Paypal Holdings Inc (NASDAQ:PYPL) Shares Bought by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd boosted its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 7.1% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 359,680 shares of the credit services provider’s stock after buying an additional 23,922 shares during the period. Gulf International Bank UK Ltd’s holdings in Paypal Holdings were worth $19,304,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Thompson Davis & CO. Inc. boosted its stake in Paypal Holdings by 36.7% in the first quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock worth $104,000 after buying an additional 649 shares during the period. Crestwood Advisors Group LLC acquired a new stake in Paypal Holdings during the first quarter worth about $106,000. Carroll Financial Associates Inc. boosted its stake in Paypal Holdings by 41.7% in the first quarter. Carroll Financial Associates Inc. now owns 2,516 shares of the credit services provider’s stock worth $108,000 after buying an additional 740 shares during the period. Stelac Advisory Services LLC acquired a new stake in Paypal Holdings during the first quarter worth about $119,000. Finally, West Oak Capital LLC boosted its stake in Paypal Holdings by 23.9% in the first quarter. West Oak Capital LLC now owns 2,850 shares of the credit services provider’s stock worth $123,000 after buying an additional 550 shares during the period. Institutional investors and hedge funds own 81.31% of the company’s stock.

Paypal Holdings Inc (NASDAQ:PYPL) traded up 0.03% during trading on Friday, reaching $58.04. The company’s stock had a trading volume of 6,962,121 shares. Paypal Holdings Inc has a 12 month low of $36.30 and a 12 month high of $61.30. The company’s 50-day moving average is $56.89 and its 200-day moving average is $48.35. The stock has a market cap of $69.79 billion, a PE ratio of 46.81 and a beta of 0.99.

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 Thomson Reuters’ consensus estimate of $0.43 by $0.03. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. Paypal Holdings had a return on equity of 11.13% and a net margin of 13.11%. The company’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.36 earnings per share. Equities analysts expect that Paypal Holdings Inc will post $1.84 EPS for the current fiscal year.

Paypal Holdings declared that its board has authorized a stock buyback program on Wednesday, April 26th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to buy up to 9.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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A number of research firms have issued reports on PYPL. Barclays PLC lifted their target price on shares of Paypal Holdings from $63.00 to $66.00 and gave the company an “overweight” rating in a research note on Thursday, July 27th. Raymond James Financial, Inc. lifted their price target on shares of Paypal Holdings from $52.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Citigroup Inc. reissued a “buy” rating and issued a $67.00 price target (up previously from $62.00) on shares of Paypal Holdings in a research report on Thursday, July 27th. Robert W. Baird reaffirmed an “outperform” rating and set a $65.00 target price (up previously from $59.00) on shares of Paypal Holdings in a research report on Thursday, July 27th. Finally, Bank of America Corporation reaffirmed a “neutral” rating and set a $62.00 target price (up previously from $58.00) on shares of Paypal Holdings in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company. Paypal Holdings presently has an average rating of “Buy” and an average price target of $59.49.

In related news, EVP Gary J. Marino sold 1,350 shares of Paypal Holdings stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $52.48, for a total transaction of $70,848.00. Following the transaction, the executive vice president now owns 37,491 shares of the company’s stock, valued at $1,967,527.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gail J. Mcgovern sold 1,800 shares of Paypal Holdings stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $53.97, for a total value of $97,146.00. Following the transaction, the director now directly owns 12,647 shares in the company, valued at approximately $682,558.59. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,852 shares of company stock worth $5,653,198. 6.00% of the stock is owned by insiders.

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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