Paypal Holdings Inc. (PYPL) Shares Sold by Investment House LLC
Investment House LLC lowered its position in Paypal Holdings Inc. (NASDAQ:PYPL) by 0.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 209,900 shares of the company’s stock after selling 320 shares during the period. Paypal Holdings makes up 1.2% of Investment House LLC’s holdings, making the stock its 21st largest position. Investment House LLC’s holdings in Paypal Holdings were worth $7,663,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. National Pension Service boosted its stake in shares of Paypal Holdings by 3.9% in the first quarter. National Pension Service now owns 659,018 shares of the company’s stock worth $25,438,000 after buying an additional 24,650 shares during the period. Wellington Management Group LLP boosted its stake in shares of Paypal Holdings by 12.8% in the first quarter. Wellington Management Group LLP now owns 2,700,708 shares of the company’s stock worth $104,248,000 after buying an additional 305,764 shares during the period. Orbis Allan Gray Ltd acquired a new stake in shares of Paypal Holdings during the first quarter worth $606,807,000. Slate Path Capital LP boosted its stake in shares of Paypal Holdings by 13.1% in the first quarter. Slate Path Capital LP now owns 5,345,000 shares of the company’s stock worth $206,317,000 after buying an additional 620,000 shares during the period. Finally, Foxhaven Asset Management LP boosted its stake in shares of Paypal Holdings by 23.0% in the first quarter. Foxhaven Asset Management LP now owns 952,801 shares of the company’s stock worth $36,778,000 after buying an additional 177,991 shares during the period. 78.89% of the stock is currently owned by institutional investors.
Paypal Holdings Inc. (NASDAQ:PYPL) traded down 0.80% during mid-day trading on Tuesday, hitting $39.69. 5,563,314 shares of the stock were exchanged. The firm has a 50-day moving average price of $38.22 and a 200-day moving average price of $38.34. The stock has a market capitalization of $46.91 billion, a P/E ratio of 36.08 and a beta of 1.13. Paypal Holdings Inc. has a 12-month low of $30.30 and a 12-month high of $41.75.
Paypal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.36 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The firm earned $2.65 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. During the same period in the previous year, the business posted $0.32 EPS. Equities analysts predict that Paypal Holdings Inc. will post $1.50 earnings per share for the current fiscal year.
PYPL has been the topic of a number of research reports. BTIG Research set a $48.00 target price on shares of Paypal Holdings and gave the stock a “buy” rating in a report on Wednesday, September 7th. Cantor Fitzgerald reissued a “buy” rating on shares of Paypal Holdings in a report on Sunday, August 28th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Paypal Holdings in a report on Wednesday, September 14th. Craig Hallum started coverage on shares of Paypal Holdings in a report on Wednesday, September 14th. They issued a “buy” rating and a $52.00 price objective on the stock. Finally, Zacks Investment Research cut shares of Paypal Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty have issued a buy rating to the company’s stock. Paypal Holdings presently has an average rating of “Hold” and a consensus price target of $43.68.
In other Paypal Holdings news, SVP William J. Ready sold 48,963 shares of the business’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $38.00, for a total transaction of $1,860,594.00. Following the completion of the sale, the senior vice president now directly owns 56,943 shares of the company’s stock, valued at approximately $2,163,834. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tomer Barel sold 5,862 shares of the business’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $37.21, for a total value of $218,125.02. Following the sale, the senior vice president now directly owns 27,017 shares of the company’s stock, valued at $1,005,302.57. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.
Paypal Holdings Company Profile
PayPal Holdings, Inc (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.
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