Quadrant Capital Group LLC Lowers Position in Paypal Holdings Inc. (PYPL)
Quadrant Capital Group LLC reduced its stake in shares of Paypal Holdings Inc. (NASDAQ:PYPL) by 2.3% during the second quarter, Holdings Channel reports. The fund owned 5,952 shares of the company’s stock after selling 141 shares during the period. Quadrant Capital Group LLC’s holdings in Paypal Holdings were worth $210,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of Paypal Holdings during the second quarter worth $132,000. NEXT Financial Group Inc increased 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 in the last quarter. Seven Eight Capital LLC acquired a new stake in shares of Paypal Holdings during the first quarter worth $205,000. Acadian Asset Management LLC increased 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 in the last quarter. Finally, First Niagara Bank acquired a new stake in shares of Paypal Holdings during the second quarter worth $219,000. 78.77% of the stock is currently owned by institutional investors.
Paypal Holdings Inc. (NASDAQ:PYPL) traded down 0.83% during midday trading on Wednesday, hitting $40.44. 6,119,380 shares of the company were exchanged. The stock has a 50 day moving average of $39.02 and a 200-day moving average of $38.45. Paypal Holdings Inc. has a 1-year low of $30.52 and a 1-year high of $41.75. The stock has a market capitalization of $47.80 billion, a price-to-earnings ratio of 36.76 and a beta of 1.10.
Paypal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.36 earnings per share for the quarter, hitting the Zacks’ consensus estimate 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 net margin of 13.55% and a return on equity of 10.60%. During the same quarter in the prior year, the company earned $0.32 earnings per share. Equities analysts expect that Paypal Holdings Inc. will post $1.50 earnings per share for the current year.
A number of equities research analysts have weighed in on the company. Nomura reaffirmed a “buy” rating and issued a $54.00 target price on shares of Paypal Holdings in a report on Wednesday. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $41.00 target price on shares of Paypal Holdings in a report on Wednesday. Vetr raised Paypal Holdings from a “hold” rating to a “buy” rating and set a $42.50 target price on the stock in a report on Monday. Zacks Investment Research downgraded Paypal Holdings from a “hold” rating to a “sell” rating in a report on Saturday, September 24th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Paypal Holdings in a report on Friday, September 23rd. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-one have given a buy rating to the company. Paypal Holdings currently has a consensus rating of “Hold” and a consensus target price of $43.95.
In other news, SVP William J. Ready sold 48,963 shares of the stock in a transaction that occurred on Friday, August 5th. The shares were 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 owns 56,943 shares in the company, valued at $2,163,834. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Tomer Barel sold 5,862 shares of the stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $37.21, for a total transaction of $218,125.02. Following the sale, the senior vice president now owns 27,017 shares in the company, valued at approximately $1,005,302.57. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by company insiders.
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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