Paypal Holdings Inc (PYPL) Shares Sold by Criterion Capital Management LLC

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Criterion Capital Management LLC trimmed its position in Paypal Holdings Inc (NASDAQ:PYPL) by 16.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 564,308 shares of the credit services provider’s stock after selling 108,575 shares during the quarter. Paypal makes up approximately 3.5% of Criterion Capital Management LLC’s holdings, making the stock its 15th largest position. Criterion Capital Management LLC’s holdings in Paypal were worth $46,990,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Voya Investment Management LLC increased its holdings in shares of Paypal by 0.4% in the 2nd quarter. Voya Investment Management LLC now owns 546,756 shares of the credit services provider’s stock valued at $45,528,000 after acquiring an additional 1,984 shares during the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of Paypal by 29.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 17,859 shares of the credit services provider’s stock valued at $1,554,000 after acquiring an additional 4,096 shares during the last quarter. Lido Advisors LLC increased its holdings in shares of Paypal by 27.9% in the 2nd quarter. Lido Advisors LLC now owns 8,953 shares of the credit services provider’s stock valued at $745,000 after acquiring an additional 1,953 shares during the last quarter. First Republic Investment Management Inc. increased its holdings in shares of Paypal by 35.9% in the 2nd quarter. First Republic Investment Management Inc. now owns 305,703 shares of the credit services provider’s stock valued at $25,455,000 after acquiring an additional 80,765 shares during the last quarter. Finally, Raymond James & Associates grew its stake in Paypal by 2.4% during the 2nd quarter. Raymond James & Associates now owns 1,183,275 shares of the credit services provider’s stock worth $98,531,000 after buying an additional 28,103 shares during the last quarter. Institutional investors and hedge funds own 79.60% of the company’s stock.

NASDAQ:PYPL opened at $89.00 on Friday. Paypal Holdings Inc has a 1 year low of $61.10 and a 1 year high of $93.44. The firm has a market capitalization of $109.29 billion, a PE ratio of 64.03, a price-to-earnings-growth ratio of 3.05 and a beta of 1.30.

Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, July 25th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.17. Paypal had a return on equity of 12.91% and a net margin of 14.02%. The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter in the prior year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. research analysts expect that Paypal Holdings Inc will post 1.72 EPS for the current year.

A number of brokerages recently commented on PYPL. Zacks Investment Research upgraded Paypal from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research note on Tuesday, July 24th. Stephens restated a “buy” rating and set a $91.00 price objective on shares of Paypal in a research note on Friday, July 13th. BidaskClub upgraded Paypal from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 31st. SunTrust Banks upped their price objective on Paypal to $92.00 and gave the stock a “$88.22” rating in a research note on Wednesday, July 18th. Finally, Wedbush upgraded Paypal from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Friday, May 25th. Seven research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $89.32.

In other news, VP Aaron Anderson sold 17,062 shares of the company’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $88.22, for a total value of $1,505,209.64. Following the completion of the sale, the vice president now owns 9,921 shares in the company, valued at $875,230.62. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Daniel H. Schulman sold 26,000 shares of the company’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $92.43, for a total value of $2,403,180.00. Following the completion of the sale, the insider now owns 323,316 shares of the company’s stock, valued at approximately $29,884,097.88. The disclosure for this sale can be found here. In the last three months, insiders sold 149,732 shares of company stock valued at $13,044,257. Company insiders own 0.20% of the company’s stock.

Paypal Company Profile

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.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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