Blair William & Co. IL Sells 102,331 Shares of PayPal Holdings, Inc. (PYPL)
Blair William & Co. IL lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,454,137 shares of the credit services provider’s stock after selling 102,331 shares during the period. Blair William & Co. IL owned about 0.12% of PayPal Holdings worth $78,044,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in PYPL. BlackRock Inc. boosted its position in PayPal Holdings by 2,792.8% in the 1st quarter. BlackRock Inc. now owns 60,103,922 shares of the credit services provider’s stock worth $2,585,670,000 after purchasing an additional 58,026,239 shares in the last quarter. FMR LLC boosted its position in PayPal Holdings by 28.2% in the 1st quarter. FMR LLC now owns 60,453,931 shares of the credit services provider’s stock worth $2,600,728,000 after purchasing an additional 13,296,056 shares in the last quarter. Epoch Investment Partners Inc. purchased a new stake in PayPal Holdings in the 1st quarter worth approximately $116,856,000. Vanguard Group Inc. boosted its position in PayPal Holdings by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 75,643,714 shares of the credit services provider’s stock worth $3,254,192,000 after purchasing an additional 2,549,683 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in PayPal Holdings by 117.7% in the 1st quarter. Alliancebernstein L.P. now owns 4,169,635 shares of the credit services provider’s stock worth $179,378,000 after purchasing an additional 2,254,074 shares in the last quarter. Institutional investors and hedge funds own 82.55% of the company’s stock.
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In other PayPal Holdings news, EVP Gary J. Marino sold 1,351 shares of the company’s stock in a transaction dated Monday, July 3rd. The stock was 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 directly owns 37,491 shares in the company, valued at $2,025,638.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John J. Donahoe sold 170,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $58.18, for a total value of $9,890,600.00. Following the sale, the director now owns 124,516 shares of the company’s stock, valued at $7,244,340.88. The disclosure for this sale can be found here. Insiders have sold 262,702 shares of company stock valued at $15,375,804 over the last 90 days. 6.00% of the stock is currently owned by insiders.
PayPal Holdings, Inc. (PYPL) opened at 62.00 on Friday. PayPal Holdings, Inc. has a 12-month low of $37.54 and a 12-month high of $62.23. The stock has a market capitalization of $74.55 billion, a PE ratio of 50.00 and a beta of 0.98. The stock’s 50 day moving average price is $59.74 and its 200-day moving average price is $51.08.
PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.09 billion. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The firm’s revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 earnings per share. Analysts expect that PayPal Holdings, Inc. will post $1.83 earnings per share for the current year.
Several equities research analysts have commented on the company. Sanford C. Bernstein restated an “outperform” rating and issued a $66.00 price objective (up previously from $61.00) on shares of PayPal Holdings in a research report on Tuesday. Credit Suisse Group restated an “outperform” rating on shares of PayPal Holdings in a research report on Tuesday. Jefferies Group LLC restated a “buy” rating and issued a $61.27 price objective (down previously from $70.00) on shares of PayPal Holdings in a research report on Wednesday. BTIG Research restated a “buy” rating and issued a $70.00 price objective (up previously from $63.00) on shares of PayPal Holdings in a research report on Wednesday. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $65.00 price objective on shares of PayPal Holdings in a research report on Tuesday, August 29th. One 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 given a strong buy rating to the stock. PayPal Holdings currently has an average rating of “Buy” and an average price target of $59.93.
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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