PayPal Holdings, Inc. (PYPL) Stake Cut by Boston Partners
Boston Partners cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 19.5% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,905,957 shares of the credit services provider’s stock after selling 460,685 shares during the period. Boston Partners owned approximately 0.16% of PayPal Holdings worth $102,292,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thompson Davis & CO. Inc. boosted its position in PayPal Holdings by 36.7% in the first quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock valued at $104,000 after buying an additional 649 shares during the period. Stelac Advisory Services LLC purchased a new position in PayPal Holdings during the first quarter valued at approximately $119,000. Clean Yield Group purchased a new position in PayPal Holdings during the first quarter valued at approximately $127,000. Archford Capital Strategies LLC boosted its position in PayPal Holdings by 65.4% in the first quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock valued at $139,000 after buying an additional 1,281 shares during the period. Finally, First Personal Financial Services boosted its position in PayPal Holdings by 73.4% in the first quarter. First Personal Financial Services now owns 3,494 shares of the credit services provider’s stock valued at $150,000 after buying an additional 1,479 shares during the period. Hedge funds and other institutional investors own 82.55% of the company’s stock.
PayPal Holdings, Inc. (PYPL) opened at 61.68 on Friday. The stock’s 50 day moving average is $59.30 and its 200 day moving average is $50.45. PayPal Holdings, Inc. has a 52 week low of $36.30 and a 52 week high of $62.03. The firm has a market cap of $74.16 billion, a price-to-earnings ratio of 49.74 and a beta of 0.99. PayPal Holdings also was the recipient of some unusual options trading activity on Wednesday. Investors acquired 3,225 call options on the company. This is an increase of approximately 657% compared to the typical daily volume of 426 call options.
PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the previous year, the firm posted $0.36 earnings per share. The business’s revenue was up 18.3% on a year-over-year basis. Equities research analysts expect that PayPal Holdings, Inc. will post $1.83 EPS for the current year.
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PYPL has been the subject of a number of research analyst reports. TheStreet raised shares of PayPal Holdings from a “c” rating to a “b-” rating in a research note on Monday, July 3rd. Citigroup Inc. reaffirmed a “buy” rating and issued a $62.00 price target (up from $52.00) on shares of PayPal Holdings in a research note on Friday, June 9th. BidaskClub lowered shares of PayPal Holdings from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Instinet upped their price target on shares of PayPal Holdings from $54.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, June 6th. Finally, Vetr raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $51.23 price target for the company in a research note on Wednesday, May 17th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $59.80.
In other news, Director Gail J. Mcgovern sold 1,800 shares of PayPal Holdings stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $53.97, for a total value of $97,146.00. Following the sale, the director now directly owns 12,647 shares in the company, valued at $682,558.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gary J. Marino sold 1,351 shares of PayPal Holdings stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $54.03, for a total transaction of $72,994.53. Following the completion of the sale, the executive vice president now owns 37,491 shares in the company, valued at $2,025,638.73. The disclosure for this sale can be found here. In the last ninety days, insiders sold 264,502 shares of company stock worth $15,472,950. Insiders own 6.00% of the company’s stock.
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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