Matisse Capital Has $437,000 Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Matisse Capital decreased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 25.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,500 shares of the credit services provider’s stock after selling 500 shares during the period. Matisse Capital’s holdings in PayPal were worth $437,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Eagle Asset Management Inc. grew its stake in PayPal by 3.4% during the second quarter. Eagle Asset Management Inc. now owns 31,888 shares of the credit services provider’s stock worth $9,294,000 after purchasing an additional 1,061 shares during the period. Equitable Holdings Inc. grew its stake in PayPal by 5.9% during the second quarter. Equitable Holdings Inc. now owns 37,514 shares of the credit services provider’s stock worth $10,935,000 after purchasing an additional 2,077 shares during the period. Redmond Asset Management LLC grew its stake in PayPal by 2.4% during the second quarter. Redmond Asset Management LLC now owns 10,810 shares of the credit services provider’s stock worth $3,151,000 after purchasing an additional 255 shares during the period. Deutsche Bank AG grew its stake in PayPal by 29.3% during the second quarter. Deutsche Bank AG now owns 4,106,142 shares of the credit services provider’s stock worth $1,196,856,000 after purchasing an additional 929,438 shares during the period. Finally, Hayden Royal LLC grew its stake in PayPal by 19.6% during the second quarter. Hayden Royal LLC now owns 1,244 shares of the credit services provider’s stock worth $363,000 after purchasing an additional 204 shares during the period. 79.05% of the stock is owned by institutional investors.

Shares of NASDAQ PYPL traded down $9.50 during mid-day trading on Monday, hitting $266.84. The company had a trading volume of 311,575 shares, compared to its average volume of 7,537,863. The company has a market capitalization of $313.55 billion, a price-to-earnings ratio of 65.77, a P/E/G ratio of 3.75 and a beta of 1.15. PayPal Holdings, Inc. has a 1 year low of $171.63 and a 1 year high of $310.16. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.43. The stock’s 50-day moving average price is $285.19 and its 200-day moving average price is $269.70.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, July 28th. The credit services provider reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.31. The company had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6.32 billion. PayPal had a return on equity of 20.07% and a net margin of 20.42%. During the same period in the previous year, the business earned $1.07 earnings per share. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 3.48 earnings per share for the current year.

In related news, EVP Mark Britto sold 9,000 shares of the business’s stock in a transaction dated Friday, July 30th. The stock was sold at an average price of $279.15, for a total transaction of $2,512,350.00. Following the completion of the transaction, the executive vice president now directly owns 122,583 shares in the company, valued at $34,219,044.45. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Daniel H. Schulman sold 10,000 shares of PayPal stock in a transaction dated Thursday, August 12th. The stock was sold at an average price of $275.23, for a total value of $2,752,300.00. Following the sale, the chief executive officer now directly owns 237,150 shares of the company’s stock, valued at approximately $65,270,794.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,314 shares of company stock valued at $11,463,923. 0.10% of the stock is owned by company insiders.

Several equities research analysts recently commented on PYPL shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $360.00 target price (up previously from $310.00) on shares of PayPal in a research note on Thursday, July 8th. Susquehanna raised their price objective on PayPal from $330.00 to $360.00 and gave the company a “positive” rating in a research note on Wednesday, July 14th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Thursday, July 29th. Mizuho reissued a “buy” rating and issued a $375.00 price objective on shares of PayPal in a research note on Monday, June 28th. Finally, Raymond James reduced their price objective on PayPal from $345.00 to $340.00 and set an “outperform” rating for the company in a research note on Thursday, July 29th. Four research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $317.74.

About PayPal

PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The firm manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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