P.A.W. Capital Corp raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 33.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 20,000 shares of the credit services provider’s stock after buying an additional 5,000 shares during the period. P.A.W. Capital Corp’s holdings in PayPal Holdings were worth $860,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the stock. FMR LLC boosted its position in shares of PayPal Holdings by 28.2% in the first quarter. FMR LLC now owns 60,453,931 shares of the credit services provider’s stock worth $2,600,728,000 after buying an additional 13,296,056 shares during the last quarter. Norges Bank acquired a new position in shares of PayPal Holdings during the fourth quarter worth about $344,012,000. Alliancebernstein L.P. boosted its position in shares of PayPal Holdings by 117.7% in the first quarter. Alliancebernstein L.P. now owns 4,169,635 shares of the credit services provider’s stock worth $179,378,000 after buying an additional 2,254,074 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of PayPal Holdings by 15.4% in the first quarter. Wellington Management Group LLP now owns 14,813,195 shares of the credit services provider’s stock worth $637,263,000 after buying an additional 1,982,305 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of PayPal Holdings by 671.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,187,211 shares of the credit services provider’s stock worth $51,074,000 after buying an additional 1,033,291 shares during the last quarter. 81.31% of the stock is currently owned by hedge funds and other institutional investors.
Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) traded down 0.23% during mid-day trading on Tuesday, hitting $59.48. 6,001,859 shares of the stock were exchanged. PayPal Holdings, Inc. has a 52 week low of $36.28 and a 52 week high of $61.30. The stock has a market capitalization of $71.52 billion, a price-to-earnings ratio of 47.97 and a beta of 0.99. The stock’s 50-day moving average is $55.57 and its 200-day moving average is $47.60.
PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data 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. The firm had revenue of $3.14 billion during 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 quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.36 EPS. Analysts forecast that PayPal Holdings, Inc. will post $1.84 earnings per share for the current fiscal year.
PayPal Holdings declared that its Board of Directors has approved a stock repurchase program on Wednesday, April 26th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to repurchase up to 9.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
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PYPL has been the topic of a number of recent research reports. Piper Jaffray Companies reduced their price objective on shares of PayPal Holdings from $32.00 to $29.00 and set a “hold” rating on the stock in a research note on Monday, April 17th. Zacks Investment Research cut shares of PayPal Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, April 27th. Robert W. Baird lifted their price target on shares of PayPal Holdings from $48.00 to $53.00 and gave the stock an “outperform” rating in a research report on Friday, April 28th. Vetr raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $51.23 price target on the stock in a research report on Thursday, May 4th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $53.00 price target (up from $48.00) on shares of PayPal Holdings in a research report on Thursday, April 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the stock. PayPal Holdings has an average rating of “Buy” and a consensus target price of $59.49.
In related 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 value 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 $1,733,181. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Gary J. Marino sold 1,350 shares of PayPal Holdings stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $52.48, for a total transaction of $70,848.00. Following the completion of the transaction, the executive vice president now directly owns 37,491 shares in the company, valued at $1,967,527.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,852 shares of company stock valued at $5,653,198. Company insiders own 6.00% of the company’s stock.
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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