Diversified Trust Co Cuts Position in Paypal Holdings Inc. (PYPL)
Diversified Trust Co lowered its position in shares of Paypal Holdings Inc. (NASDAQ:PYPL) by 60.2% during the second quarter, Holdings Channel reports. The institutional investor 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 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in PYPL. NEXT Financial Group Inc boosted its stake in shares of Paypal Holdings by 88.6% in the second quarter. NEXT Financial Group Inc now owns 4,576 shares of the company’s stock worth $167,000 after buying an additional 2,150 shares during the period. Seven Eight Capital LLC bought a new stake in shares of Paypal Holdings during the first quarter worth $205,000. Acadian Asset Management LLC boosted its stake in shares of Paypal Holdings by 53.2% in the second quarter. Acadian Asset Management LLC now owns 5,713 shares of the company’s stock worth $209,000 after buying an additional 1,984 shares during the period. First Niagara Bank bought a new stake in shares of Paypal Holdings during the second quarter worth $219,000. Finally, Charter Trust Co. bought a new stake in shares of Paypal Holdings during the second quarter worth $230,000. Institutional investors and hedge funds own 78.77% of the company’s stock.
Paypal Holdings Inc. (NASDAQ:PYPL) traded up 0.50% during mid-day trading on Thursday, reaching $40.49. The company had a trading volume of 5,691,048 shares. The stock has a market capitalization of $47.86 billion, a PE ratio of 36.81 and a beta of 1.13. Paypal Holdings Inc. has a one year low of $30.30 and a one year high of $41.75. The company’s 50-day moving average is $38.33 and its 200-day moving average is $38.36.
Paypal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. The firm earned $2.65 billion during the quarter, compared to analyst estimates 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 company posted $0.32 EPS. Equities research analysts anticipate that Paypal Holdings Inc. will post $1.50 earnings per share for the current year.
A number of equities analysts have commented on PYPL shares. Cantor Fitzgerald reissued a “buy” rating on shares of Paypal Holdings in a research note on Saturday, July 9th. Deutsche Bank AG reissued a “buy” rating on shares of Paypal Holdings in a research note on Sunday, July 17th. Pacific Crest reissued a “hold” rating on shares of Paypal Holdings in a research note on Thursday, June 2nd. Jefferies Group reissued a “buy” rating on shares of Paypal Holdings in a research note on Monday, July 11th. Finally, Needham & Company LLC started coverage on Paypal Holdings in a research note on Thursday, May 26th. They issued a “hold” rating on the stock. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $43.68.
In other Paypal Holdings news, SVP William J. Ready sold 26,037 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $38.04, for a total transaction of $990,447.48. Following the completion of the sale, the senior vice president now directly owns 105,906 shares of the company’s stock, valued at approximately $4,028,664.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tomer Barel sold 5,862 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $37.21, for a total value of $218,125.02. Following the sale, the senior vice president now directly owns 27,017 shares of the company’s stock, valued at $1,005,302.57. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.
Paypal Holdings Company Profile
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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