Tandem Investment Advisors Inc. Has $354,000 Stake in PayPal Holdings, Inc. (PYPL)
Tandem Investment Advisors Inc. trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,590 shares of the credit services provider’s stock after selling 108 shares during the quarter. Tandem Investment Advisors Inc.’s holdings in PayPal Holdings were worth $354,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bangor Savings Bank grew its stake in PayPal Holdings by 34.1% in the second quarter. Bangor Savings Bank now owns 16,736 shares of the credit services provider’s stock worth $898,000 after purchasing an additional 4,256 shares in the last quarter. WINTON GROUP Ltd grew its stake in PayPal Holdings by 178.9% in the second quarter. WINTON GROUP Ltd now owns 139,366 shares of the credit services provider’s stock worth $7,480,000 after purchasing an additional 89,390 shares in the last quarter. North Star Asset Management Inc. grew its stake in PayPal Holdings by 0.6% in the second quarter. North Star Asset Management Inc. now owns 177,307 shares of the credit services provider’s stock worth $9,516,000 after purchasing an additional 1,082 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in PayPal Holdings by 1.1% in the second quarter. Public Employees Retirement System of Ohio now owns 814,699 shares of the credit services provider’s stock worth $43,725,000 after purchasing an additional 9,019 shares in the last quarter. Finally, Colony Group LLC acquired a new position in PayPal Holdings in the second quarter worth about $280,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.
PayPal Holdings, Inc. (NASDAQ PYPL) opened at 66.6114 on Thursday. PayPal Holdings, Inc. has a 52-week low of $38.06 and a 52-week high of $69.61. The stock has a market capitalization of $80.09 billion, a PE ratio of 53.7189 and a beta of 0.98. The firm’s 50-day moving average is $64.66 and its 200 day moving average is $64.66.
PayPal Holdings (NASDAQ:PYPL) last posted its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period last year, the business posted $0.36 earnings per share. On average, equities analysts forecast that PayPal Holdings, Inc. will post $1.84 earnings per share for the current year.
In other PayPal Holdings news, 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 sale, the chief operating officer now directly owns 29,252 shares in the company, valued at $1,733,181. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $9,890,600.00. Following the completion of the sale, the director now owns 124,516 shares in the company, valued at $7,244,340.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 261,351 shares of company stock worth $15,302,809. Company insiders own 6.00% of the company’s stock.
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A number of equities analysts recently commented on the company. Mizuho reiterated a “hold” rating and issued a $50.00 price target on shares of PayPal Holdings in a research note on Sunday. Craig Hallum reiterated a “buy” rating and issued a $83.00 price target (up from $67.00) on shares of PayPal Holdings in a research note on Tuesday. Stifel Nicolaus set a $61.00 price target on PayPal Holdings and gave the stock a “hold” rating in a research note on Monday. KeyCorp reiterated an “overweight” rating and issued a $75.00 price target (up from $70.00) on shares of PayPal Holdings in a research note on Wednesday. Finally, Vetr upgraded PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 price target for the company in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-two have issued a buy rating and two have assigned a strong buy rating to the stock. PayPal Holdings currently has a consensus rating of “Buy” and a consensus target price of $65.92.
About PayPal Holdings
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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