PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Holdings Lowered by Atalanta Sosnoff Capital LLC

Atalanta Sosnoff Capital LLC trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 22.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 284,888 shares of the credit services provider’s stock after selling 83,468 shares during the period. PayPal comprises approximately 1.7% of Atalanta Sosnoff Capital LLC’s investment portfolio, making the stock its 21st biggest position. Atalanta Sosnoff Capital LLC’s holdings in PayPal were worth $74,131,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Hatton Consulting Inc. raised its position in shares of PayPal by 9.1% during the third quarter. Hatton Consulting Inc. now owns 3,711 shares of the credit services provider’s stock worth $966,000 after purchasing an additional 308 shares during the period. BEAM Asset Management LLC boosted its position in shares of PayPal by 5.9% in the 3rd quarter. BEAM Asset Management LLC now owns 1,274 shares of the credit services provider’s stock valued at $332,000 after purchasing an additional 71 shares during the period. Hollencrest Capital Management boosted its position in shares of PayPal by 37.2% in the 3rd quarter. Hollencrest Capital Management now owns 5,984 shares of the credit services provider’s stock valued at $1,558,000 after purchasing an additional 1,624 shares during the period. Veracity Capital LLC boosted its position in shares of PayPal by 14.0% in the 3rd quarter. Veracity Capital LLC now owns 2,575 shares of the credit services provider’s stock valued at $670,000 after purchasing an additional 317 shares during the period. Finally, Everhart Financial Group Inc. boosted its position in shares of PayPal by 28.3% in the 3rd quarter. Everhart Financial Group Inc. now owns 1,379 shares of the credit services provider’s stock valued at $359,000 after purchasing an additional 304 shares during the period. Hedge funds and other institutional investors own 78.94% of the company’s stock.

In other news, CEO Daniel H. Schulman sold 10,000 shares of the stock in a transaction that occurred on Friday, October 29th. The stock was sold at an average price of $234.53, for a total transaction of $2,345,300.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Jeffrey William Karbowski sold 1,800 shares of the firm’s stock in a transaction on Tuesday, November 16th. The shares were sold at an average price of $215.00, for a total value of $387,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,114 shares of company stock valued at $7,102,758. Corporate insiders own 0.10% of the company’s stock.

Shares of NASDAQ:PYPL opened at $188.71 on Thursday. PayPal Holdings, Inc. has a 1-year low of $184.27 and a 1-year high of $310.16. The firm has a market capitalization of $221.72 billion, a PE ratio of 45.36, a PEG ratio of 3.01 and a beta of 1.11. The business’s 50 day moving average is $242.41 and its 200-day moving average is $265.40. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Monday, November 8th. The credit services provider reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.04. The company had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.24 billion. PayPal had a return on equity of 19.75% and a net margin of 20.09%. PayPal’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 EPS. On average, sell-side analysts predict that PayPal Holdings, Inc. will post 3.46 EPS for the current year.

PYPL has been the subject of a number of recent analyst reports. Loop Capital initiated coverage on PayPal in a research report on Monday, November 15th. They issued a “buy” rating and a $269.00 price target for the company. Wolfe Research reduced their price objective on PayPal from $360.00 to $300.00 and set an “outperform” rating for the company in a research note on Tuesday, November 9th. DA Davidson reduced their price objective on PayPal from $325.00 to $275.00 and set a “buy” rating for the company in a research note on Tuesday, November 9th. UBS Group reissued a “buy” rating and issued a $263.00 price objective on shares of PayPal in a research note on Thursday, November 18th. Finally, KeyCorp reduced their price objective on PayPal from $335.00 to $325.00 and set an “overweight” rating for the company in a research note on Tuesday, November 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirty-five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $283.13.

PayPal Company Profile

PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The firm manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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