Todays Report: Today, 2,019 Shares of Paypal Holdings Inc. (PYPL) are sold by PNC Financial Services Group Inc.

Today, 2,019 Shares of Paypal Holdings Inc. (PYPL) are sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its stake in Paypal Holdings Inc. (NASDAQ:PYPL) by 0.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 777,197 shares of the company’s stock after selling 2,019 shares during the period. PNC Financial Services Group Inc. owned approximately 0.07% of Paypal Holdings worth $31,841,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PYPL. Renaissance Technologies LLC raised its position in shares of Paypal Holdings by 177.4% in the first quarter. Renaissance Technologies LLC now owns 365,900 shares of the company’s stock worth $14,124,000 after buying an additional 234,000 shares in the last quarter. Seven Eight Capital LLC bought a new position in shares of Paypal Holdings during the first quarter worth about $205,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Paypal Holdings by 11.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 57,122 shares of the company’s stock worth $2,208,000 after buying an additional 5,736 shares in the last quarter. Logan Capital Management Inc. bought a new position in shares of Paypal Holdings during the first quarter worth about $947,000. Finally, Cullinan Associates Inc. bought a new position in shares of Paypal Holdings during the first quarter worth about $3,401,000. Institutional investors and hedge funds own 78.13% of the company’s stock.

Shares of Paypal Holdings Inc. (NASDAQ:PYPL) traded up 0.52% on Friday, hitting $40.26. The company’s stock had a trading volume of 2,324,478 shares. The firm has a market cap of $47.51 billion, a price-to-earnings ratio of 35.63 and a beta of 1.06. The stock’s 50-day moving average price is $40.65 and its 200-day moving average price is $38.82. Paypal Holdings Inc. has a 52 week low of $30.52 and a 52 week high of $44.52.

Paypal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. Paypal Holdings had a return on equity of 10.67% and a net margin of 13.23%. The company had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the prior year, the business posted $0.31 EPS. The business’s revenue was up 18.1% compared to the same quarter last year. Equities analysts expect that Paypal Holdings Inc. will post $1.50 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on the stock. RBC Capital Markets reiterated an “outperform” rating and issued a $46.00 target price on shares of Paypal Holdings in a research report on Wednesday, August 3rd. William Blair reiterated an “outperform” rating on shares of Paypal Holdings in a research report on Friday, October 21st. Vetr upgraded shares of Paypal Holdings from a “buy” rating to a “strong-buy” rating and set a $41.29 target price for the company in a research report on Tuesday, August 2nd. Wedbush restated an “outperform” rating and set a $50.00 price objective on shares of Paypal Holdings in a research report on Monday, August 1st. Finally, Cantor Fitzgerald restated a “buy” rating on shares of Paypal Holdings in a research report on Sunday, August 28th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $45.21.

In related news, EVP Gary J. Marino sold 1,726 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $40.87, for a total transaction of $70,541.62. Following the transaction, the executive vice president now directly owns 44,505 shares of the company’s stock, valued at approximately $1,818,919.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO William J. Ready sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $41.72, for a total value of $2,086,000.00. Following the transaction, the chief operating officer now directly owns 59,999 shares in the company, valued at $2,503,158.28. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

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