CMH Wealth Management LLC Has $2.35 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)
CMH Wealth Management LLC increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,540 shares of the credit services provider’s stock after buying an additional 1,235 shares during the period. PayPal Holdings comprises approximately 1.9% of CMH Wealth Management LLC’s portfolio, making the stock its 17th largest position. CMH Wealth Management LLC’s holdings in PayPal Holdings were worth $2,349,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. raised its position in PayPal Holdings by 36.7% in the first quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock worth $104,000 after buying an additional 649 shares in the last quarter. Crestwood Advisors Group LLC bought a new position in PayPal Holdings during the first quarter worth about $106,000. Carroll Financial Associates Inc. raised its position in PayPal Holdings by 41.7% in the first quarter. Carroll Financial Associates Inc. now owns 2,516 shares of the credit services provider’s stock worth $108,000 after buying an additional 740 shares in the last quarter. Stelac Advisory Services LLC bought a new position in PayPal Holdings during the first quarter worth about $119,000. Finally, Clean Yield Group bought a new position in PayPal Holdings during the first quarter worth about $127,000. Institutional investors and hedge funds own 81.31% of the company’s stock.
PayPal Holdings, Inc. (PYPL) traded up 0.03% during trading on Friday, reaching $58.04. The company’s stock had a trading volume of 6,962,121 shares. The firm’s 50-day moving average is $57.01 and its 200-day moving average is $48.47. PayPal Holdings, Inc. has a 52-week low of $36.30 and a 52-week high of $61.30. The stock has a market cap of $69.79 billion, a P/E ratio of 46.81 and a beta of 0.99.
PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate 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. Equities research analysts forecast that PayPal Holdings, Inc. will post $1.84 EPS for the current year.
PayPal Holdings announced that its board has authorized a share repurchase plan on Wednesday, April 26th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the credit services provider to purchase up to 9.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
PYPL has been the subject of a number of analyst reports. TheStreet upgraded PayPal Holdings from a “c” rating to a “b-” rating in a research report on Monday, July 3rd. BTIG Research lifted their target price on PayPal Holdings from $48.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Monness Crespi & Hardt lifted their target price on PayPal Holdings from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, April 27th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $53.00 target price (up previously from $48.00) on shares of PayPal Holdings in a research note on Thursday, April 27th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $49.00 target price on shares of PayPal Holdings in a research note on Sunday, April 23rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $59.49.
In other PayPal Holdings news, EVP Gary J. Marino sold 1,350 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $52.48, for a total transaction of $70,848.00. Following the completion of the sale, the executive vice president now directly owns 37,491 shares in the company, valued at $1,967,527.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gail J. Mcgovern sold 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $53.97, for a total transaction of $97,146.00. Following the sale, the director now owns 12,647 shares of the company’s stock, valued at $682,558.59. The disclosure for this sale can be found here. Insiders have sold 95,852 shares of company stock valued at $5,653,198 over the last 90 days. 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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