Lenox Wealth Advisors LLC increased its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 37.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,195 shares of the credit services provider’s stock after purchasing an additional 596 shares during the period. Lenox Wealth Advisors LLC’s holdings in Paypal were worth $228,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of PYPL. Vanguard Group Inc. lifted its holdings in Paypal by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 86,484,524 shares of the credit services provider’s stock worth $7,596,801,000 after buying an additional 3,056,620 shares in the last quarter. Vanguard Group Inc grew its position in Paypal by 3.7% during the 3rd quarter. Vanguard Group Inc now owns 86,484,524 shares of the credit services provider’s stock worth $7,596,801,000 after purchasing an additional 3,056,620 shares during the last quarter. BlackRock Inc. grew its position in Paypal by 1.9% during the 4th quarter. BlackRock Inc. now owns 74,772,548 shares of the credit services provider’s stock worth $6,287,624,000 after purchasing an additional 1,393,628 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in Paypal by 7,419.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 19,412,765 shares of the credit services provider’s stock worth $231,000 after purchasing an additional 19,154,611 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Paypal by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 14,422,120 shares of the credit services provider’s stock worth $1,210,539,000 after purchasing an additional 851,398 shares during the last quarter. 81.33% of the stock is owned by institutional investors and hedge funds.
In related news, insider Daniel H. Schulman sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $91.49, for a total value of $2,744,700.00. Following the completion of the sale, the insider now directly owns 304,826 shares in the company, valued at $27,888,530.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Adele Louise Pentland sold 74,021 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $97.08, for a total transaction of $7,185,958.68. Following the completion of the sale, the executive vice president now owns 162,735 shares of the company’s stock, valued at $15,798,313.80. The disclosure for this sale can be found here. In the last three months, insiders sold 280,295 shares of company stock valued at $26,469,952. Company insiders own 0.20% of the company’s stock.
PYPL stock opened at $108.48 on Monday. The stock has a market cap of $124.79 billion, a P/E ratio of 60.60, a P/E/G ratio of 2.70 and a beta of 1.03. Paypal Holdings Inc has a 52 week low of $70.22 and a 52 week high of $108.54.
Paypal (NASDAQ:PYPL) last announced its earnings results on Wednesday, January 30th. The credit services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The company had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.23 billion. Paypal had a net margin of 13.31% and a return on equity of 14.67%. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 earnings per share. As a group, analysts forecast that Paypal Holdings Inc will post 2.21 EPS for the current year.
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PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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