Broadleaf Partners LLC lowered its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 3.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 47,811 shares of the credit services provider’s stock after selling 1,494 shares during the period. Paypal comprises approximately 2.8% of Broadleaf Partners LLC’s portfolio, making the stock its 11th biggest holding. Broadleaf Partners LLC’s holdings in Paypal were worth $4,200,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Archford Capital Strategies LLC grew its holdings in Paypal by 92.6% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,300 shares of the credit services provider’s stock valued at $108,000 after buying an additional 625 shares in the last quarter. Landaas & Co. WI ADV purchased a new position in Paypal during the 2nd quarter valued at approximately $135,000. Adviser Investments LLC grew its holdings in Paypal by 165.3% during the 2nd quarter. Adviser Investments LLC now owns 1,653 shares of the credit services provider’s stock valued at $138,000 after buying an additional 1,030 shares in the last quarter. Itau Unibanco Holding S.A. grew its holdings in Paypal by 50.8% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 1,722 shares of the credit services provider’s stock valued at $142,000 after buying an additional 580 shares in the last quarter. Finally, ELM Advisors LLC purchased a new position in Paypal during the 3rd quarter valued at approximately $149,000. Hedge funds and other institutional investors own 79.59% of the company’s stock.
Shares of PYPL stock opened at $79.03 on Friday. Paypal Holdings Inc has a 52-week low of $66.16 and a 52-week high of $93.70. The company has a market cap of $103.97 billion, a P/E ratio of 57.13, a price-to-earnings-growth ratio of 2.86 and a beta of 1.31.
Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, July 25th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.17. Paypal had a return on equity of 12.91% and a net margin of 14.02%. The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same period last year, the company earned $0.46 EPS. Paypal’s quarterly revenue was up 23.0% compared to the same quarter last year. On average, analysts anticipate that Paypal Holdings Inc will post 1.73 earnings per share for the current fiscal year.
Several equities analysts have weighed in on the company. Royal Bank of Canada restated a “buy” rating and set a $87.00 price target on shares of Paypal in a report on Monday, June 18th. Robert W. Baird raised their price target on Paypal from $88.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, July 26th. Stephens restated a “buy” rating and set a $91.00 price target on shares of Paypal in a report on Friday, July 13th. Oppenheimer raised their price target on Paypal from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, July 26th. Finally, Cantor Fitzgerald raised their price target on Paypal to $98.00 and gave the company an “overweight” rating in a report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $91.89.
In related news, COO William J. Ready sold 38,878 shares of the firm’s stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $88.22, for a total transaction of $3,429,817.16. Following the completion of the sale, the chief operating officer now directly owns 119,215 shares of the company’s stock, valued at approximately $10,517,147.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Aaron Anderson sold 17,062 shares of the firm’s stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $88.22, for a total value of $1,505,209.64. Following the sale, the vice president now directly owns 9,921 shares of the company’s stock, valued at $875,230.62. The disclosure for this sale can be found here. Insiders have sold a total of 149,732 shares of company stock valued at $13,204,157 over the last three months. 0.20% of the stock is owned by corporate insiders.
Paypal Company Profile
PayPal Holdings, Inc operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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