PayPal Holdings, Inc. (PYPL) Shares Sold by Harding Loevner LP
Harding Loevner LP trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,100,072 shares of the credit services provider’s stock after selling 274,741 shares during the quarter. PayPal Holdings accounts for approximately 2.0% of Harding Loevner LP’s investment portfolio, making the stock its 17th biggest position. Harding Loevner LP owned 0.51% of PayPal Holdings worth $327,391,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in PYPL. Rhumbline Advisers raised its position in PayPal Holdings by 0.9% in the 2nd quarter. Rhumbline Advisers now owns 1,850,531 shares of the credit services provider’s stock valued at $99,318,000 after purchasing 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 2nd quarter. Shikiar Asset Management Inc. now owns 141,365 shares of the credit services provider’s stock valued at $7,587,000 after purchasing an additional 136,265 shares in the last quarter. Smith Asset Management Group LP acquired a new stake in PayPal Holdings in the 2nd quarter valued at about $50,648,000. GAM Holding AG raised its position in PayPal Holdings by 14.3% in the 2nd quarter. GAM Holding AG now owns 225,782 shares of the credit services provider’s stock valued at $12,118,000 after purchasing 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 2nd quarter. BB&T Securities LLC now owns 170,765 shares of the credit services provider’s stock valued at $9,164,000 after purchasing an additional 33,268 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.
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In other news, EVP Gary J. Marino sold 1,351 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $59.00, for a total transaction of $79,709.00. Following the completion of the sale, the executive vice president now directly owns 37,492 shares of the company’s stock, valued at approximately $2,212,028. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John J. Donahoe sold 170,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $58.18, for a total value of $9,890,600.00. Following the sale, the director now directly owns 124,516 shares of the company’s stock, valued at $7,244,340.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 261,351 shares of company stock valued at $15,302,809. Corporate insiders own 6.00% of the company’s stock.
PayPal Holdings, Inc. (PYPL) opened at 65.82 on Friday. PayPal Holdings, Inc. has a 12-month low of $38.06 and a 12-month high of $66.00. The firm has a market capitalization of $79.14 billion, a PE ratio of 53.08 and a beta of 0.98. The stock has a 50 day moving average price of $63.51 and a 200-day moving average price of $63.51.
PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.09 billion. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The company’s revenue was up 18.3% compared to the same quarter last year. During the same period last year, the company posted $0.36 EPS. On average, equities research analysts forecast that PayPal Holdings, Inc. will post $1.84 EPS for the current year.
A number of research firms have issued reports on PYPL. Vetr raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $55.01 price target on the stock in a research report on Tuesday, July 4th. Oppenheimer Holdings, Inc. increased their price target on PayPal Holdings from $50.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Cowen and Company reaffirmed a “market perform” rating and issued a $52.00 price target (up previously from $48.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $52.00 price target on shares of PayPal Holdings in a research report on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $70.00 price target on shares of PayPal Holdings in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, thirty-one have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $62.45.
About PayPal Holdings
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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