Toronto Dominion Bank increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 24.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 385,243 shares of the credit services provider’s stock after buying an additional 76,166 shares during the quarter. Toronto Dominion Bank’s holdings in PayPal Holdings were worth $20,672,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Guardian Life Insurance Co. of America raised its position in shares of PayPal Holdings by 0.9% during the 1st quarter. Guardian Life Insurance Co. of America now owns 4,338 shares of the credit services provider’s stock worth $187,000 after purchasing an additional 38 shares during the last quarter. Apriem Advisors raised its holdings in PayPal Holdings by 0.6% in the 2nd quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock valued at $451,000 after acquiring an additional 52 shares during the last quarter. Westside Investment Management Inc. raised its holdings in PayPal Holdings by 0.4% in the 2nd quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock valued at $761,000 after acquiring an additional 60 shares during the last quarter. Sigma Planning Corp raised its holdings in PayPal Holdings by 0.4% in the 2nd quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock valued at $903,000 after acquiring an additional 74 shares during the last quarter. Finally, Train Babcock Advisors LLC grew its stake in shares of PayPal Holdings by 1.6% during the 2nd quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock valued at $292,000 after buying an additional 86 shares during the period. 82.18% of the stock is currently owned by institutional investors.
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PayPal Holdings, Inc. (PYPL) traded down 0.39% during trading on Friday, hitting $71.06. 9,256,556 shares of the company’s stock traded hands. The company’s 50 day moving average price is $65.42 and its 200 day moving average price is $65.42. The company has a market cap of $85.44 billion, a PE ratio of 57.31 and a beta of 0.98. PayPal Holdings, Inc. has a 52-week low of $38.06 and a 52-week high of $71.79.
PayPal Holdings (NASDAQ:PYPL) last released its earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. The company had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same period in the previous year, the business posted $0.35 EPS. The business’s revenue for the quarter was up 21.4% compared to the same quarter last year. Analysts expect that PayPal Holdings, Inc. will post $1.87 earnings per share for the current year.
Several brokerages have recently issued reports on PYPL. Zacks Investment Research raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Thursday. William Blair reissued a “buy” rating on shares of PayPal Holdings in a research note on Friday, October 20th. Stifel Nicolaus boosted their price objective on shares of PayPal Holdings from $61.00 to $70.00 and gave the company a “hold” rating in a research note on Sunday, October 22nd. Piper Jaffray Companies reaffirmed a “hold” rating and set a $69.00 price target on shares of PayPal Holdings in a research report on Sunday, October 22nd. Finally, Jefferies Group LLC reaffirmed an “outperform” rating and set a $80.00 price target on shares of PayPal Holdings in a research report on Monday, October 23rd. Nine investment analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $69.77.
In other PayPal Holdings news, EVP Gary J. Marino sold 1,351 shares of PayPal Holdings stock in a transaction dated Tuesday, August 1st. The stock was 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 owns 37,492 shares of the company’s stock, valued at approximately $2,212,028. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John J. Donahoe sold 170,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was 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 approximately $7,244,340.88. The disclosure for this sale can be found here. Insiders sold a total of 261,351 shares of company stock worth $15,302,809 over the last 90 days. 6.00% of the stock is currently owned by company insiders.
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.
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