Tiaa Fsb Buys New Holdings in PayPal Holdings, Inc. (PYPL)
Tiaa Fsb bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 15,990 shares of the credit services provider’s stock, valued at approximately $858,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of PYPL. Guardian Life Insurance Co. of America boosted its holdings in 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 valued at $187,000 after acquiring an additional 38 shares during the period. Apriem Advisors grew its position in shares of PayPal Holdings by 0.6% in the second quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock valued at $451,000 after purchasing an additional 52 shares during the last quarter. Sigma Planning Corp grew its position in shares of PayPal Holdings by 0.4% in the second quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock valued at $903,000 after purchasing an additional 74 shares during the last quarter. Train Babcock Advisors LLC grew its position in shares of PayPal Holdings by 1.6% in the second quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock valued at $292,000 after purchasing an additional 86 shares during the last quarter. Finally, Calamos Wealth Management LLC increased its stake in shares of PayPal Holdings by 0.3% in the second quarter. Calamos Wealth Management LLC now owns 38,860 shares of the credit services provider’s stock worth $2,086,000 after purchasing an additional 98 shares during the period. Hedge funds and other institutional investors own 82.47% of the company’s stock.
Several equities analysts recently weighed in on the company. Instinet boosted their price objective on PayPal Holdings from $54.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, June 6th. Wedbush restated an “outperform” rating on shares of PayPal Holdings in a research note on Tuesday, June 6th. Citigroup Inc. reaffirmed a “buy” rating and issued a $62.00 target price (up previously from $52.00) on shares of PayPal Holdings in a report on Friday, June 9th. BMO Capital Markets raised their target price on PayPal Holdings from $52.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, June 9th. Finally, BidaskClub lowered PayPal Holdings from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, thirty-one have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $61.83.
In other news, Director John J. Donahoe sold 170,000 shares of the stock in a transaction on 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 completion of the transaction, the director now directly owns 124,516 shares in the company, valued at approximately $7,244,340.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO William J. Ready sold 90,000 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $59.25, for a total value of $5,332,500.00. Following the completion of the transaction, the chief operating officer now owns 29,252 shares of the company’s stock, valued at $1,733,181. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 261,351 shares of company stock worth $15,302,809. Insiders own 6.00% of the company’s stock.
PayPal Holdings, Inc. (NASDAQ 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 PE ratio of 51.79 and a beta of 0.98. The company has a 50-day moving average price of $63.36 and a 200 day moving average price of $63.36.
PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. 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 firm earned $0.36 EPS. The firm’s revenue was up 18.3% compared to the same quarter last year. On average, analysts forecast that PayPal Holdings, Inc. will post $1.83 EPS 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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