Utah Retirement Systems boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,543 shares of the credit services provider’s stock after purchasing an additional 200 shares during the quarter. Utah Retirement Systems’ holdings in PayPal Holdings were worth $11,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently bought and sold shares of PYPL. Acadian Asset Management LLC lifted its stake in PayPal Holdings by 61.6% in the 1st quarter. Acadian Asset Management LLC now owns 6,432 shares of the credit services provider’s stock worth $277,000 after purchasing an additional 2,453 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in PayPal Holdings by 0.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 838,436 shares of the credit services provider’s stock worth $36,038,000 after purchasing an additional 6,805 shares in the last quarter. Thompson Investment Management Inc. lifted its stake in PayPal Holdings by 3.9% in the 1st quarter. Thompson Investment Management Inc. now owns 80,867 shares of the credit services provider’s stock worth $3,479,000 after purchasing an additional 3,057 shares in the last quarter. Klingenstein Fields & Co. LLC lifted its stake in PayPal Holdings by 0.4% in the 1st quarter. Klingenstein Fields & Co. LLC now owns 617,281 shares of the credit services provider’s stock worth $26,556,000 after purchasing an additional 2,455 shares in the last quarter. Finally, Eads & Heald Investment Counsel lifted its stake in PayPal Holdings by 0.5% in the 1st quarter. Eads & Heald Investment Counsel now owns 20,504 shares of the credit services provider’s stock worth $882,000 after purchasing an additional 105 shares in the last quarter. Institutional investors and hedge funds own 82.55% of the company’s stock.
Shares of PayPal Holdings, Inc. (NASDAQ PYPL) opened at 62.24 on Friday. The stock’s 50 day moving average is $62.37 and its 200-day moving average is $51.37. The company has a market cap of $74.84 billion, a price-to-earnings ratio of 50.19 and a beta of 0.98. PayPal Holdings, Inc. has a 52 week low of $38.06 and a 52 week high of $63.26. PayPal Holdings also was the recipient of unusually large options trading activity on Wednesday. Traders bought 3,225 call options on the company. This represents an increase of 657% compared to the average volume of 426 call options.
PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.09 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 earnings per share. On average, equities analysts anticipate that PayPal Holdings, Inc. will post $1.83 earnings per share for the current year.
In other news, EVP Gary J. Marino sold 1,351 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $59.00, for a total value of $79,709.00. Following the transaction, the executive vice president now directly owns 37,492 shares in the company, valued at $2,212,028. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John J. Donahoe sold 170,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $58.18, for a total transaction of $9,890,600.00. Following the completion of the transaction, the director now owns 124,516 shares in the company, valued at $7,244,340.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 262,702 shares of company stock worth $15,375,804. Company insiders own 6.00% of the company’s stock.
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PYPL has been the topic of several recent analyst reports. Sanford C. Bernstein upgraded shares of PayPal Holdings from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $46.00 to $61.00 in a research note on Monday, July 10th. Stephens restated an “overweight” rating and set a $59.00 price objective (up previously from $51.00) on shares of PayPal Holdings in a research report on Monday, June 19th. Loop Capital restated a “hold” rating and set a $49.00 price objective on shares of PayPal Holdings in a research report on Wednesday, July 12th. Barclays PLC raised their price objective on shares of PayPal Holdings from $63.00 to $66.00 and gave the company an “overweight” rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $65.00 price objective on shares of PayPal Holdings in a research report on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $59.93.
PayPal Holdings 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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