YorkBridge Wealth Partners LLC lowered its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 0.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 17,740 shares of the credit services provider’s stock after selling 106 shares during the period. Paypal makes up 0.9% of YorkBridge Wealth Partners LLC’s investment portfolio, making the stock its 27th biggest holding. YorkBridge Wealth Partners LLC’s holdings in Paypal were worth $2,031,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Semmax Financial Advisors Inc. raised its position in Paypal by 630.2% in the first quarter. Semmax Financial Advisors Inc. now owns 314 shares of the credit services provider’s stock worth $33,000 after purchasing an additional 271 shares in the last quarter. Private Ocean LLC raised its position in Paypal by 386.7% in the first quarter. Private Ocean LLC now owns 365 shares of the credit services provider’s stock worth $38,000 after purchasing an additional 290 shares in the last quarter. Liberty Wealth Management LLC acquired a new position in Paypal in the fourth quarter worth about $39,000. CX Institutional raised its position in Paypal by 605.7% in the first quarter. CX Institutional now owns 374 shares of the credit services provider’s stock worth $39,000 after purchasing an additional 321 shares in the last quarter. Finally, Princeton Global Asset Management LLC acquired a new position in Paypal in the first quarter worth about $42,000. 80.97% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Jonathan Auerbach sold 8,730 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $113.80, for a total transaction of $993,474.00. Following the sale, the executive vice president now directly owns 120,470 shares of the company’s stock, valued at $13,709,486. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel H. Schulman sold 30,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $109.73, for a total transaction of $3,291,900.00. Following the sale, the insider now directly owns 538,821 shares in the company, valued at $59,124,828.33. The disclosure for this sale can be found here. Insiders have sold 68,730 shares of company stock worth $7,618,074 over the last three months. 0.15% of the stock is owned by insiders.

Several research firms recently issued reports on PYPL. JPMorgan Chase & Co. set a $24.00 price target on shares of Urovant Sciences and gave the stock a “buy” rating in a research report on Friday, June 14th. Jefferies Financial Group lowered shares of Alcoa from a “buy” rating to a “hold” rating and dropped their price target for the stock from $29.00 to $23.00 in a research report on Thursday, July 18th. Zacks Investment Research lowered shares of GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 2nd. Bank of America set a $10.00 price objective on shares of HEXO and gave the stock a “buy” rating in a research note on Thursday, June 13th. Finally, UBS Group set a $160.00 price objective on shares of IBM and gave the stock a “buy” rating in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $119.89.

Shares of PYPL traded up $0.41 during mid-day trading on Tuesday, hitting $111.86. 5,220,578 shares of the company traded hands, compared to its average volume of 5,544,327. Paypal Holdings Inc has a one year low of $74.66 and a one year high of $121.48. The business has a 50-day simple moving average of $117.00. The stock has a market capitalization of $135.89 billion, a PE ratio of 62.49, a price-to-earnings-growth ratio of 2.68 and a beta of 0.98.

Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.12. Paypal had a net margin of 15.36% and a return on equity of 17.14%. The business had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same period in the prior year, the firm earned $0.58 earnings per share. Paypal’s revenue was up 11.7% compared to the same quarter last year. On average, research analysts anticipate that Paypal Holdings Inc will post 2.41 EPS for the current fiscal year.

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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