Rosenblum Silverman Sutton S F Inc. CA boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 22.6% during the first quarter, according to its most recent Form 13F filing with the 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 filing with the SEC.
Several other hedge funds have also recently modified their holdings of PYPL. FMR LLC boosted its stake in shares of PayPal Holdings by 28.2% in the first quarter. FMR LLC now owns 60,453,931 shares of the credit services provider’s stock worth $2,600,728,000 after buying an additional 13,296,056 shares during the last quarter. Vanguard Group Inc. boosted its position in PayPal Holdings by 3.5% in the first quarter. Vanguard Group Inc. now owns 75,643,714 shares of the credit services provider’s stock worth $3,254,192,000 after buying an additional 2,549,683 shares in the last quarter. Alliancebernstein L.P. boosted its position in PayPal Holdings by 117.7% in the first quarter. Alliancebernstein L.P. now owns 4,169,635 shares of the credit services provider’s stock worth $179,378,000 after buying an additional 2,254,074 shares in the last quarter. Wellington Management Group LLP boosted its position in PayPal Holdings by 15.4% in the first quarter. Wellington Management Group LLP now owns 14,813,195 shares of the credit services provider’s stock worth $637,263,000 after buying an additional 1,982,305 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its position in PayPal Holdings by 671.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,187,211 shares of the credit services provider’s stock worth $51,074,000 after buying an additional 1,033,291 shares in the last quarter. Institutional investors and hedge funds 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, hitting $59.44. The stock had a trading volume of 4,653,341 shares. The stock has a market capitalization of $71.47 billion, a P/E ratio of 47.94 and a beta of 0.99. The stock has a 50 day moving average of $57.84 and a 200-day moving average of $49.13. 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 bought 3,225 call options on the stock. This is 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 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 the consensus estimate of $3.09 billion. During the same quarter in the prior year, the business earned $0.36 earnings per share. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, equities research analysts predict that PayPal Holdings, Inc. will post $1.83 earnings per share for the current year.
PayPal Holdings announced that its Board of Directors has initiated a share buyback program on Wednesday, April 26th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to reacquire up to 9.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.
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PYPL has been the subject of a number of analyst reports. BTIG Research upped their price target on PayPal Holdings from $48.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Sanford C. Bernstein upgraded PayPal Holdings from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $46.00 to $61.00 in a report on Monday, July 10th. Monness Crespi & Hardt upped their target price on PayPal Holdings from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, April 27th. Vetr raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $51.23 target price on the stock in a research report on Wednesday, May 17th. Finally, Cowen and Company upped their target price on PayPal Holdings from $39.00 to $42.00 and gave the company a “market perform” rating in a research report on Friday, April 28th. One equities 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 assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $59.49.
In related news, EVP Gary J. Marino sold 1,350 shares of the 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 sale, 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, COO William J. Ready sold 90,000 shares of the stock in a transaction that occurred on 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 265,852 shares of company stock worth $15,543,798 in the last ninety days. 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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