PayPal Holdings, Inc. (PYPL) Shares Sold by Geneva Advisors LLC
Geneva Advisors LLC cut its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,572 shares of the credit services provider’s stock after selling 100 shares during the quarter. Geneva Advisors LLC’s holdings in PayPal Holdings were worth $245,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in PYPL. Thompson Davis & CO. Inc. boosted its holdings 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 purchasing an additional 649 shares during the last quarter. Stelac Advisory Services LLC purchased a new stake in PayPal Holdings in the first quarter valued at $119,000. Clean Yield Group purchased a new stake in PayPal Holdings in the first quarter valued at $127,000. Archford Capital Strategies LLC boosted its holdings 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 purchasing an additional 1,281 shares during the last quarter. Finally, First Personal Financial Services boosted its holdings 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 purchasing an additional 1,479 shares during the last quarter. 82.55% of the stock is currently owned by hedge funds and other institutional investors.
Shares of PayPal Holdings, Inc. (PYPL) opened at 62.64 on Tuesday. The stock has a 50 day moving average of $59.80 and a 200 day moving average of $51.15. The stock has a market cap of $75.32 billion, a PE ratio of 50.52 and a beta of 0.98. PayPal Holdings, Inc. has a 1-year low of $37.54 and a 1-year high of $63.26.
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, beating analysts’ consensus estimates of $0.43 by $0.03. The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.09 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The company’s revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 earnings per share. Equities research analysts forecast that PayPal Holdings, Inc. will post $1.83 EPS for the current year.
In other news, Director John J. Donahoe sold 170,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $58.18, for a total value of $9,890,600.00. Following the completion of the transaction, the director now owns 124,516 shares of the company’s stock, valued at $7,244,340.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 transaction of $72,994.53. Following the completion of the transaction, the executive vice president now directly owns 37,491 shares of the company’s stock, valued at approximately $2,025,638.73. The disclosure for this sale can be found here. In the last three months, insiders sold 262,702 shares of company stock valued at $15,375,804. Company insiders own 6.00% of the company’s stock.
Several research firms have commented on PYPL. Stephens reaffirmed an “overweight” rating and issued a $59.00 price target (up from $51.00) on shares of PayPal Holdings in a report on Monday, June 19th. Vetr raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $51.23 price target on the stock in a report on Wednesday, May 17th. Citigroup Inc. reaffirmed a “buy” rating and issued a $62.00 price target (up from $52.00) on shares of PayPal Holdings in a report on Friday, June 9th. Instinet reaffirmed a “buy” rating and issued a $54.00 price target on shares of PayPal Holdings in a report on Friday, May 19th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $49.00 price target (up from $44.00) on shares of PayPal Holdings in a report on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, eleven have issued 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 a consensus 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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