PayPal Holdings, Inc. (PYPL) Position Maintained by Carroll Financial Associates Inc.

Carroll Financial Associates Inc. maintained its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the second quarter, Holdings Channel reports. The fund owned 2,516 shares of the credit services provider’s stock at the end of the second quarter. Carroll Financial Associates Inc.’s holdings in PayPal Holdings were worth $135,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Raymond James Trust N.A. raised its stake in PayPal Holdings by 1.3% in the first quarter. Raymond James Trust N.A. now owns 11,349 shares of the credit services provider’s stock valued at $488,000 after buying an additional 150 shares during the last quarter. Creative Planning raised its stake in PayPal Holdings by 2.7% in the first quarter. Creative Planning now owns 29,044 shares of the credit services provider’s stock valued at $1,249,000 after buying an additional 776 shares during the last quarter. Sheets Smith Wealth Management raised its stake in PayPal Holdings by 1.0% in the first quarter. Sheets Smith Wealth Management now owns 7,715 shares of the credit services provider’s stock valued at $332,000 after buying an additional 75 shares during the last quarter. Chesley Taft & Associates LLC raised its stake in PayPal Holdings by 3.3% in the first quarter. Chesley Taft & Associates LLC now owns 7,480 shares of the credit services provider’s stock valued at $322,000 after buying an additional 240 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in PayPal Holdings by 24.0% in the first quarter. Bank of Montreal Can now owns 1,815,415 shares of the credit services provider’s stock valued at $78,099,000 after buying an additional 351,487 shares during the last quarter. 81.31% of the stock is owned by hedge funds and other institutional investors.

Shares of PayPal Holdings, Inc. (PYPL) traded up 0.07% during mid-day trading on Friday, reaching $58.06. The company had a trading volume of 4,205,691 shares. The stock’s 50-day moving average price is $56.89 and its 200 day moving average price is $48.35. The company has a market capitalization of $69.81 billion, a PE ratio of 46.82 and a beta of 0.99. PayPal Holdings, Inc. has a 1-year low of $36.30 and a 1-year high of $61.30.

PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings data 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. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. Equities analysts expect that PayPal Holdings, Inc. will post $1.84 EPS for the current year.

PayPal Holdings declared that its Board of Directors has approved a stock buyback plan 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 plans are generally an indication that the company’s leadership believes its stock is undervalued.

ILLEGAL ACTIVITY WARNING: This story was originally reported by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark legislation. The original version of this story can be read at https://www.com-unik.info/2017/08/11/paypal-holdings-inc-pypl-position-maintained-by-carroll-financial-associates-inc.html.

PYPL has been the subject of several research reports. Piper Jaffray Companies reaffirmed an “underweight” rating and set a $41.00 price target on shares of PayPal Holdings in a research report on Friday, April 14th. Credit Suisse Group reaffirmed an “outperform” rating and set a $47.00 price target on shares of PayPal Holdings in a research report on Monday, April 17th. Wedbush reaffirmed an “outperform” rating and set a $54.00 price target on shares of PayPal Holdings in a research report on Wednesday, April 19th. Jefferies Group LLC reaffirmed a “buy” rating and set a $52.00 price target on shares of PayPal Holdings in a research report on Wednesday, April 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $49.00 price target on shares of PayPal Holdings in a research report on Sunday, April 23rd. One research 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. The company has an average rating of “Buy” and an average price target of $59.49.

In other news, EVP Gary J. Marino sold 1,350 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $52.48, for a total value of $70,848.00. Following the transaction, the executive vice president now owns 37,491 shares of the company’s stock, valued at approximately $1,967,527.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gail J. Mcgovern sold 1,800 shares of the company’s stock in a transaction 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 completion of 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 sold 95,852 shares of company stock worth $5,653,198. Corporate insiders own 6.00% of the company’s stock.

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.

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)

What are top analysts saying about PayPal Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for PayPal Holdings Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit