Capital Analysts LLC Acquires 1,241 Shares of PayPal Holdings, Inc. (PYPL)
Capital Analysts LLC raised its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,743 shares of the credit services provider’s stock after purchasing an additional 1,241 shares during the period. Capital Analysts LLC’s holdings in PayPal Holdings were worth $1,060,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in PYPL. Thompson Davis & CO. Inc. increased its stake in PayPal Holdings by 36.7% during 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 bought a new stake in PayPal Holdings during the first quarter valued at $119,000. Clean Yield Group bought a new stake in PayPal Holdings during the first quarter valued at $127,000. Archford Capital Strategies LLC increased its stake in PayPal Holdings by 65.4% during 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 increased its stake in PayPal Holdings by 73.4% during 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. Hedge funds and other institutional investors own 82.55% of the company’s stock.
In other PayPal Holdings news, EVP Gary J. Marino sold 1,351 shares of the firm’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 transaction, the executive vice president now owns 37,491 shares in the company, valued at $2,025,638.73. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director John J. Donahoe sold 170,000 shares of the firm’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 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. In the last 90 days, insiders have sold 262,702 shares of company stock worth $15,375,804. Company insiders own 6.00% of the company’s stock.
PYPL has been the subject of several recent research reports. Sanford C. Bernstein upgraded shares of PayPal Holdings from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $46.00 to $61.00 in a research note on Monday, July 10th. Stephens restated an “overweight” rating and set a $59.00 price target (up previously from $51.00) on shares of PayPal Holdings in a research report on Monday, June 19th. Loop Capital restated a “hold” rating and set a $49.00 price target on shares of PayPal Holdings in a research report on Wednesday, July 12th. Barclays PLC upped their price target on shares of PayPal Holdings from $63.00 to $66.00 and gave the stock an “overweight” rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $65.00 price target on shares of PayPal Holdings in a research report on Tuesday, August 29th. Eleven analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company’s stock. PayPal Holdings currently has an average rating of “Buy” and a consensus target price of $60.54.
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Shares of PayPal Holdings, Inc. (NASDAQ PYPL) opened at 62.50 on Friday. PayPal Holdings, Inc. has a 1-year low of $38.06 and a 1-year high of $63.26. The firm’s 50-day moving average is $62.40 and its 200-day moving average is $53.58. The stock has a market capitalization of $75.15 billion, a price-to-earnings ratio of 50.40 and a beta of 0.98.
PayPal Holdings (NASDAQ:PYPL) last issued its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter last year, the business earned $0.36 earnings per share. The company’s revenue was up 18.3% compared to the same quarter last year. On average, analysts predict that PayPal Holdings, Inc. will post $1.84 earnings per share for the current fiscal year.
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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