PayPal Holdings, Inc. (PYPL) Shares Sold by Rikoon Group LLC
Rikoon Group LLC lowered its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,563 shares of the credit services provider’s stock after selling 100 shares during the quarter. Rikoon Group LLC’s holdings in PayPal Holdings were worth $459,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in PYPL. South State Corp purchased a new stake in shares of PayPal Holdings during the first quarter worth about $366,000. Tiedemann Wealth Management LLC grew its position in shares of PayPal Holdings by 39.2% during the first quarter. Tiedemann Wealth Management LLC now owns 64,517 shares of the credit services provider’s stock worth $2,775,000 after purchasing an additional 18,175 shares in the last quarter. Clifford Swan Investment Counsel LLC grew its position in shares of PayPal Holdings by 2.2% during the first quarter. Clifford Swan Investment Counsel LLC now owns 359,661 shares of the credit services provider’s stock worth $15,473,000 after purchasing an additional 7,612 shares in the last quarter. Baird Financial Group Inc. grew its position in shares of PayPal Holdings by 13.1% during the first quarter. Baird Financial Group Inc. now owns 137,390 shares of the credit services provider’s stock worth $5,911,000 after purchasing an additional 15,964 shares in the last quarter. Finally, Hosking Partners LLP grew its position in shares of PayPal Holdings by 10.1% during the first quarter. Hosking Partners LLP now owns 1,400,570 shares of the credit services provider’s stock worth $60,253,000 after purchasing an additional 128,314 shares in the last quarter. Hedge funds and other 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 stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $59.00, for a total value of $79,709.00. Following the sale, the executive vice president now directly owns 37,492 shares in the company, valued at $2,212,028. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John J. Donahoe sold 170,000 shares of the stock in a transaction on 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 sale, the director now owns 124,516 shares in the company, valued at $7,244,340.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 261,351 shares of company stock worth $15,302,809. Insiders own 6.00% of the company’s stock.
Several analysts recently issued reports on the company. Piper Jaffray Companies reiterated a “neutral” rating and set a $68.00 target price (up previously from $57.00) on shares of PayPal Holdings in a research report on Friday, October 13th. Jefferies Group LLC increased their target price on PayPal Holdings from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Mizuho reiterated a “hold” rating and set a $50.00 target price on shares of PayPal Holdings in a research report on Sunday. Nomura increased their target price on PayPal Holdings from $68.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Stifel Nicolaus set a $61.00 target price on PayPal Holdings and gave the stock a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-two have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $65.92.
PayPal Holdings, Inc. (NASDAQ PYPL) traded down 1.37% on Thursday, hitting $66.34. The stock had a trading volume of 1,656,620 shares. The company has a market cap of $79.77 billion, a P/E ratio of 53.50 and a beta of 0.98. PayPal Holdings, Inc. has a 52-week low of $38.06 and a 52-week high of $69.61. The firm’s 50-day moving average is $64.66 and its 200-day moving average is $64.66.
PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 18.3% compared to the same quarter last year. During the same period last year, the firm earned $0.36 earnings per share. Equities research analysts anticipate that PayPal Holdings, Inc. will post $1.84 earnings per share for the current fiscal year.
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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