Advisors Asset Management Inc. raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 20.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 225,288 shares of the credit services provider’s stock after buying an additional 37,882 shares during the period. Advisors Asset Management Inc.’s holdings in PayPal Holdings were worth $9,692,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the company. Marcus Capital LLC increased its stake in PayPal Holdings by 0.7% in the third quarter. Marcus Capital LLC now owns 52,800 shares of the credit services provider’s stock worth $2,163,000 after buying an additional 375 shares during the period. Dodge & Cox acquired a new stake in PayPal Holdings during the fourth quarter worth about $7,816,000. NF Trinity Capital Hong Kong Ltd bought a new position in PayPal Holdings during the third quarter worth $4,281,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in PayPal Holdings by 14.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,023,917 shares of the credit services provider’s stock worth $41,950,000 after buying an additional 131,971 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in PayPal Holdings by 5.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 4,520,450 shares of the credit services provider’s stock worth $178,423,000 after buying an additional 246,950 shares in the last quarter. 81.93% of the stock is owned by hedge funds and other institutional investors.
PayPal Holdings, Inc. (NASDAQ PYPL) traded down 0.86% during midday trading on Friday, hitting $51.84. The stock had a trading volume of 10,931,122 shares. PayPal Holdings, Inc. has a 52 week low of $34.00 and a 52 week high of $55.14. The stock has a 50-day moving average of $50.82 and a 200-day moving average of $43.93. The firm has a market cap of $62.27 billion, a P/E ratio of 44.31 and a beta of 0.95.
PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, April 26th. The credit services provider reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.01. PayPal Holdings had a net margin of 12.60% and a return on equity of 10.78%. The firm had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the business earned $0.37 EPS. The company’s revenue was up 16.9% compared to the same quarter last year. Analysts forecast that PayPal Holdings, Inc. will post $1.78 EPS for the current fiscal year.
A number of equities analysts have weighed in on PYPL shares. Vetr cut PayPal Holdings from a “strong-buy” rating to a “buy” rating and set a $48.08 price target for the company. in a report on Monday, March 13th. Deutsche Bank AG reiterated a “buy” rating and set a $52.00 target price on shares of PayPal Holdings in a research note on Saturday, March 11th. Stifel Nicolaus reiterated a “buy” rating and set a $49.00 target price on shares of PayPal Holdings in a research note on Friday, February 17th. BTIG Research reiterated a “buy” rating and set a $24.00 target price on shares of PayPal Holdings in a research note on Thursday, February 16th. Finally, Zacks Investment Research upgraded PayPal Holdings from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Wednesday, March 29th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $50.19.
In related news, EVP Gary J. Marino sold 13,535 shares of the firm’s stock in a transaction on Tuesday, April 4th. The stock was sold at an average price of $42.52, for a total transaction of $575,508.20. Following the completion of the transaction, the executive vice president now directly owns 39,405 shares of the company’s stock, valued at approximately $1,675,500.60. The sale was disclosed in a filing with the SEC, which can be accessed 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 transaction, the executive vice president now directly owns 37,491 shares of the company’s stock, valued at $1,967,527.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,685 shares of company stock worth $743,502. 6.00% of the stock is currently owned by company insiders.
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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