Mosaic Family Wealth LLC cut its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 8.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,903 shares of the credit services provider’s stock after selling 1,500 shares during the period. Mosaic Family Wealth LLC’s holdings in PayPal Holdings were worth $1,082,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PYPL. Concert Wealth Management Inc. purchased a new position in PayPal Holdings during the first quarter valued at $2,189,000. Neuberger Berman Group LLC lifted its position in PayPal Holdings by 33.6% during the first quarter. Neuberger Berman Group LLC now owns 3,156,592 shares of the credit services provider’s stock valued at $135,797,000 after purchasing an additional 794,274 shares in the last quarter. Tredje AP fonden lifted its position in shares of PayPal Holdings by 12.2% in the first quarter. Tredje AP fonden now owns 152,177 shares of the credit services provider’s stock valued at $6,547,000 after acquiring an additional 16,492 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its position in shares of PayPal Holdings by 4.7% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 33,905 shares of the credit services provider’s stock valued at $1,459,000 after acquiring an additional 1,530 shares in the last quarter. Finally, Jupiter Asset Management Ltd. lifted its position in shares of PayPal Holdings by 21.7% in the first quarter. Jupiter Asset Management Ltd. now owns 296,000 shares of the credit services provider’s stock valued at $12,734,000 after acquiring an additional 52,700 shares in the last quarter. Institutional investors own 82.35% of the company’s stock.
Shares of PayPal Holdings, Inc. (NASDAQ PYPL) opened at 72.84 on Wednesday. The stock has a market cap of $87.58 billion, a price-to-earnings ratio of 58.74 and a beta of 0.98. The firm’s 50-day moving average price is $66.30 and its 200-day moving average price is $66.07. PayPal Holdings, Inc. has a 12-month low of $38.06 and a 12-month high of $72.99.
PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.18 billion. PayPal Holdings had a net margin of 12.69% and a return on equity of 11.33%. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 earnings per share. On average, analysts forecast that PayPal Holdings, Inc. will post $1.87 EPS for the current fiscal year.
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In other PayPal Holdings news, Director John J. Donahoe sold 170,000 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $58.18, for a total value of $9,890,600.00. Following the completion of the transaction, the director now owns 124,516 shares in the company, valued at $7,244,340.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.00% of the company’s stock.
PYPL has been the topic of several research analyst reports. Deutsche Bank AG restated a “buy” rating and issued a $61.00 price objective (up from $52.00) on shares of PayPal Holdings in a research report on Tuesday, July 18th. Jefferies Group LLC restated a “buy” rating and issued a $61.00 price objective on shares of PayPal Holdings in a research report on Friday, July 14th. Royal Bank Of Canada restated a “buy” rating and issued a $52.00 price objective on shares of PayPal Holdings in a research report on Wednesday, July 5th. Vetr upgraded PayPal Holdings from a “hold” rating to a “buy” rating and set a $55.01 price objective on the stock in a research report on Tuesday, July 4th. Finally, Zacks Investment Research upgraded PayPal Holdings from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Wednesday, July 19th. Nine analysts have rated the stock with a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company. PayPal Holdings has an average rating of “Buy” and a consensus price target of $69.85.
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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