Nichols & Pratt Advisers LLP MA Has $461,000 Stake in PayPal Holdings, Inc. (PYPL)
Nichols & Pratt Advisers LLP MA reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,600 shares of the credit services provider’s stock after selling 500 shares during the quarter. Nichols & Pratt Advisers LLP MA’s holdings in PayPal Holdings were worth $461,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in PYPL. 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 valued at $104,000 after acquiring an additional 649 shares during the period. Stelac Advisory Services LLC bought a new position in shares of PayPal Holdings in the first quarter valued at approximately $119,000. Clean Yield Group bought a new position in shares of PayPal Holdings in the first quarter valued at approximately $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 valued at $139,000 after acquiring 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 valued at $150,000 after acquiring an additional 1,479 shares during the period. Institutional investors own 82.55% of the company’s stock.
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In other news, COO William J. Ready sold 90,000 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer now owns 29,252 shares in the company, valued at $1,733,181. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Gary J. Marino sold 1,351 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 37,491 shares in the company, valued at approximately $2,025,638.73. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 262,702 shares of company stock worth $15,375,804. Insiders own 6.00% of the company’s stock.
A number of research firms have recently commented on PYPL. Barclays PLC raised their price objective on shares of PayPal Holdings from $66.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday. Sanford C. Bernstein restated an “outperform” rating and issued a $66.00 price objective (up from $61.00) on shares of PayPal Holdings in a research report on Tuesday, September 5th. Credit Suisse Group restated an “outperform” rating on shares of PayPal Holdings in a research report on Tuesday, September 5th. Jefferies Group LLC restated a “buy” rating and issued a $61.27 price objective (down from $70.00) on shares of PayPal Holdings in a research report on Wednesday, September 6th. Finally, BTIG Research restated a “buy” rating and issued a $70.00 price objective (up from $63.00) on shares of PayPal Holdings in a research report on Wednesday, September 6th. Eleven equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $60.54.
PayPal Holdings, Inc. (NASDAQ PYPL) opened at 62.50 on Friday. The stock has a market capitalization of $75.15 billion, a P/E ratio of 50.40 and a beta of 0.98. The firm’s 50-day moving average is $62.40 and its 200-day moving average is $53.58. PayPal Holdings, Inc. has a 12 month low of $38.06 and a 12 month high of $63.26. PayPal Holdings also was the target of unusually large options trading on Wednesday. Stock traders acquired 3,225 call options on the company. This represents 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 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The firm had revenue of $3.14 billion for 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 business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 earnings per share. On average, equities analysts expect that PayPal Holdings, Inc. will post $1.84 earnings per share for the current fiscal year.
PayPal Holdings Company 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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