Marco Investment Management LLC Has $5,452,000 Holdings in PayPal Holdings, Inc. (PYPL)
Marco Investment Management LLC held its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 101,585 shares of the credit services provider’s stock at the close of the second quarter. Marco Investment Management LLC’s holdings in PayPal Holdings were worth $5,452,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Rhumbline Advisers raised its position in PayPal Holdings by 0.9% in the second quarter. Rhumbline Advisers now owns 1,850,531 shares of the credit services provider’s stock worth $99,318,000 after acquiring an additional 17,139 shares in the last quarter. Shikiar Asset Management Inc. raised its position in PayPal Holdings by 2,671.9% in the second quarter. Shikiar Asset Management Inc. now owns 141,365 shares of the credit services provider’s stock worth $7,587,000 after acquiring an additional 136,265 shares in the last quarter. Smith Asset Management Group LP purchased a new position in PayPal Holdings in the second quarter worth $50,648,000. GAM Holding AG raised its position in PayPal Holdings by 14.3% in the second quarter. GAM Holding AG now owns 225,782 shares of the credit services provider’s stock worth $12,118,000 after acquiring an additional 28,265 shares in the last quarter. Finally, BB&T Securities LLC raised its position in PayPal Holdings by 24.2% in the second quarter. BB&T Securities LLC now owns 170,765 shares of the credit services provider’s stock worth $9,164,000 after acquiring an additional 33,268 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.
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PayPal Holdings, Inc. (NASDAQ PYPL) opened at 65.82 on Friday. The stock has a 50 day moving average price of $63.51 and a 200 day moving average price of $63.51. The firm has a market capitalization of $79.14 billion, a price-to-earnings ratio of 53.08 and a beta of 0.98. PayPal Holdings, Inc. has a 1-year low of $38.06 and a 1-year high of $66.00.
PayPal Holdings (NASDAQ:PYPL) last issued its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. Analysts predict that PayPal Holdings, Inc. will post $1.84 EPS for the current year.
Several research analysts have issued reports on the company. Guggenheim reiterated a “buy” rating and issued a $72.00 price objective (up previously from $67.00) on shares of PayPal Holdings in a research report on Thursday. Deutsche Bank AG reiterated a “buy” rating and issued a $77.00 price objective (up previously from $64.00) on shares of PayPal Holdings in a research report on Tuesday. Sanford C. Bernstein reiterated an “outperform” rating and issued a $66.00 price objective on shares of PayPal Holdings in a research report on Wednesday, September 27th. Vetr upgraded PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 price objective for the company in a research report on Thursday, August 10th. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $75.00 price objective (up previously from $67.00) on shares of PayPal Holdings in a research report on Friday, September 29th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, thirty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $62.45.
In other PayPal Holdings news, COO William J. Ready sold 90,000 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was 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 owns 29,252 shares in the company, valued at $1,733,181. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John J. Donahoe sold 170,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $58.18, for a total value of $9,890,600.00. Following the completion of the transaction, the director now owns 124,516 shares in the company, valued at approximately $7,244,340.88. The disclosure for this sale can be found here. Insiders sold 261,351 shares of company stock worth $15,302,809 in the last 90 days. Corporate 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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