National Asset Management Inc. decreased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 6,576 shares of the credit services provider’s stock after selling 244 shares during the period. National Asset Management Inc.’s holdings in PayPal Holdings were worth $284,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of PYPL. 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 last quarter. Crestwood Advisors Group LLC bought a new stake in PayPal Holdings during the first quarter worth approximately $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 last quarter. Stelac Advisory Services LLC bought a new stake in PayPal Holdings during the first quarter worth approximately $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 last quarter. Institutional investors own 81.54% of the company’s stock.
Shares of PayPal Holdings, Inc. (NASDAQ PYPL) traded up 0.25% during mid-day trading on Friday, reaching $59.44. 4,653,341 shares of the company traded hands. The firm has a 50 day moving average of $57.84 and a 200-day moving average of $49.13. The stock has a market capitalization of $71.47 billion, a PE ratio of 47.94 and a beta of 0.99. PayPal Holdings, Inc. has a 52 week low of $36.30 and a 52 week high of $61.30. PayPal Holdings also saw some unusual options trading on Wednesday. Traders purchased 3,225 call options on the stock. This represents an increase of approximately 657% compared to the typical daily volume of 426 call options.
PayPal Holdings (NASDAQ:PYPL) last posted its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the 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 firm earned $0.36 earnings per share. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. On average, equities research analysts expect that PayPal Holdings, Inc. will post $1.83 EPS for the current fiscal year.
PayPal Holdings announced that its Board of Directors has authorized a share buyback 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 stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
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A number of equities research analysts have commented on PYPL shares. Stifel Nicolaus restated a “buy” rating and issued a $49.00 price target on shares of PayPal Holdings in a report on Sunday, April 23rd. Vetr lowered shares of PayPal Holdings from a “buy” rating to a “hold” rating and set a $45.52 price objective on the stock. in a research note on Tuesday, April 25th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $53.00 price objective (up from $48.00) on shares of PayPal Holdings in a research note on Thursday, April 27th. Royal Bank Of Canada raised their price objective on shares of PayPal Holdings from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. Finally, Piper Jaffray Companies raised shares of PayPal Holdings from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $41.00 to $45.00 in a research note on Thursday, April 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the stock. PayPal Holdings presently has an average rating of “Buy” and an average price target of $59.49.
In other PayPal Holdings news, EVP Gary J. Marino sold 1,350 shares of PayPal Holdings stock in a transaction dated 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 in the company, valued at $1,967,527.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO William J. Ready sold 90,000 shares of PayPal Holdings stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $59.25, for a total value of $5,332,500.00. Following the completion of the transaction, the chief operating officer now owns 29,252 shares in the company, valued at approximately $1,733,181. The disclosure for this sale can be found here. Insiders sold 265,852 shares of company stock worth $15,543,798 in the last quarter. 6.00% of the stock is owned by 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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