Delaney Dennis R grew its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,362 shares of the credit services provider’s stock after buying an additional 110 shares during the period. Delaney Dennis R’s holdings in Paypal were worth $866,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mcmillion Capital Management Inc. acquired a new stake in Paypal during the 2nd quarter worth approximately $35,000. AGF Investments LLC lifted its holdings in Paypal by 55.6% during the 2nd quarter. AGF Investments LLC now owns 308 shares of the credit services provider’s stock worth $35,000 after purchasing an additional 110 shares during the last quarter. Liberty Wealth Management LLC lifted its holdings in Paypal by 51.6% during the 3rd quarter. Liberty Wealth Management LLC now owns 382 shares of the credit services provider’s stock worth $40,000 after purchasing an additional 130 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in Paypal by 125.4% during the 3rd quarter. Sound Income Strategies LLC now owns 417 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 232 shares during the last quarter. Finally, Howe & Rusling Inc. acquired a new stake in Paypal during the 3rd quarter worth approximately $49,000. 81.16% of the stock is owned by institutional investors.
In related news, insider Daniel H. Schulman sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $108.62, for a total transaction of $3,258,600.00. Following the transaction, the insider now directly owns 472,074 shares of the company’s stock, valued at approximately $51,276,677.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Jonathan Auerbach sold 2,024 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $106.07, for a total value of $214,685.68. Following the transaction, the executive vice president now directly owns 118,844 shares in the company, valued at $12,605,783.08. The disclosure for this sale can be found here. Insiders have sold a total of 104,814 shares of company stock worth $11,278,603 in the last 90 days. 0.15% of the stock is currently owned by corporate insiders.
Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.09. Paypal had a return on equity of 16.73% and a net margin of 14.89%. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter last year, the company posted $0.58 EPS. The company’s revenue for the quarter was up 18.9% compared to the same quarter last year. On average, research analysts predict that Paypal Holdings Inc will post 2.3 earnings per share for the current year.
PYPL has been the subject of several research reports. ValuEngine cut Paypal from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Guggenheim raised Paypal from a “sell” rating to a “neutral” rating in a report on Tuesday, August 13th. KeyCorp lifted their price target on Paypal from $118.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Deutsche Bank lifted their price target on Paypal from $120.00 to $127.00 and gave the stock a “positive” rating in a report on Tuesday, July 16th. Finally, Barclays lifted their price target on Paypal from $127.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-four have given a buy rating to the company’s stock. Paypal presently has a consensus rating of “Buy” and an average price target of $123.10.
Paypal Company Profile
PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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