Diversified Trust Co Cuts Position in Paypal Holdings Inc. (PYPL)
Diversified Trust Co cut its position in shares of Paypal Holdings Inc. (NASDAQ:PYPL) by 60.2% during the second quarter, Holdings Channel reports. The fund owned 51,706 shares of the company’s stock after selling 78,059 shares during the period. Diversified Trust Co’s holdings in Paypal Holdings were worth $1,888,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of PYPL. Jackson Square Partners LLC raised its position in Paypal Holdings by 9.7% in the first quarter. Jackson Square Partners LLC now owns 23,681,753 shares of the company’s stock worth $1,050,603,000 after buying an additional 2,102,685 shares during the period. Orbis Allan Gray Ltd purchased a new position in Paypal Holdings during the first quarter worth about $606,807,000. BlackRock Fund Advisors raised its position in Paypal Holdings by 0.3% in the first quarter. BlackRock Fund Advisors now owns 14,705,330 shares of the company’s stock worth $567,626,000 after buying an additional 39,950 shares during the period. Geode Capital Management LLC raised its position in Paypal Holdings by 2.1% in the first quarter. Geode Capital Management LLC now owns 9,423,035 shares of the company’s stock worth $363,025,000 after buying an additional 196,598 shares during the period. Finally, Vontobel Asset Management Inc. purchased a new position in Paypal Holdings during the first quarter worth about $344,065,000. 78.77% of the stock is currently owned by hedge funds and other institutional investors.
Paypal Holdings Inc. (NASDAQ:PYPL) traded up 0.50% on Thursday, reaching $40.49. The company had a trading volume of 5,691,048 shares. The company’s 50 day moving average price is $38.33 and its 200-day moving average price is $38.36. Paypal Holdings Inc. has a 12 month low of $30.30 and a 12 month high of $41.75. The company has a market capitalization of $47.86 billion, a price-to-earnings ratio of 36.81 and a beta of 1.13.
Paypal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. During the same period in the previous year, the business posted $0.32 earnings per share. On average, equities analysts predict that Paypal Holdings Inc. will post $1.50 earnings per share for the current fiscal year.
A number of research firms have issued reports on PYPL. Jefferies Group restated a “buy” rating and issued a $48.00 target price on shares of Paypal Holdings in a report on Tuesday. Canaccord Genuity lowered shares of Paypal Holdings from a “buy” rating to a “hold” rating and reduced their target price for the company from $45.00 to $40.00 in a report on Monday. Credit Agricole SA set a $38.00 target price on shares of Paypal Holdings and gave the company a “sell” rating in a report on Thursday, September 15th. Deutsche Bank AG restated a “buy” rating and issued a $44.00 target price on shares of Paypal Holdings in a report on Wednesday, September 14th. Finally, Craig Hallum began coverage on shares of Paypal Holdings in a report on Wednesday, September 14th. They issued a “buy” rating and a $52.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $43.68.
In other news, SVP William J. Ready sold 48,963 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $38.00, for a total transaction of $1,860,594.00. Following the sale, the senior vice president now directly owns 56,943 shares in the company, valued at $2,163,834. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP William J. Ready sold 26,037 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $38.04, for a total value of $990,447.48. Following the sale, the senior vice president now owns 105,906 shares in the company, valued at $4,028,664.24. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.
About Paypal Holdings
PayPal Holdings, Inc (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.
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