Calamos Advisors LLC Sells 105,054 Shares of PayPal Holdings, Inc. (PYPL)

Calamos Advisors LLC trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 12.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 740,044 shares of the credit services provider’s stock after selling 105,054 shares during the period. Calamos Advisors LLC owned about 0.06% of PayPal Holdings worth $47,385,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Kistler Tiffany Companies LLC boosted its position in PayPal Holdings by 511.9% during the third quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock worth $129,000 after acquiring an additional 1,684 shares during the last quarter. Archford Capital Strategies LLC boosted its position in PayPal Holdings by 65.4% during the first quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock worth $139,000 after acquiring an additional 1,281 shares during the last quarter. Balentine LLC boosted its position in PayPal Holdings by 28.7% during the first quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock worth $150,000 after acquiring an additional 780 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its position in PayPal Holdings by 171.4% during the second quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock worth $154,000 after acquiring an additional 1,808 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its position in PayPal Holdings by 5.6% during the first quarter. SRS Capital Advisors Inc. now owns 3,611 shares of the credit services provider’s stock worth $155,000 after acquiring an additional 190 shares during the last quarter. 82.35% of the stock is owned by institutional investors and hedge funds.

PYPL has been the topic of a number of analyst reports. Credit Suisse Group restated an “outperform” rating on shares of PayPal Holdings in a research report on Tuesday, September 5th. Zacks Investment Research upgraded shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Wednesday, July 19th. Citigroup Inc. raised their target price on shares of PayPal Holdings to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, October 3rd. Jefferies Group LLC restated a “buy” rating and set a $61.27 target price (down previously from $70.00) on shares of PayPal Holdings in a research report on Wednesday, September 6th. Finally, SunTrust Banks, Inc. lowered shares of PayPal Holdings from a “buy” rating to a “hold” rating and set a $60.00 target price on the stock. in a research report on Wednesday, July 19th. They noted that the move was a valuation call. Nine research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $69.77.

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In other news, EVP Gary J. Marino sold 1,351 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $59.00, for a total value of $79,709.00. Following the completion of the transaction, the executive vice president now owns 37,492 shares in the company, valued at approximately $2,212,028. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director John J. Donahoe sold 170,000 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $58.18, for a total transaction of $9,890,600.00. Following the completion of the transaction, the director now owns 124,516 shares of the company’s stock, valued at approximately $7,244,340.88. The disclosure for this sale can be found here. Corporate insiders own 6.00% of the company’s stock.

PayPal Holdings, Inc. (NASDAQ:PYPL) traded down 0.39% during midday trading on Monday, hitting $70.78. 793,736 shares of the stock traded hands. PayPal Holdings, Inc. has a 1-year low of $38.06 and a 1-year high of $72.07. The stock has a market cap of $85.11 billion, a PE ratio of 57.08 and a beta of 0.98. The company has a 50-day moving average of $65.74 and a 200-day moving average of $65.74.

PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. PayPal Holdings had a net margin of 12.69% and a return on equity of 11.33%. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter in the prior year, the company posted $0.35 EPS. The business’s revenue was up 21.4% on a year-over-year basis. On average, equities analysts expect that PayPal Holdings, Inc. will post $1.87 EPS for the current fiscal year.

About PayPal Holdings

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

Institutional Ownership by Quarter for PayPal Holdings (NASDAQ:PYPL)

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