State of Wisconsin Investment Board Sells 179,285 Shares of PayPal (PYPL)

State of Wisconsin Investment Board lessened its holdings in shares of PayPal (NASDAQ:PYPL) by 11.6% in the first quarter, Holdings Channel reports. The institutional investor owned 1,362,724 shares of the credit services provider’s stock after selling 179,285 shares during the quarter. State of Wisconsin Investment Board’s holdings in PayPal were worth $103,390,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Arcadia Investment Management Corp MI grew its position in shares of PayPal by 230.4% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,434 shares of the credit services provider’s stock valued at $106,000 after buying an additional 1,000 shares during the last quarter. Truewealth LLC bought a new stake in shares of PayPal during the 4th quarter valued at about $106,000. Jacobi Capital Management LLC grew its position in shares of PayPal by 122.4% during the 1st quarter. Jacobi Capital Management LLC now owns 1,461 shares of the credit services provider’s stock valued at $110,000 after buying an additional 804 shares during the last quarter. Front Row Advisors LLC bought a new stake in shares of PayPal during the 4th quarter valued at about $111,000. Finally, Risk Paradigm Group LLC grew its position in shares of PayPal by 282.5% during the 4th quarter. Risk Paradigm Group LLC now owns 1,530 shares of the credit services provider’s stock valued at $113,000 after buying an additional 1,130 shares during the last quarter. 80.88% of the stock is owned by institutional investors and hedge funds.

In related news, insider Daniel H. Schulman sold 26,000 shares of the stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $74.12, for a total transaction of $1,927,120.00. Following the completion of the sale, the insider now directly owns 364,797 shares of the company’s stock, valued at $27,038,753.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jonathan Auerbach sold 20,242 shares of the stock in a transaction that occurred on Friday, April 27th. The shares were sold at an average price of $74.64, for a total transaction of $1,510,862.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 219,773 shares of company stock valued at $16,777,061. Company insiders own 0.20% of the company’s stock.



A number of research analysts have issued reports on PYPL shares. Vetr raised shares of PayPal from a “hold” rating to a “buy” rating and set a $86.65 target price for the company in a research note on Thursday, February 1st. Citigroup reissued a “buy” rating and set a $90.00 target price on shares of PayPal in a research note on Thursday, February 1st. Cantor Fitzgerald reissued a “buy” rating and set a $85.00 target price on shares of PayPal in a research note on Thursday, February 1st. Guggenheim reissued a “buy” rating on shares of PayPal in a research note on Thursday, February 1st. Finally, BMO Capital Markets boosted their target price on shares of PayPal from $85.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirty-four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $80.91.

PYPL stock opened at $79.20 on Monday. PayPal has a 12 month low of $48.89 and a 12 month high of $86.32. The company has a market cap of $94.04 billion, a P/E ratio of 56.98, a price-to-earnings-growth ratio of 2.62 and a beta of 1.28.

PayPal (NASDAQ:PYPL) last released its earnings results on Wednesday, April 25th. The credit services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. PayPal had a net margin of 13.92% and a return on equity of 12.35%. The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the prior year, the business earned $0.44 earnings per share. The business’s quarterly revenue was up 23.9% on a year-over-year basis. equities analysts predict that PayPal will post 1.71 EPS for the current year.

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.

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal (NASDAQ:PYPL).

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply