Fort Washington Investment Advisors Inc. OH cut its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 2.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,205 shares of the credit services provider’s stock after selling 850 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Paypal were worth $2,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of PYPL. Fundsmith Equity Fund L.P. purchased a new position in Paypal in the 2nd quarter worth approximately $1,266,514,000. Third Point LLC purchased a new stake in Paypal during the 2nd quarter valued at $832,700,000. Fred Alger Management Inc. raised its stake in Paypal by 2,482.2% during the 2nd quarter. Fred Alger Management Inc. now owns 2,401,884 shares of the credit services provider’s stock valued at $200,005,000 after buying an additional 2,308,867 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Paypal by 19.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,873,686 shares of the credit services provider’s stock valued at $655,643,000 after buying an additional 1,269,133 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Paypal by 15.0% during the 2nd quarter. American Century Companies Inc. now owns 9,428,321 shares of the credit services provider’s stock valued at $785,096,000 after buying an additional 1,227,210 shares during the last quarter. 80.52% of the stock is currently owned by institutional investors and hedge funds.

In other Paypal news, insider Daniel H. Schulman sold 26,000 shares of Paypal stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $89.57, for a total value of $2,328,820.00. Following the completion of the transaction, the insider now owns 331,506 shares of the company’s stock, valued at $29,692,992.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gary J. Marino sold 61,332 shares of Paypal stock in a transaction on Friday, October 26th. The shares were sold at an average price of $83.84, for a total transaction of $5,142,074.88. Following the completion of the transaction, the insider now directly owns 87,512 shares of the company’s stock, valued at approximately $7,337,006.08. The disclosure for this sale can be found here. Insiders sold 407,213 shares of company stock valued at $34,171,688 in the last ninety days. 0.20% of the stock is owned by corporate insiders.

Several brokerages recently weighed in on PYPL. Zacks Investment Research raised shares of Paypal from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a report on Wednesday, October 24th. BidaskClub downgraded shares of Paypal from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Stifel Nicolaus increased their price objective on shares of Paypal to $108.00 and gave the company a “buy” rating in a report on Friday, October 19th. Bank of America increased their price objective on shares of Paypal from $98.00 to $102.00 and gave the company a “buy” rating in a report on Tuesday, September 11th. Finally, SunTrust Banks decreased their target price on shares of Paypal to $88.00 and set a “hold” rating on the stock in a research report on Friday, October 19th. Seven research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $94.96.

Shares of NASDAQ PYPL traded down $3.05 during midday trading on Friday, reaching $82.77. The company had a trading volume of 7,881,977 shares, compared to its average volume of 7,632,657. Paypal Holdings Inc has a 1 year low of $70.22 and a 1 year high of $93.70. The stock has a market cap of $101.13 billion, a P/E ratio of 59.55, a P/E/G ratio of 2.62 and a beta of 1.22.

Paypal (NASDAQ:PYPL) last issued its earnings results on Thursday, October 18th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.04. Paypal had a net margin of 13.98% and a return on equity of 13.60%. The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same quarter last year, the company posted $0.46 earnings per share. The firm’s revenue was up 13.7% compared to the same quarter last year. On average, sell-side analysts forecast that Paypal Holdings Inc will post 1.79 earnings per share for the current year.

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Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform 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 Paydiant products. The company's platform allows consumers to shop by sending 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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