Warren Averett Asset Management LLC lowered its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 19.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,210 shares of the credit services provider’s stock after selling 2,180 shares during the quarter. Warren Averett Asset Management LLC’s holdings in PayPal Holdings were worth $590,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. FMR LLC lifted its position in PayPal Holdings by 36.1% during the second quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock valued at $4,415,371,000 after buying an additional 21,814,940 shares during the period. Vanguard Group Inc. lifted its position in PayPal Holdings by 2.8% during the second quarter. Vanguard Group Inc. now owns 77,758,731 shares of the credit services provider’s stock valued at $4,173,311,000 after buying an additional 2,115,017 shares during the period. BlackRock Inc. lifted its position in PayPal Holdings by 4.7% during the second quarter. BlackRock Inc. now owns 62,938,949 shares of the credit services provider’s stock valued at $3,377,936,000 after buying an additional 2,835,027 shares during the period. Edgewood Management LLC lifted its position in PayPal Holdings by 3.7% during the first quarter. Edgewood Management LLC now owns 18,568,508 shares of the credit services provider’s stock valued at $798,817,000 after buying an additional 663,087 shares during the period. Finally, Wellington Management Group LLP lifted its position in PayPal Holdings by 15.4% during the first quarter. Wellington Management Group LLP now owns 14,813,195 shares of the credit services provider’s stock valued at $637,263,000 after buying an additional 1,982,305 shares during the period. 82.35% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently issued reports on PYPL. Zacks Investment Research lowered PayPal Holdings from a “buy” rating to a “hold” rating in a research report on Thursday. Vetr raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $76.80 price target for the company in a research report on Tuesday. Jefferies Group LLC reaffirmed an “outperform” rating and issued a $80.00 price target on shares of PayPal Holdings in a research report on Monday, October 23rd. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $69.00 price target on shares of PayPal Holdings in a research report on Sunday, October 22nd. Finally, Stifel Nicolaus lifted their price target on PayPal Holdings from $61.00 to $70.00 and gave the stock a “hold” rating in a research report on Sunday, October 22nd. Ten analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $69.85.
In other PayPal Holdings news, Director John J. Donahoe sold 170,000 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $58.18, for a total value of $9,890,600.00. Following the transaction, the director now owns 124,516 shares of the company’s stock, valued at approximately $7,244,340.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.00% of the company’s stock.
Shares of PayPal Holdings, Inc. (PYPL) traded up $1.01 during trading on Friday, reaching $73.39. The company’s stock had a trading volume of 6,714,105 shares, compared to its average volume of 10,242,055. The company has a market cap of $86.84 billion, a P/E ratio of 51.61, a P/E/G ratio of 3.00 and a beta of 1.03.
PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.18 billion. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. PayPal Holdings’s quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 EPS. sell-side analysts predict that PayPal Holdings, Inc. will post 1.37 earnings per share for the current fiscal year.
PayPal Holdings 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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