Lindsell Train Ltd increased its stake 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 fund owned 6,289,257 shares of the credit services provider’s stock after buying an additional 7,274 shares during the period. PayPal Holdings comprises approximately 13.1% of Lindsell Train Ltd’s portfolio, making the stock its 2nd largest position. Lindsell Train Ltd owned 0.52% of PayPal Holdings worth $337,544,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Cubic Asset Management LLC raised its position in PayPal Holdings by 19.6% in the first quarter. Cubic Asset Management LLC now owns 11,660 shares of the credit services provider’s stock valued at $502,000 after buying an additional 1,910 shares in the last quarter. Glen Harbor Capital Management LLC raised its position in PayPal Holdings by 23.9% in the first quarter. Glen Harbor Capital Management LLC now owns 27,540 shares of the credit services provider’s stock valued at $1,185,000 after buying an additional 5,304 shares in the last quarter. NBT Bank N A NY bought a new position in PayPal Holdings during the first quarter valued at about $205,000. Acadian Asset Management LLC raised its position in PayPal Holdings by 61.6% in the first quarter. Acadian Asset Management LLC now owns 6,432 shares of the credit services provider’s stock valued at $277,000 after buying an additional 2,453 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in PayPal Holdings by 58.0% in the first quarter. Fisher Asset Management LLC now owns 469,322 shares of the credit services provider’s stock valued at $20,190,000 after buying an additional 172,364 shares in the last quarter. 81.54% of the stock is owned by hedge funds and other institutional investors.
Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) opened at 59.97 on Friday. The stock has a market capitalization of $72.11 billion, a PE ratio of 48.36 and a beta of 0.99. The stock’s 50 day moving average price is $58.61 and its 200 day moving average price is $49.86. PayPal Holdings, Inc. has a one year low of $36.30 and a one year high of $61.30.
PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates 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 was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 EPS. Equities research analysts predict that PayPal Holdings, Inc. will post $1.83 EPS for the current fiscal year.
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Several research firms have recently issued reports on PYPL. Citigroup Inc. reaffirmed a “buy” rating and issued a $67.00 price target (up previously from $62.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Barclays PLC lifted their price objective on PayPal Holdings from $63.00 to $66.00 and gave the stock an “overweight” rating in a report on Thursday, July 27th. Stifel Nicolaus reiterated a “hold” rating and issued a $61.00 price objective (up from $51.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Robert W. Baird reiterated an “outperform” rating and issued a $65.00 price objective (up from $59.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Finally, Raymond James Financial, Inc. lifted their price objective on PayPal Holdings from $52.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the stock. PayPal Holdings currently has an average rating of “Buy” and a consensus target price of $59.49.
In other PayPal Holdings news, COO William J. Ready sold 90,000 shares of the 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 approximately $1,733,181. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Gary J. Marino sold 1,350 shares of the stock in a transaction on Thursday, June 1st. The shares were 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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