Wasatch Advisors Inc. cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 44.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,376 shares of the credit services provider’s stock after selling 47,900 shares during the quarter. Wasatch Advisors Inc.’s holdings in PayPal Holdings were worth $3,187,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of PYPL. Stelac Advisory Services LLC purchased a new stake in shares of PayPal Holdings during the first quarter worth approximately $119,000. Archford Capital Strategies LLC increased its position in shares of 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 purchasing an additional 1,281 shares in the last quarter. Balentine LLC increased its position in shares of 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 purchasing an additional 780 shares in the last quarter. Harvest Fund Management Co. Ltd increased its position in shares of 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 purchasing an additional 1,808 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its position in shares of 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 purchasing an additional 190 shares in the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.
PayPal Holdings, Inc. (PYPL) traded down 0.329% during mid-day trading on Friday, reaching $71.105. The company’s stock had a trading volume of 5,090,070 shares. PayPal Holdings, Inc. has a 52 week low of $38.06 and a 52 week high of $71.79. The stock has a market capitalization of $85.50 billion, a price-to-earnings ratio of 57.343 and a beta of 0.98. The firm has a 50-day moving average of $65.42 and a 200-day moving average of $65.42.
PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. PayPal Holdings had a net margin of 12.69% and a return on equity of 11.33%. PayPal Holdings’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 earnings per share. On average, equities research analysts expect that PayPal Holdings, Inc. will post $1.87 earnings per share for the current year.
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A number of equities analysts have weighed in on the company. Vetr raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $55.01 price objective on the stock in a research note on Tuesday, July 4th. Oppenheimer Holdings, Inc. boosted their price objective on PayPal Holdings from $50.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Wells Fargo & Company upped their price target on PayPal Holdings from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. Cowen and Company reaffirmed a “market perform” rating and issued a $52.00 price target (up previously from $48.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $52.00 price target on shares of PayPal Holdings in a research note on Wednesday, July 5th. Nine equities research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $69.77.
In other PayPal Holdings news, Director John J. Donahoe sold 170,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $58.18, for a total value of $9,890,600.00. Following the transaction, the director now directly owns 124,516 shares of the company’s stock, valued at $7,244,340.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Gary J. Marino sold 1,351 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $59.00, for a total transaction of $79,709.00. Following the completion of the transaction, the executive vice president now directly owns 37,492 shares in the company, valued at $2,212,028. The disclosure for this sale can be found here. In the last three months, insiders sold 261,351 shares of company stock valued at $15,302,809. 6.00% of the stock is currently owned by company insiders.
PayPal Holdings Company Profile
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.
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