Paypal Holdings Inc. (PYPL) Stake Increased by Grandfield & Dodd LLC
Grandfield & Dodd LLC raised its stake in shares of Paypal Holdings Inc. (NASDAQ:PYPL) by 3.4% during the second quarter, Holdings Channel reports. The firm owned 276,451 shares of the company’s stock after buying an additional 9,209 shares during the period. Grandfield & Dodd LLC’s holdings in Paypal Holdings were worth $10,093,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in shares of Paypal Holdings during the second quarter valued at about $132,000. NEXT Financial Group Inc raised its position 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 valued at $167,000 after buying an additional 2,150 shares during the period. Seven Eight Capital LLC acquired a new position in shares of Paypal Holdings during the first quarter valued at about $205,000. Acadian Asset Management LLC raised its position 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 valued at $209,000 after buying an additional 1,984 shares during the period. Finally, First Niagara Bank acquired a new position in shares of Paypal Holdings during the second quarter valued at about $219,000. Institutional investors and hedge funds own 78.77% of the company’s stock.
Paypal Holdings Inc. (NASDAQ:PYPL) traded up 0.47% during mid-day trading on Tuesday, reaching $40.78. 5,046,382 shares of the company’s stock were exchanged. The stock has a market capitalization of $48.20 billion, a PE ratio of 37.07 and a beta of 1.09. Paypal Holdings Inc. has a 1-year low of $30.52 and a 1-year high of $41.75. The firm’s 50-day moving average is $38.95 and its 200 day moving average is $38.44.
Paypal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. Paypal Holdings had a net margin of 13.55% and a return on equity of 10.60%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period last year, the firm posted $0.32 EPS. Analysts forecast that Paypal Holdings Inc. will post $1.50 earnings per share for the current fiscal year.
Several research firms have recently weighed in on PYPL. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Paypal Holdings in a research note on Saturday, July 9th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Paypal Holdings in a research note on Sunday, July 17th. Jefferies Group reaffirmed a “buy” rating on shares of Paypal Holdings in a research note on Monday, July 11th. Pacific Crest reaffirmed a “hold” rating on shares of Paypal Holdings in a research note on Friday, July 22nd. Finally, Piper Jaffray Cos. reaffirmed an “underweight” rating and set a $34.00 price target on shares of Paypal Holdings in a research note on Tuesday, June 14th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-one have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.01.
In other news, SVP Tomer Barel sold 5,862 shares of Paypal Holdings stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $37.21, for a total value of $218,125.02. Following the sale, the senior vice president now owns 27,017 shares of the company’s stock, valued at $1,005,302.57. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP William J. Ready sold 26,037 shares of Paypal Holdings stock in a transaction dated Tuesday, July 26th. The shares were 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 in the company, valued at approximately $4,028,664.24. The disclosure for this sale can be found here. Company 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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