PayPal Holdings, Inc. (PYPL) Stake Increased by TD Asset Management Inc.
TD Asset Management Inc. raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,056,713 shares of the credit services provider’s stock after buying an additional 689 shares during the period. TD Asset Management Inc. owned about 0.09% of PayPal Holdings worth $56,713,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of PYPL. Thompson Davis & CO. Inc. raised 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 during the period. Stelac Advisory Services LLC purchased a new stake in PayPal Holdings during the first quarter worth about $119,000. Clean Yield Group purchased a new stake in PayPal Holdings during the first quarter worth about $127,000. Archford Capital Strategies LLC increased its stake in 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. Finally, First Personal Financial Services increased its stake in PayPal Holdings by 73.4% in the first quarter. First Personal Financial Services now owns 3,494 shares of the credit services provider’s stock worth $150,000 after buying an additional 1,479 shares in the last quarter. 82.55% of the stock is owned by institutional investors and hedge funds.
Shares of PayPal Holdings, Inc. (PYPL) opened at 60.53 on Tuesday. The company’s 50-day moving average price is $58.61 and its 200 day moving average price is $49.86. PayPal Holdings, Inc. has a 12-month low of $36.30 and a 12-month high of $61.30. The stock has a market cap of $72.78 billion, a price-to-earnings ratio of 48.81 and a beta of 0.99.
PayPal Holdings (NASDAQ:PYPL) last announced 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. The firm 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%. PayPal Holdings’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.36 EPS. On average, equities analysts predict that PayPal Holdings, Inc. will post $1.83 earnings per share for the current year.
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A number of research firms have issued reports on PYPL. Vetr upgraded PayPal Holdings from a “hold” rating to a “buy” rating and set a $55.01 price target for the company in a research note on Tuesday, July 4th. Oppenheimer Holdings, Inc. boosted their price target on PayPal Holdings from $50.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Cowen and Company restated a “market perform” rating and set a $52.00 price target (up from $48.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating and set a $52.00 price target on shares of PayPal Holdings in a research note on Wednesday, July 5th. Finally, Instinet boosted their price target on PayPal Holdings from $54.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company’s stock. The company 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 firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the sale, the chief operating officer now owns 29,252 shares in the company, valued at $1,733,181. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gary J. Marino sold 1,350 shares of the firm’s stock in a transaction 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 sale, 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. In the last quarter, insiders have sold 265,852 shares of company stock worth $15,543,798. 6.00% of the stock is owned by insiders.
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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