Motco Sells 6,554 Shares of PayPal (PYPL)

Motco decreased its position in shares of PayPal (NASDAQ:PYPL) by 6.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,157 shares of the credit services provider’s stock after selling 6,554 shares during the quarter. Motco’s holdings in PayPal were worth $6,689,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in PYPL. Arcadia Investment Management Corp MI lifted its position in PayPal by 230.4% in the fourth 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 acquired a new position in PayPal in the fourth quarter valued at about $106,000. Jacobi Capital Management LLC lifted its position in PayPal by 122.4% in the first 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 acquired a new position in PayPal in the fourth quarter valued at about $111,000. Finally, Risk Paradigm Group LLC lifted its position in PayPal by 282.5% in the fourth 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 currently owned by hedge funds and other institutional investors.

Get PayPal alerts:

Shares of PayPal opened at $80.79 on Friday, according to Marketbeat. The company has a market capitalization of $94.03 billion, a P/E ratio of 58.12, a price-to-earnings-growth ratio of 2.62 and a beta of 1.28. PayPal has a 52-week low of $49.06 and a 52-week high of $86.32.

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

A number of research analysts have commented on the stock. UBS reaffirmed a “buy” rating and issued a $90.00 target price on shares of PayPal in a research report on Friday. Craig Hallum set a $93.00 target price on shares of PayPal and gave the company a “buy” rating in a research report on Friday. Credit Suisse Group upped their target price on shares of PayPal from $85.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday. ValuEngine raised shares of PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, Canaccord Genuity upped their target price on shares of PayPal from $80.00 to $82.00 and gave the company a “hold” rating in a research report on Thursday, April 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirty-five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $81.34.

In related news, EVP Adele Louise Pentland sold 16,778 shares of the company’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $77.76, for a total value of $1,304,657.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David M. Moffett sold 3,808 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $77.86, for a total value of $296,490.88. Following the completion of the transaction, the director now directly owns 66,320 shares of the company’s stock, valued at $5,163,675.20. The disclosure for this sale can be found here. Insiders sold 201,964 shares of company stock valued at $15,385,614 over the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

About PayPal

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)