Security National Trust Co. continued to hold its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,266 shares of the credit services provider’s stock at the end of the second quarter. Security National Trust Co.’s holdings in PayPal Holdings were worth $1,141,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently modified their holdings of PYPL. Thompson Davis & CO. Inc. increased its holdings in shares of PayPal Holdings by 36.7% during the 1st quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock valued at $104,000 after acquiring an additional 649 shares during the last quarter. Stelac Advisory Services LLC acquired a new position in shares of PayPal Holdings during the 1st quarter valued at about $119,000. Clean Yield Group acquired a new position in shares of PayPal Holdings during the 1st quarter valued at about $127,000. Archford Capital Strategies LLC increased its holdings in shares of PayPal Holdings by 65.4% during the 1st quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock valued at $139,000 after acquiring an additional 1,281 shares during the last quarter. Finally, First Personal Financial Services increased its holdings in shares of PayPal Holdings by 73.4% during the 1st quarter. First Personal Financial Services now owns 3,494 shares of the credit services provider’s stock valued at $150,000 after acquiring an additional 1,479 shares during the last quarter. 82.46% of the stock is currently owned by institutional investors.
Shares of PayPal Holdings, Inc. (PYPL) opened at 65.08 on Friday. The firm’s 50-day moving average price is $62.68 and its 200 day moving average price is $62.68. PayPal Holdings, Inc. has a 1-year low of $38.06 and a 1-year high of $65.24. The company has a market capitalization of $78.25 billion, a PE ratio of 52.48 and a beta of 0.98.
PayPal Holdings (NASDAQ:PYPL) last announced its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, beating the Zacks’ 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 analysts’ expectations of $3.09 billion. During the same period in the prior year, the company earned $0.36 earnings per share. The firm’s revenue was up 18.3% on a year-over-year basis. Equities analysts predict that PayPal Holdings, Inc. will post $1.83 EPS for the current fiscal year.
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In related news, COO William J. Ready sold 90,000 shares of the firm’s 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 completion of the transaction, the chief operating officer now directly owns 29,252 shares of the company’s stock, valued at $1,733,181. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gary J. Marino sold 1,351 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $54.03, for a total transaction of $72,994.53. Following the transaction, the executive vice president now owns 37,491 shares of the company’s stock, valued at approximately $2,025,638.73. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 262,702 shares of company stock valued at $15,375,804. 6.00% of the stock is owned by corporate insiders.
Several analysts recently weighed in on the company. Citigroup Inc. restated a “buy” rating and set a $62.00 target price (up previously from $52.00) on shares of PayPal Holdings in a research note on Friday, June 9th. Stephens reiterated an “overweight” rating and issued a $59.00 price objective (up previously from $51.00) on shares of PayPal Holdings in a research report on Monday, June 19th. Vetr upgraded PayPal Holdings from a “hold” rating to a “buy” rating and set a $54.78 price objective for the company in a research report on Wednesday, June 21st. KeyCorp upgraded PayPal Holdings to a “buy” rating and set a $60.00 price objective for the company in a research report on Wednesday, June 21st. Finally, Mizuho restated a “neutral” rating and set a $48.00 target price on shares of PayPal Holdings in a research report on Wednesday, June 28th. Eleven analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $60.78.
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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