Aspiriant LLC Has $1.06 Million Stake in PayPal Holdings, Inc. (PYPL)
Aspiriant LLC decreased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,755 shares of the credit services provider’s stock after selling 2,629 shares during the period. Aspiriant LLC’s holdings in PayPal Holdings were worth $1,060,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Thompson Davis & CO. Inc. boosted its position in shares of 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 worth $104,000 after buying an additional 649 shares during the period. Stelac Advisory Services LLC purchased a new stake in shares of PayPal Holdings in the first quarter worth about $119,000. Clean Yield Group purchased a new stake in shares of PayPal Holdings in the first quarter worth about $127,000. Archford Capital Strategies LLC boosted its position in shares of 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 worth $139,000 after buying an additional 1,281 shares during the period. Finally, First Personal Financial Services boosted its position in shares of 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 worth $150,000 after buying an additional 1,479 shares during the period. 82.55% of the stock is owned by institutional investors.
Shares of PayPal Holdings, Inc. (NASDAQ PYPL) opened at 61.24 on Thursday. The company has a 50-day moving average price of $59.63 and a 200 day moving average price of $51.00. PayPal Holdings, Inc. has a 52-week low of $37.54 and a 52-week high of $62.23. The firm has a market capitalization of $73.63 billion, a PE ratio of 49.39 and a beta of 0.98.
PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the previous year, the company posted $0.36 EPS. PayPal Holdings’s revenue was up 18.3% on a year-over-year basis. Analysts expect that PayPal Holdings, Inc. will post $1.83 EPS for the current fiscal year.
In related news, EVP Gary J. Marino sold 1,351 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $54.03, for a total value of $72,994.53. Following the completion of the transaction, the executive vice president now owns 37,491 shares in the company, valued at approximately $2,025,638.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO William J. Ready sold 90,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the completion of 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 sold a total of 262,702 shares of company stock valued at $15,375,804 in the last 90 days. 6.00% of the stock is currently owned by corporate insiders.
Several brokerages have recently weighed in on PYPL. Vetr raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $55.01 target price for the company in a research report on Tuesday, July 4th. Oppenheimer Holdings, Inc. upped their target price on PayPal Holdings from $50.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Cowen and Company reaffirmed a “market perform” rating and issued a $52.00 target price (up previously from $48.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $52.00 target price on shares of PayPal Holdings in a research report on Wednesday, July 5th. Finally, Instinet upped their target price on PayPal Holdings from $54.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the stock. PayPal Holdings currently has a consensus rating of “Buy” and a consensus target price of $59.93.
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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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