PayPal Holdings, Inc. (PYPL) Position Increased by Newman Dignan & Sheerar Inc.
Newman Dignan & Sheerar Inc. boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,583 shares of the credit services provider’s stock after acquiring an additional 200 shares during the period. Newman Dignan & Sheerar Inc.’s holdings in PayPal Holdings were worth $461,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in PYPL. Thompson Davis & CO. Inc. raised its position in PayPal Holdings by 36.7% in the 1st quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock worth $104,000 after buying an additional 649 shares during the last quarter. Stelac Advisory Services LLC purchased a new position in PayPal Holdings in the 1st quarter worth about $119,000. Clean Yield Group purchased a new position in PayPal Holdings in the 1st quarter worth about $127,000. Archford Capital Strategies LLC raised its position in PayPal Holdings by 65.4% in the 1st quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock worth $139,000 after buying an additional 1,281 shares during the last quarter. Finally, First Personal Financial Services raised its position in PayPal Holdings by 73.4% in the 1st quarter. First Personal Financial Services now owns 3,494 shares of the credit services provider’s stock worth $150,000 after buying an additional 1,479 shares during the last quarter. Institutional investors and hedge funds own 82.46% of the company’s stock.
In other news, 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 transaction of $9,890,600.00. Following the completion of the transaction, the director now directly owns 124,516 shares of the company’s stock, valued at approximately $7,244,340.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $72,994.53. Following the transaction, the executive vice president now directly owns 37,491 shares of the company’s stock, valued at $2,025,638.73. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 262,702 shares of company stock valued at $15,375,804. Insiders own 6.00% of the company’s stock.
PYPL has been the subject of a number of recent analyst reports. Sanford C. Bernstein raised PayPal Holdings from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $46.00 to $61.00 in a research report on Monday, July 10th. Stephens reissued an “overweight” rating and issued a $59.00 target price (up previously from $51.00) on shares of PayPal Holdings in a research report on Monday, June 19th. Loop Capital reissued a “hold” rating and issued a $49.00 target price on shares of PayPal Holdings in a research report on Wednesday, July 12th. Barclays PLC boosted their target price on 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 reissued a “buy” rating and issued a $65.00 target price on shares of PayPal Holdings in a research report on Tuesday, August 29th. Eleven research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the stock. PayPal Holdings has a consensus rating of “Buy” and a consensus target price of $60.54.
Shares of PayPal Holdings, Inc. (NASDAQ PYPL) opened at 62.50 on Monday. PayPal Holdings, Inc. has a one year low of $38.06 and a one year high of $63.26. The firm has a market cap of $75.15 billion, a P/E ratio of 50.40 and a beta of 0.98. The firm has a 50-day moving average price of $62.40 and a 200 day moving average price of $53.58.
PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.09 billion. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 EPS. On average, analysts forecast 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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