WestEnd Advisors LLC Sells 118,065 Shares of Paypal Holdings Inc. (PYPL)
WestEnd Advisors LLC reduced its position in shares of Paypal Holdings Inc. (NASDAQ:PYPL) by 4.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,543,614 shares of the company’s stock after selling 118,065 shares during the period. Paypal Holdings comprises about 4.9% of WestEnd Advisors LLC’s investment portfolio, making the stock its 14th largest position. WestEnd Advisors LLC owned about 0.22% of Paypal Holdings worth $92,867,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Jackson Square Partners LLC boosted its stake in Paypal Holdings by 9.7% in the first quarter. Jackson Square Partners LLC now owns 23,681,753 shares of the company’s stock valued at $1,050,603,000 after buying an additional 2,102,685 shares in the last quarter. Orbis Allan Gray Ltd purchased a new stake in Paypal Holdings during the first quarter valued at $606,807,000. Geode Capital Management LLC boosted its stake in Paypal Holdings by 2.1% in the first quarter. Geode Capital Management LLC now owns 9,423,035 shares of the company’s stock valued at $363,025,000 after buying an additional 196,598 shares in the last quarter. Primecap Management Co. CA boosted its stake in Paypal Holdings by 0.7% in the first quarter. Primecap Management Co. CA now owns 6,730,700 shares of the company’s stock valued at $259,805,000 after buying an additional 48,500 shares in the last quarter. Finally, Harding Loevner LP boosted its stake in Paypal Holdings by 15.7% in the second quarter. Harding Loevner LP now owns 5,485,331 shares of the company’s stock valued at $200,269,000 after buying an additional 742,916 shares in the last quarter. 78.60% of the stock is owned by institutional investors.
Shares of Paypal Holdings Inc. (NASDAQ:PYPL) traded up 0.89% during trading on Tuesday, reaching $39.83. The company’s stock had a trading volume of 5,387,357 shares. The firm has a market cap of $47.08 billion, a P/E ratio of 36.21 and a beta of 1.09. Paypal Holdings Inc. has a one year low of $30.52 and a one year high of $41.75. The stock’s 50 day moving average is $39.46 and its 200 day moving average is $38.45.
Paypal Holdings (NASDAQ:PYPL) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.36 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.36. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. During the same period in the previous year, the firm earned $0.32 EPS. On average, equities analysts forecast that Paypal Holdings Inc. will post $1.50 EPS for the current fiscal year.
Several research firms recently weighed in on PYPL. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Paypal Holdings in a research report on Saturday, July 9th. Deutsche Bank AG reissued a “buy” rating on shares of Paypal Holdings in a research note on Sunday, July 17th. Evercore ISI assumed coverage on Paypal Holdings in a research note on Tuesday. They set a “buy” rating and a $46.00 target price for the company. BTIG Research reissued a “buy” rating and set a $48.00 target price on shares of Paypal Holdings in a research note on Tuesday. Finally, Credit Agricole SA reissued an “underperform” rating and set a $38.00 target price on shares of Paypal Holdings in a research note on Wednesday, June 29th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $44.73.
In other news, EVP Gary J. Marino sold 1,726 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $40.87, for a total transaction of $70,541.62. Following the transaction, the executive vice president now directly owns 44,505 shares of the company’s stock, valued at $1,818,919.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP William J. Ready sold 26,037 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $38.04, for a total value of $990,447.48. Following the transaction, the senior vice president now directly owns 105,906 shares in the company, valued at $4,028,664.24. The disclosure for this sale can be found here. 7.00% of the stock is owned by company insiders.
Paypal Holdings Company Profile
PayPal Holdings, Inc (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.
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