Farmers Trust Co. lowered its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,577 shares of the credit services provider’s stock after selling 100 shares during the period. Farmers Trust Co.’s holdings in PayPal Holdings were worth $246,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. increased its position in 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 last quarter. Crestwood Advisors Group LLC acquired a new position in PayPal Holdings during the first quarter worth about $106,000. Carroll Financial Associates Inc. increased its position in PayPal Holdings by 41.7% in the first quarter. Carroll Financial Associates Inc. now owns 2,516 shares of the credit services provider’s stock worth $108,000 after buying an additional 740 shares during the last quarter. Stelac Advisory Services LLC acquired a new position in PayPal Holdings during the first quarter worth about $119,000. Finally, Clean Yield Group acquired a new position in PayPal Holdings during the first quarter worth about $127,000. Institutional investors own 81.31% of the company’s stock.
PayPal Holdings, Inc. (PYPL) traded up 0.03% during trading on Friday, reaching $58.04. 6,962,121 shares of the company’s stock were exchanged. The firm has a market cap of $69.79 billion, a price-to-earnings ratio of 46.81 and a beta of 0.99. PayPal Holdings, Inc. has a 12 month low of $36.30 and a 12 month high of $61.30. The firm’s 50-day moving average price is $57.01 and its 200-day moving average price is $48.47.
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 analysts’ consensus estimates of $0.43 by $0.03. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post $1.84 EPS for the current year.
PayPal Holdings declared that its Board of Directors has initiated a share repurchase plan on Wednesday, April 26th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the credit services provider to buy up to 9.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
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A number of analysts recently weighed in on the stock. UBS AG reiterated a “neutral” rating and issued a $48.00 price target (up from $44.00) on shares of PayPal Holdings in a research report on Friday, April 28th. Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating and issued a $72.00 price target (up from $60.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Robert W. Baird reiterated an “outperform” rating and issued a $65.00 price target (up from $59.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Citigroup Inc. reiterated a “buy” rating and issued a $67.00 price target (up from $62.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Finally, Vetr upgraded shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 price target on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $59.49.
In other PayPal Holdings news, COO William J. Ready sold 90,000 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $59.25, for a total value of $5,332,500.00. Following the completion of the transaction, the chief operating officer now owns 29,252 shares in the company, valued at approximately $1,733,181. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gary J. Marino sold 1,351 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $59.00, for a total value of $79,709.00. Following the completion of the transaction, the executive vice president now owns 37,492 shares of the company’s stock, valued at approximately $2,212,028. The disclosure for this sale can be found here. Insiders sold a total of 95,852 shares of company stock valued at $5,653,198 in the last 90 days. Corporate insiders own 6.00% of the company’s stock.
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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