First Allied Advisory Services Inc. Has $907,000 Stake in PayPal Holdings, Inc. (PYPL)
First Allied Advisory Services Inc. grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,837 shares of the credit services provider’s stock after purchasing an additional 369 shares during the period. First Allied Advisory Services Inc.’s holdings in PayPal Holdings were worth $907,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC lifted its stake in PayPal Holdings by 36.1% in the 2nd quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock worth $4,415,371,000 after acquiring an additional 21,814,940 shares in the last quarter. Vanguard Group Inc. lifted its stake in PayPal Holdings by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 77,758,731 shares of the credit services provider’s stock worth $4,173,311,000 after acquiring an additional 2,115,017 shares in the last quarter. BlackRock Inc. lifted its stake in PayPal Holdings by 4.7% in the 2nd quarter. BlackRock Inc. now owns 62,938,949 shares of the credit services provider’s stock worth $3,377,936,000 after acquiring an additional 2,835,027 shares in the last quarter. Edgewood Management LLC lifted its stake in PayPal Holdings by 3.7% in the 1st quarter. Edgewood Management LLC now owns 18,568,508 shares of the credit services provider’s stock worth $798,817,000 after acquiring an additional 663,087 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in PayPal Holdings by 15.4% in the 1st quarter. Wellington Management Group LLP now owns 14,813,195 shares of the credit services provider’s stock worth $637,263,000 after acquiring an additional 1,982,305 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.
In other PayPal Holdings news, EVP Gary J. Marino sold 1,351 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $59.00, for a total transaction of $79,709.00. Following the completion of the sale, the executive vice president now directly owns 37,492 shares in the company, valued at approximately $2,212,028. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John J. Donahoe sold 170,000 shares of the 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 sale, the director now owns 124,516 shares of the company’s stock, valued at $7,244,340.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 261,351 shares of company stock valued at $15,302,809. Company insiders own 6.00% of the company’s stock.
PayPal Holdings, Inc. (PYPL) opened at 66.05 on Monday. PayPal Holdings, Inc. has a 12-month low of $38.06 and a 12-month high of $66.41. The firm’s 50-day moving average price is $63.63 and its 200 day moving average price is $63.63. The company has a market capitalization of $79.42 billion, a price-to-earnings ratio of 53.27 and a beta of 0.98.
PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share 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 during the quarter, compared to the consensus estimate of $3.09 billion. During the same period last year, the business posted $0.36 EPS. The business’s revenue was up 18.3% compared to the same quarter last year. On average, analysts expect that PayPal Holdings, Inc. will post $1.84 earnings per share for the current year.
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Several equities research analysts recently issued reports on PYPL shares. TheStreet raised PayPal Holdings from a “c” rating to a “b-” rating in a research note on Monday, July 3rd. Royal Bank Of Canada reissued a “buy” rating and issued a $52.00 price objective on shares of PayPal Holdings in a research note on Wednesday, July 5th. Vetr raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $55.01 price objective for the company in a research note on Tuesday, July 4th. BidaskClub downgraded PayPal Holdings from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Finally, BTIG Research increased their price objective on PayPal Holdings from $53.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, June 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty-two have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $62.83.
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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