Rosenblum Silverman Sutton S F Inc. CA boosted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 22.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,896 shares of the credit services provider’s stock after buying an additional 14,000 shares during the period. Rosenblum Silverman Sutton S F Inc. CA’s holdings in PayPal Holdings were worth $3,265,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised its stake in shares of PayPal Holdings by 236.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 14,586 shares of the credit services provider’s stock valued at $627,000 after buying an additional 10,250 shares in the last quarter. Comerica Bank raised its stake in PayPal Holdings by 2.3% in the first quarter. Comerica Bank now owns 466,588 shares of the credit services provider’s stock valued at $21,999,000 after buying an additional 10,270 shares during the period. Clean Yield Group acquired a new stake in PayPal Holdings during the first quarter valued at about $127,000. Checchi Capital Advisers LLC raised its stake in PayPal Holdings by 8.6% in the first quarter. Checchi Capital Advisers LLC now owns 12,907 shares of the credit services provider’s stock valued at $555,000 after buying an additional 1,025 shares during the period. Finally, Wealthfront Inc. raised its stake in PayPal Holdings by 4.1% in the fourth quarter. Wealthfront Inc. now owns 30,944 shares of the credit services provider’s stock valued at $1,221,000 after buying an additional 1,214 shares during the period. 81.31% of the stock is currently owned by institutional investors.
PayPal Holdings, Inc. (PYPL) opened at 58.04 on Friday. PayPal Holdings, Inc. has a one year low of $36.30 and a one year high of $61.30. The firm has a 50-day moving average of $57.01 and a 200-day moving average of $48.47. The company has a market capitalization of $69.79 billion, a P/E ratio of 46.81 and a beta of 0.99.
PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. PayPal Holdings’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 EPS. On average, analysts anticipate that PayPal Holdings, Inc. will post $1.84 earnings per share for the current year.
PayPal Holdings announced that its Board of Directors has authorized a stock repurchase program on Wednesday, April 26th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the credit services provider to reacquire up to 9.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.
Several analysts have recently issued reports on the stock. Vetr raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 price target on the stock in a research report on Thursday. Zacks Investment Research cut shares of PayPal Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $70.00 price objective on shares of PayPal Holdings in a research note on Friday, July 28th. Piper Jaffray Companies reissued a “hold” rating and issued a $57.00 price target on shares of PayPal Holdings in a research note on Friday, July 28th. Finally, Loop Capital reissued a “hold” rating and issued a $51.00 price target (up previously from $49.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $59.49.
In other news, EVP Gary J. Marino sold 1,351 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,212,028. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO William J. Ready sold 90,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $59.25, for a total value of $5,332,500.00. Following the sale, the chief operating officer now directly owns 29,252 shares in the company, valued at approximately $1,733,181. The disclosure for this sale can be found here. Insiders sold a total of 95,852 shares of company stock worth $5,653,198 in the last ninety days. 6.00% of the stock is owned by corporate 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.
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