Markston International LLC Decreases Stake in PayPal Holdings, Inc. (PYPL)

Markston International LLC decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 331,320 shares of the credit services provider’s stock after selling 6,708 shares during the quarter. PayPal Holdings accounts for approximately 1.7% of Markston International LLC’s holdings, making the stock its 14th largest position. Markston International LLC’s holdings in PayPal Holdings were worth $17,782,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PYPL. Thompson Davis & CO. Inc. grew its position in shares of PayPal Holdings by 36.7% in the 1st quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock worth $104,000 after acquiring an additional 649 shares in the last quarter. Stelac Advisory Services LLC acquired a new position in shares of PayPal Holdings in the 1st quarter worth approximately $119,000. Clean Yield Group acquired a new position in shares of PayPal Holdings in the 1st quarter worth approximately $127,000. Archford Capital Strategies LLC grew its position in shares of PayPal Holdings by 65.4% in the 1st 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 in the last quarter. Finally, First Personal Financial Services grew its position in shares of PayPal Holdings by 73.4% in the 1st quarter. First Personal Financial Services now owns 3,494 shares of the credit services provider’s stock worth $150,000 after acquiring an additional 1,479 shares in the last quarter. Institutional investors own 82.55% of the company’s stock.

In related news, EVP Gary J. Marino sold 1,351 shares of the company’s 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 sale, the executive vice president now owns 37,492 shares in the company, valued at approximately $2,212,028. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John J. Donahoe sold 170,000 shares of the company’s 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 sale, 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. In the last 90 days, insiders sold 262,702 shares of company stock valued at $15,375,804. 6.00% of the stock is owned by corporate insiders.

Several research analysts have recently commented on PYPL shares. Instinet reiterated a “buy” rating and issued a $54.00 target price on shares of PayPal Holdings in a research report on Friday, May 19th. Morgan Stanley reiterated an “equal weight” rating and issued a $49.00 target price (up previously from $44.00) on shares of PayPal Holdings in a research report on Friday, May 19th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $46.00 target price on shares of PayPal Holdings in a research report on Wednesday, May 24th. Stifel Nicolaus lowered PayPal Holdings from a “buy” rating to a “hold” rating and decreased their target price for the stock from $51.05 to $51.00 in a research report on Thursday, May 25th. They noted that the move was a valuation call. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $59.00 target price (up previously from $54.00) on shares of PayPal Holdings in a research report on Saturday, June 3rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $59.93.

PayPal Holdings, Inc. (NASDAQ PYPL) opened at 62.24 on Friday. The stock’s 50 day moving average price is $62.37 and its 200 day moving average price is $51.37. PayPal Holdings, Inc. has a 12 month low of $38.06 and a 12 month high of $63.26. The firm has a market capitalization of $74.84 billion, a PE ratio of 50.19 and a beta of 0.98. PayPal Holdings also was the target of some unusual options trading activity on Wednesday. Stock traders bought 3,225 call options on the company. This represents an increase of approximately 657% compared to the typical volume of 426 call options.

PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the prior year, the company earned $0.36 EPS. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. Equities research analysts expect that PayPal Holdings, Inc. will post $1.83 earnings per share for the current fiscal year.

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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.

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

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