Hyman Charles D grew its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 0.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,854 shares of the credit services provider’s stock after purchasing an additional 535 shares during the period. Hyman Charles D’s holdings in Paypal were worth $9,712,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of PYPL. Norges Bank bought a new stake in shares of Paypal in the 4th quarter worth $906,735,000. FMR LLC increased its holdings in shares of Paypal by 3.8% in the 1st quarter. FMR LLC now owns 82,843,184 shares of the credit services provider’s stock worth $8,602,436,000 after purchasing an additional 3,002,568 shares in the last quarter. Thoroughbred Financial Services LLC increased its holdings in shares of Paypal by 11,307.3% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,213,390 shares of the credit services provider’s stock worth $121,339,000 after purchasing an additional 1,202,753 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Paypal by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 14,422,120 shares of the credit services provider’s stock worth $1,210,539,000 after purchasing an additional 851,398 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Paypal by 367.5% in the 1st quarter. Marshall Wace LLP now owns 537,085 shares of the credit services provider’s stock worth $55,772,000 after purchasing an additional 422,200 shares in the last quarter. 80.97% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ PYPL traded down $3.71 during trading hours on Friday, reaching $107.09. The stock had a trading volume of 10,462,532 shares, compared to its average volume of 6,977,053. The firm has a market cap of $130.38 billion, a price-to-earnings ratio of 59.83, a price-to-earnings-growth ratio of 2.56 and a beta of 0.97. The company has a fifty day moving average price of $116.59. Paypal Holdings Inc has a 52-week low of $74.66 and a 52-week high of $121.48.
Paypal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.12. The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.33 billion. Paypal had a return on equity of 17.14% and a net margin of 15.36%. Paypal’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 earnings per share. Equities analysts expect that Paypal Holdings Inc will post 2.41 EPS for the current fiscal year.
PYPL has been the subject of a number of research analyst reports. Robert W. Baird lifted their target price on Paypal from $118.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. SunTrust Banks lifted their target price on Paypal to $115.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. They noted that the move was a valuation call. Deutsche Bank lifted their target price on Paypal from $120.00 to $127.00 and gave the stock a “positive” rating in a report on Tuesday, July 16th. Royal Bank of Canada lifted their target price on Paypal to $120.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. lifted their target price on Paypal from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, June 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $120.81.
In other Paypal news, EVP Jonathan Auerbach sold 8,730 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $113.80, for a total transaction of $993,474.00. Following the completion of the sale, the executive vice president now owns 120,470 shares in the company, valued at $13,709,486. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Aaron Karczmer sold 3,110 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $115.71, for a total value of $359,858.10. Following the sale, the executive vice president now owns 15,041 shares of the company’s stock, valued at approximately $1,740,394.11. The disclosure for this sale can be found here. Insiders sold 101,840 shares of company stock valued at $11,336,732 in the last quarter. 0.15% of the stock is owned by company insiders.
PayPal Holdings, Inc operates as a technology platform and digital payments 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 iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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