PayPal Holdings, Inc. (PYPL) Position Maintained by Howland Capital Management LLC
Howland Capital Management LLC held its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the second quarter, Holdings Channel reports. The institutional investor owned 5,524 shares of the credit services provider’s stock at the end of the second quarter. Howland Capital Management LLC’s holdings in PayPal Holdings were worth $296,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of PYPL. Norway Savings Bank increased its stake in PayPal Holdings by 0.5% in the first quarter. Norway Savings Bank now owns 5,300 shares of the credit services provider’s stock worth $228,000 after buying an additional 25 shares during the period. Bangor Savings Bank raised its stake in PayPal Holdings by 0.3% in the first quarter. Bangor Savings Bank now owns 12,480 shares of the credit services provider’s stock worth $537,000 after buying an additional 34 shares during the period. Guardian Life Insurance Co. of America raised its stake in PayPal Holdings by 0.9% in the first quarter. Guardian Life Insurance Co. of America now owns 4,338 shares of the credit services provider’s stock worth $187,000 after buying an additional 38 shares during the period. FTB Advisors Inc. raised its stake in PayPal Holdings by 1.1% in the first quarter. FTB Advisors Inc. now owns 8,245 shares of the credit services provider’s stock worth $363,000 after buying an additional 91 shares during the period. Finally, Aspen Investment Management Inc raised its stake in PayPal Holdings by 0.5% in the first quarter. Aspen Investment Management Inc now owns 20,365 shares of the credit services provider’s stock worth $876,000 after buying an additional 100 shares during the period. 81.54% of the stock is owned by institutional investors.
PayPal Holdings, Inc. (PYPL) traded up 1.65% during midday trading on Monday, hitting $59.00. The stock had a trading volume of 2,756,941 shares. The company has a market capitalization of $70.94 billion, a PE ratio of 47.58 and a beta of 0.99. The company’s 50-day moving average price is $57.01 and its 200 day moving average price is $48.47. PayPal Holdings, Inc. has a 52 week low of $36.30 and a 52 week high of $61.30.
PayPal Holdings (NASDAQ:PYPL) last announced its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share for the quarter, topping 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 business earned $0.36 EPS. The company’s revenue was up 18.3% compared to the same quarter last year. On average, analysts expect that PayPal Holdings, Inc. will post $1.84 EPS for the current year.
PayPal Holdings declared that its Board of Directors has authorized a share repurchase program on Wednesday, April 26th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to reacquire up to 9.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
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PYPL has been the topic of a number of research analyst reports. BTIG Research raised their target price on PayPal Holdings from $48.00 to $53.00 and gave the company a “buy” rating in a report on Friday, April 28th. Sanford C. Bernstein raised PayPal Holdings from a “market perform” rating to an “outperform” rating and raised their target price for the company from $46.00 to $61.00 in a report on Monday, July 10th. Monness Crespi & Hardt raised their target price on PayPal Holdings from $50.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, April 27th. Vetr raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $51.23 target price on the stock in a report on Wednesday, May 17th. Finally, Cowen and Company raised their target price on PayPal Holdings from $39.00 to $42.00 and gave the company a “market perform” rating in a report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $59.49.
In other news, COO William J. Ready sold 90,000 shares of the business’s stock in a transaction that occurred on 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 approximately $1,733,181. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Gary J. Marino sold 1,350 shares of the business’s stock in a transaction that occurred on 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 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 a total of 95,852 shares of company stock worth $5,653,198 in 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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