Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 308 Shares of PayPal Holdings, Inc. (PYPL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,998 shares of the credit services provider’s stock after selling 308 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in PayPal Holdings were worth $4,455,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PYPL. Bangor Savings Bank increased its stake in PayPal Holdings by 0.3% in the first quarter. Bangor Savings Bank now owns 12,480 shares of the credit services provider’s stock valued at $537,000 after purchasing an additional 34 shares in the last quarter. Guardian Life Insurance Co. of America increased its stake in PayPal Holdings by 0.9% in the first quarter. Guardian Life Insurance Co. of America now owns 4,338 shares of the credit services provider’s stock valued at $187,000 after purchasing an additional 38 shares in the last quarter. Apriem Advisors increased its stake in PayPal Holdings by 0.6% in the second quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock valued at $451,000 after purchasing an additional 52 shares in the last quarter. Sigma Planning Corp increased its stake in PayPal Holdings by 0.4% in the second quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock valued at $903,000 after purchasing an additional 74 shares in the last quarter. Finally, Train Babcock Advisors LLC increased its stake in PayPal Holdings by 1.6% in the second quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock valued at $292,000 after purchasing an additional 86 shares in the last quarter. 82.46% of the stock is owned by institutional investors and hedge funds.

PayPal Holdings, Inc. (NASDAQ:PYPL) opened at 64.74 on Thursday. The company has a market capitalization of $77.84 billion, a price-to-earnings ratio of 52.21 and a beta of 0.98. The stock has a 50 day moving average of $62.68 and a 200 day moving average of $62.68. PayPal Holdings, Inc. has a 12 month low of $38.06 and a 12 month high of $64.87.

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

In related news, Director John J. Donahoe sold 170,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Gary J. Marino sold 1,351 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $54.03, for a total transaction of $72,994.53. Following the completion of the transaction, the executive vice president now directly owns 37,491 shares in the company, valued at $2,025,638.73. The disclosure for this sale can be found here. Insiders sold a total of 262,702 shares of company stock worth $15,375,804 over the last three months. 6.00% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: This news story was first published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://www.chaffeybreeze.com/2017/09/21/commonwealth-of-pennsylvania-public-school-empls-retrmt-sys-sells-308-shares-of-paypal-holdings-inc-pypl.html.

Several brokerages have commented on PYPL. KeyCorp reaffirmed a “buy” rating and issued a $70.00 target price (up previously from $66.00) on shares of PayPal Holdings in a research note on Monday. Barclays PLC upped their target price on shares of PayPal Holdings from $66.00 to $69.00 and gave the company an “overweight” rating in a research note on Friday, September 15th. BTIG Research reaffirmed a “buy” rating and issued a $70.00 target price (up previously from $63.00) on shares of PayPal Holdings in a research note on Wednesday, September 6th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $61.27 target price (down previously from $70.00) on shares of PayPal Holdings in a research note on Wednesday, September 6th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $66.00 target price (up previously from $61.00) on shares of PayPal Holdings in a research note on Tuesday, September 5th. Eleven analysts have rated the stock with a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $60.78.

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.

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL).

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

Receive News & Ratings for PayPal Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply