RMB Capital Management LLC Has $1.05 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

RMB Capital Management LLC trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) by 44.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,082 shares of the credit services provider’s stock after selling 7,155 shares during the period. RMB Capital Management LLC’s holdings in PayPal were worth $1,050,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in shares of PayPal during the 4th quarter worth approximately $1,873,879,000. Bank of Montreal Can grew its stake in shares of PayPal by 123.0% in the fourth quarter. Bank of Montreal Can now owns 8,051,183 shares of the credit services provider’s stock valued at $2,334,845,000 after buying an additional 4,440,194 shares in the last quarter. Fisher Asset Management LLC increased its holdings in PayPal by 20.6% during the fourth quarter. Fisher Asset Management LLC now owns 14,468,988 shares of the credit services provider’s stock worth $2,728,562,000 after buying an additional 2,476,199 shares during the last quarter. SG Americas Securities LLC raised its position in PayPal by 144.1% during the first quarter. SG Americas Securities LLC now owns 586,247 shares of the credit services provider’s stock worth $67,799,000 after acquiring an additional 1,915,359 shares in the last quarter. Finally, Loomis Sayles & Co. L P lifted its stake in PayPal by 66,379.2% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,382,103 shares of the credit services provider’s stock valued at $260,637,000 after acquiring an additional 1,380,024 shares during the last quarter. Institutional investors own 75.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PYPL shares. Oppenheimer dropped their target price on shares of PayPal from $173.00 to $118.00 in a report on Thursday, April 28th. Sumitomo Mitsui Financial Group raised PayPal from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $90.00 to $100.00 in a research report on Wednesday. William Blair reissued an “outperform” rating on shares of PayPal in a report on Wednesday, April 27th. Redburn Partners downgraded PayPal from a “buy” rating to a “neutral” rating in a report on Friday, July 8th. Finally, Citigroup upped their price objective on shares of PayPal from $120.00 to $122.00 in a report on Wednesday. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to MarketBeat, PayPal has a consensus rating of “Moderate Buy” and a consensus price target of $139.43.

Insider Buying and Selling

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

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $95.32 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.19 and a current ratio of 1.23. PayPal Holdings, Inc. has a 52 week low of $67.58 and a 52 week high of $296.70. The firm has a market cap of $110.38 billion, a PE ratio of 54.78, a price-to-earnings-growth ratio of 2.23 and a beta of 1.49. The firm’s fifty day moving average is $79.13 and its 200-day moving average is $98.21.

PayPal Company 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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