Paypal Holdings Inc (NASDAQ:PYPL) Shares Sold by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. lowered its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 5.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 442,900 shares of the credit services provider’s stock after selling 26,300 shares during the quarter. Paypal makes up about 1.4% of Factory Mutual Insurance Co.’s investment portfolio, making the stock its 17th largest holding. Factory Mutual Insurance Co.’s holdings in Paypal were worth $87,265,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in PYPL. Baystate Wealth Management LLC lifted its stake in Paypal by 4.7% in the third quarter. Baystate Wealth Management LLC now owns 1,105 shares of the credit services provider’s stock valued at $218,000 after buying an additional 50 shares during the last quarter. Red Door Wealth Management LLC raised its stake in shares of Paypal by 3.7% during the third quarter. Red Door Wealth Management LLC now owns 1,406 shares of the credit services provider’s stock valued at $278,000 after purchasing an additional 50 shares in the last quarter. Asset Dedication LLC raised its stake in shares of Paypal by 0.7% during the second quarter. Asset Dedication LLC now owns 9,698 shares of the credit services provider’s stock valued at $1,680,000 after purchasing an additional 65 shares in the last quarter. Delaney Dennis R raised its stake in shares of Paypal by 0.7% during 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 in the last quarter. Finally, Acropolis Investment Management LLC raised its stake in shares of Paypal by 4.5% during the second quarter. Acropolis Investment Management LLC now owns 1,636 shares of the credit services provider’s stock valued at $285,000 after purchasing an additional 70 shares in the last quarter. 83.43% of the stock is owned by institutional investors and hedge funds.

In related news, CAO Aaron Anderson sold 9,203 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $193.62, for a total value of $1,781,884.86. Following the completion of the sale, the chief accounting officer now directly owns 20,840 shares in the company, valued at approximately $4,035,040.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Daniel H. Schulman sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $183.82, for a total value of $4,595,500.00. Following the transaction, the chief executive officer now owns 469,603 shares of the company’s stock, valued at $86,322,423.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 114,409 shares of company stock valued at $22,178,495. Corporate insiders own 0.12% of the company’s stock.

A number of equities research analysts recently weighed in on PYPL shares. Credit Suisse Group lifted their price objective on shares of Paypal from $190.00 to $205.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Jefferies Financial Group lifted their price objective on shares of Paypal from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. BTIG Research restated a “hold” rating on shares of Paypal in a research note on Wednesday, July 29th. Berenberg Bank restated a “buy” rating and set a $205.00 price objective on shares of Paypal in a research note on Thursday, June 25th. Finally, Wedbush lifted their price objective on shares of Paypal from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Six equities research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Paypal has a consensus rating of “Buy” and a consensus target price of $198.27.

PYPL traded up $9.29 on Wednesday, hitting $211.25. The company had a trading volume of 293,259 shares, compared to its average volume of 8,683,537. The company’s fifty day moving average price is $192.54 and its 200 day moving average price is $166.42. Paypal Holdings Inc has a 1-year low of $82.07 and a 1-year high of $212.45. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market cap of $236.96 billion, a price-to-earnings ratio of 92.64, a price-to-earnings-growth ratio of 3.11 and a beta of 1.14.

Paypal (NASDAQ:PYPL) last posted its earnings results on Wednesday, July 29th. The credit services provider reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.46. Paypal had a return on equity of 16.17% and a net margin of 13.44%. The firm had revenue of $5.26 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same period in the previous year, the company earned $0.86 EPS. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, sell-side analysts forecast that Paypal Holdings Inc will post 2.75 EPS for the current year.

Paypal Company Profile

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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