First Long Island Investors LLC Decreases Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

First Long Island Investors LLC trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) by 22.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,726 shares of the credit services provider’s stock after selling 19,772 shares during the period. First Long Island Investors LLC’s holdings in PayPal were worth $8,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Curi Wealth Management LLC purchased a new stake in shares of PayPal in the 4th quarter valued at about $30,000. Intelligent Financial Strategies purchased a new stake in shares of PayPal in the 4th quarter valued at about $37,000. AHL Investment Management Inc. purchased a new stake in shares of PayPal in the 4th quarter valued at about $42,000. Cassady Schiller Wealth Management LLC purchased a new stake in shares of PayPal in the 4th quarter valued at about $44,000. Finally, Addison Advisors LLC lifted its holdings in shares of PayPal by 100.7% in the 1st quarter. Addison Advisors LLC now owns 279 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 140 shares during the last quarter. 75.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at PayPal

In other PayPal news, EVP Peggy Alford sold 21,791 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $97.82, for a total transaction of $2,131,595.62. Following the transaction, the executive vice president now owns 18,100 shares of the company’s stock, valued at approximately $1,770,542. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on PYPL shares. Cowen reduced their price objective on PayPal from $174.00 to $104.00 in a research note on Thursday, April 28th. Citigroup upped their price objective on PayPal from $120.00 to $122.00 in a research note on Wednesday, August 3rd. JPMorgan Chase & Co. reduced their price objective on PayPal from $127.00 to $112.00 in a research note on Wednesday, July 20th. JMP Securities upped their price objective on PayPal from $100.00 to $120.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 3rd. Finally, William Blair reaffirmed an “outperform” rating on shares of PayPal in a research note on Wednesday, April 27th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $139.38.

PayPal Price Performance

NASDAQ:PYPL traded down $2.02 during trading hours on Tuesday, reaching $94.24. 146,917 shares of the company traded hands, compared to its average volume of 16,308,475. The firm’s 50-day moving average is $79.35 and its 200-day moving average is $96.67. The stock has a market cap of $108.99 billion, a P/E ratio of 55.32, a P/E/G ratio of 2.22 and a beta of 1.49. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.23 and a quick ratio of 1.23. PayPal Holdings, Inc. has a 1-year low of $67.58 and a 1-year high of $296.70.

PayPal Profile

(Get Rating)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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