Lakeview Capital Partners LLC Invests $224,000 in PayPal Holdings, Inc. (PYPL)
Lakeview Capital Partners LLC acquired a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,172 shares of the credit services provider’s stock, valued at approximately $224,000.
Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of 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 during the last quarter. FMR LLC raised its position 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 period. BlackRock Inc. raised its position in shares of PayPal Holdings by 2,792.8% in the first quarter. BlackRock Inc. now owns 60,103,922 shares of the credit services provider’s stock worth $2,585,670,000 after buying an additional 58,026,239 shares during the period. Edgewood Management LLC raised its position in shares of PayPal Holdings by 3.7% in the first quarter. Edgewood Management LLC now owns 18,568,508 shares of the credit services provider’s stock worth $798,817,000 after buying an additional 663,087 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of 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 during the period. Institutional investors and hedge funds own 82.55% of the company’s stock.
PayPal Holdings, Inc. (NASDAQ PYPL) opened at 61.01 on Wednesday. The stock’s 50 day moving average is $58.61 and its 200 day moving average is $49.86. PayPal Holdings, Inc. has a 52 week low of $36.30 and a 52 week high of $61.30. The company has a market capitalization of $73.36 billion, a PE ratio of 49.20 and a beta of 0.99.
PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.03. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.09 billion. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.36 earnings per share. Analysts predict that PayPal Holdings, Inc. will post $1.83 EPS for the current fiscal year.
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A number of equities analysts recently issued reports on the stock. Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $67.00 target price on shares of PayPal Holdings in a research report on Tuesday. Royal Bank Of Canada reaffirmed a “buy” rating and set a $65.00 target price on shares of PayPal Holdings in a research report on Tuesday. Vetr raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 target price on the stock in a research report on Thursday, August 10th. Zacks Investment Research lowered shares of PayPal Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $70.00 target price on shares of PayPal Holdings in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company’s stock. PayPal Holdings presently has an average rating of “Buy” and an average target price of $59.80.
In other PayPal Holdings news, Director John J. Donahoe sold 170,000 shares of PayPal Holdings stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $58.18, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO William J. Ready sold 90,000 shares of PayPal Holdings stock in a transaction on Monday, July 31st. The shares were sold at an average price of $59.25, for a total value of $5,332,500.00. Following the transaction, the chief operating officer now owns 29,252 shares of the company’s stock, valued at approximately $1,733,181. The disclosure for this sale can be found here. Insiders have sold 265,852 shares of company stock valued at $15,543,798 in the last quarter. 6.00% of the stock is owned by company insiders.
PayPal Holdings Company 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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