in a research note on Monday, July 20th. Finally, BidaskClub lowered shares of Paypal from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 15th. Seven research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $190.13.

About Paypal

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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