Moody Lynn & Lieberson LLC Buys New Position in PayPal Holdings, Inc. (PYPL)
Moody Lynn & Lieberson LLC bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 122,272 shares of the credit services provider’s stock, valued at approximately $6,562,000.
Several other institutional investors have also recently modified their holdings of PYPL. Thompson Davis & CO. Inc. boosted its position in shares of 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 purchased a new position in shares of PayPal Holdings during the first quarter worth about $106,000. Stelac Advisory Services LLC purchased a new position in shares of PayPal Holdings during the first quarter worth about $119,000. Clean Yield Group purchased a new position in shares of PayPal Holdings during the first quarter worth about $127,000. Finally, Archford Capital Strategies LLC boosted its position in shares of PayPal Holdings by 65.4% in the first quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock worth $139,000 after buying an additional 1,281 shares in the last quarter. Institutional investors own 81.54% of the company’s stock.
PayPal Holdings, Inc. (NASDAQ:PYPL) opened at 59.69 on Wednesday. The stock has a market cap of $71.77 billion, a price-to-earnings ratio of 48.14 and a beta of 0.99. The firm’s 50-day moving average price is $57.31 and its 200-day moving average price is $48.83. PayPal Holdings, Inc. has a 12-month low of $36.30 and a 12-month high of $61.30.
PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, topping the consensus estimate 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 last year, the company earned $0.36 earnings per share. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, equities analysts predict that PayPal Holdings, Inc. will post $1.83 EPS for the current fiscal year.
PayPal Holdings announced that its board has initiated a stock repurchase program on Wednesday, April 26th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the credit services provider to reacquire up to 9.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
A number of equities analysts recently issued reports on the company. UBS AG reiterated a “neutral” rating and issued a $48.00 target price (up from $44.00) on shares of PayPal Holdings in a report on Friday, April 28th. Robert W. Baird reiterated an “outperform” rating and issued a $65.00 target price (up from $59.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating and issued a $72.00 target price (up from $60.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Vetr upgraded PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 target price on the stock in a report on Thursday, August 10th. Finally, Citigroup Inc. restated a “buy” rating and set a $67.00 price objective (up from $62.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $59.49.
In other news, Director Gail J. Mcgovern sold 1,800 shares of the firm’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $53.97, for a total value of $97,146.00. Following the transaction, the director now owns 12,647 shares of the company’s stock, valued at $682,558.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gary J. Marino sold 1,350 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $52.48, for a total value 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 approximately $1,967,527.68. The disclosure for this sale can be found here. Insiders sold 265,852 shares of company stock worth $15,543,798 in the last ninety 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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