PayPal Holdings, Inc. (PYPL) Stake Maintained by B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund
B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund held its position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,318 shares of the credit services provider’s stock at the end of the second quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in PayPal Holdings were worth $339,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. increased its position in 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 purchasing an additional 58,026,239 shares during the period. FMR LLC increased its position in 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 purchasing an additional 13,296,056 shares during the period. American Century Companies Inc. increased its position in PayPal Holdings by 100.7% in the second quarter. American Century Companies Inc. now owns 8,080,639 shares of the credit services provider’s stock worth $433,688,000 after purchasing an additional 4,054,993 shares during the period. Epoch Investment Partners Inc. acquired a new stake in PayPal Holdings in the first quarter worth about $116,856,000. Finally, Vanguard Group Inc. increased its position in 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 purchasing an additional 2,549,683 shares during the period. 82.55% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently commented on PYPL shares. Zacks Investment Research upgraded PayPal Holdings from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Wednesday, July 19th. BidaskClub upgraded PayPal Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Stifel Nicolaus lowered PayPal Holdings from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $51.05 to $51.00 in a research report on Thursday, May 25th. They noted that the move was a valuation call. Craig Hallum set a $65.00 price objective on PayPal Holdings and gave the stock a “buy” rating in a research report on Wednesday, June 28th. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of PayPal Holdings in a research report on Tuesday, September 5th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $59.93.
In other news, COO William J. Ready sold 90,000 shares of the firm’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 value of $5,332,500.00. Following the transaction, the chief operating officer now owns 29,252 shares in the company, valued at $1,733,181. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John J. Donahoe sold 170,000 shares of the firm’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 in the company, valued at approximately $7,244,340.88. The disclosure for this sale can be found here. Insiders sold 262,702 shares of company stock worth $15,375,804 in the last 90 days. Corporate insiders own 6.00% of the company’s stock.
Shares of PayPal Holdings, Inc. (PYPL) opened at 62.56 on Wednesday. The company has a market cap of $75.22 billion, a PE ratio of 50.45 and a beta of 0.98. PayPal Holdings, Inc. has a 52 week low of $38.06 and a 52 week high of $63.26. The stock’s 50 day moving average price is $62.64 and its 200-day moving average price is $45.51.
PayPal Holdings (NASDAQ:PYPL) last posted its 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 return on equity of 11.10% and a net margin of 12.82%. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the company earned $0.36 earnings per share. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. Analysts expect that PayPal Holdings, Inc. will post $1.83 EPS for the current year.
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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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