ETRADE Capital Management LLC Boosts Holdings in PayPal Holdings, Inc. (PYPL)
ETRADE Capital Management LLC raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 45.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,390 shares of the credit services provider’s stock after acquiring an additional 2,325 shares during the quarter. ETRADE Capital Management LLC’s holdings in PayPal Holdings were worth $397,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Guardian Life Insurance Co. of America raised its position in shares of PayPal Holdings by 0.9% during the first quarter. Guardian Life Insurance Co. of America now owns 4,338 shares of the credit services provider’s stock worth $187,000 after acquiring an additional 38 shares during the last quarter. Apriem Advisors lifted its stake in shares of PayPal Holdings by 0.6% during the second quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock valued at $451,000 after acquiring an additional 52 shares during the period. Sigma Planning Corp lifted its stake in shares of PayPal Holdings by 0.4% during the second quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock valued at $903,000 after acquiring an additional 74 shares during the period. Train Babcock Advisors LLC lifted its stake in shares of PayPal Holdings by 1.6% during the second quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock valued at $292,000 after acquiring an additional 86 shares during the period. Finally, Calamos Wealth Management LLC lifted its stake in shares of PayPal Holdings by 0.3% during the second quarter. Calamos Wealth Management LLC now owns 38,860 shares of the credit services provider’s stock valued at $2,086,000 after acquiring an additional 98 shares during the period. Hedge funds and other institutional investors own 82.47% of the company’s stock.
PayPal Holdings, Inc. (PYPL) opened at 64.22 on Wednesday. PayPal Holdings, Inc. has a 12 month low of $38.06 and a 12 month high of $65.24. The company has a market cap of $77.22 billion, a P/E ratio of 51.79 and a beta of 0.98. The stock has a 50 day moving average of $63.36 and a 200-day moving average of $63.36.
PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings results 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. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the company posted $0.36 earnings per share. PayPal Holdings’s revenue was up 18.3% compared to the same quarter last year. Equities research analysts expect that PayPal Holdings, Inc. will post $1.83 EPS for the current year.
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In other PayPal Holdings news, COO William J. Ready sold 90,000 shares of PayPal Holdings stock in a transaction on Monday, July 31st. The shares were 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 directly owns 29,252 shares of the company’s stock, valued at approximately $1,733,181. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gary J. Marino sold 1,351 shares of PayPal Holdings stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $59.00, for a total transaction of $79,709.00. Following the transaction, the executive vice president now directly owns 37,492 shares in the company, valued at $2,212,028. The disclosure for this sale can be found here. Insiders sold a total of 261,351 shares of company stock valued at $15,302,809 over the last three months. 6.00% of the stock is currently owned by insiders.
Several analysts have weighed in on the company. Deutsche Bank AG reissued a “buy” rating and set a $77.00 price objective (up from $64.00) on shares of PayPal Holdings in a report on Tuesday. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $66.00 target price on shares of PayPal Holdings in a research note on Wednesday, September 27th. Vetr raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 target price on the stock in a research note on Thursday, August 10th. Susquehanna Bancshares Inc reiterated a “positive” rating and set a $75.00 price target (up previously from $67.00) on shares of PayPal Holdings in a research report on Friday, September 29th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating and set a $72.00 price target (up previously from $60.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, thirty-one have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $61.83.
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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