PayPal Holdings, Inc. (PYPL) is Levy Harkins & Co. Inc.’s 6th Largest Position

Levy Harkins & Co. Inc. decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 304,244 shares of the credit services provider’s stock after selling 3,560 shares during the period. PayPal Holdings comprises approximately 5.7% of Levy Harkins & Co. Inc.’s portfolio, making the stock its 6th largest position. Levy Harkins & Co. Inc.’s holdings in PayPal Holdings were worth $16,329,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the company. Thompson Davis & CO. Inc. boosted its stake in shares of 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 in the last quarter. Crestwood Advisors Group LLC purchased a new stake in shares of PayPal Holdings during the first quarter worth approximately $106,000. Carroll Financial Associates Inc. boosted its stake in shares of 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 in the last quarter. Stelac Advisory Services LLC purchased a new stake in shares of PayPal Holdings during the first quarter worth approximately $119,000. Finally, Clean Yield Group purchased a new stake in shares of PayPal Holdings during the first quarter worth approximately $127,000. 81.31% of the stock is owned by institutional investors.

PayPal Holdings, Inc. (PYPL) traded up 0.22% on Friday, reaching $58.15. The company had a trading volume of 3,481,488 shares. PayPal Holdings, Inc. has a 52-week low of $36.30 and a 52-week high of $61.30. The stock has a 50 day moving average price of $56.89 and a 200 day moving average price of $48.35. The stock has a market capitalization of $69.92 billion, a PE ratio of 46.90 and a beta of 0.99.

PayPal Holdings (NASDAQ:PYPL) last announced its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the business earned $0.36 earnings per share. PayPal Holdings’s revenue was up 18.3% compared to the same quarter last year. Analysts expect that PayPal Holdings, Inc. will post $1.84 EPS for the current year.

PayPal Holdings announced that its Board of Directors has initiated a share buyback program on Wednesday, April 26th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the credit services provider to reacquire up to 9.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

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A number of analysts have commented on the company. UBS AG reaffirmed a “neutral” rating and set a $48.00 price target (up previously from $44.00) on shares of PayPal Holdings in a research report on Friday, April 28th. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating and set a $72.00 price target (up previously from $60.00) 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 price target (up previously from $59.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Vetr raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 price target for the company in a research report on Thursday. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $67.00 price target (up previously from $62.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $59.49.

In related news, EVP Gary J. Marino sold 1,350 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $52.48, for a total transaction of $70,848.00. Following the sale, the executive vice president now owns 37,491 shares in the company, valued at $1,967,527.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Gary J. Marino sold 1,351 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $59.00, for a total transaction of $79,709.00. Following the sale, the executive vice president now owns 37,492 shares in the company, valued at approximately $2,212,028. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,852 shares of company stock worth $5,653,198. 6.00% of the stock is owned by company insiders.

About PayPal Holdings

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

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