SOL Capital Management CO Has $948,000 Stake in Paypal Holdings Inc. (PYPL)
SOL Capital Management CO maintained its position in shares of Paypal Holdings Inc. (NASDAQ:PYPL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,975 shares of the company’s stock at the end of the second quarter. SOL Capital Management CO’s holdings in Paypal Holdings were worth $948,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in PYPL. Franklin Resources Inc. increased its position in shares of Paypal Holdings by 6.1% in the first quarter. Franklin Resources Inc. now owns 520,448 shares of the company’s stock valued at $20,089,000 after buying an additional 29,963 shares during the last quarter. NN Investment Partners Holdings N.V. bought a new stake in Paypal Holdings during the first quarter worth about $1,726,000. Meiji Yasuda Asset Management Co Ltd. increased its stake in Paypal Holdings by 70.5% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,692 shares of the company’s stock worth $490,000 after buying an additional 5,250 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Paypal Holdings by 1,884,000.0% in the first quarter. Canada Pension Plan Investment Board now owns 188,410 shares of the company’s stock worth $7,273,000 after buying an additional 188,400 shares in the last quarter. Finally, 1832 Asset Management L.P. bought a new stake in Paypal Holdings during the first quarter worth about $157,411,000. 78.60% of the stock is owned by hedge funds and other institutional investors.
Paypal Holdings Inc. (NASDAQ:PYPL) traded up 0.61% on Monday, hitting $39.48. 5,279,515 shares of the stock traded hands. The company has a market capitalization of $46.67 billion, a PE ratio of 35.89 and a beta of 1.09. The firm has a 50-day moving average price of $39.41 and a 200-day moving average price of $38.46. Paypal Holdings Inc. has a 12 month low of $30.52 and a 12 month high of $41.75.
Paypal Holdings (NASDAQ:PYPL) last posted its earnings results on Thursday, July 21st. The company reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate 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 last year, the firm posted $0.32 EPS. Analysts forecast that Paypal Holdings Inc. will post $1.50 earnings per share for the current year.
PYPL has been the subject of a number of research analyst reports. Piper Jaffray Cos. reaffirmed a “sell” rating and set a $34.00 price objective on shares of Paypal Holdings in a report on Monday, June 20th. Deutsche Bank AG reaffirmed a “buy” rating and set a $44.00 price objective on shares of Paypal Holdings in a report on Tuesday, June 28th. Credit Agricole SA reaffirmed an “underperform” rating and set a $38.00 price objective on shares of Paypal Holdings in a report on Wednesday, June 29th. Jefferies Group reaffirmed a “buy” rating on shares of Paypal Holdings in a report on Tuesday, July 5th. Finally, Barclays PLC dropped their price objective on shares of Paypal Holdings from $46.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, July 7th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $44.40.
In other Paypal Holdings news, SVP William J. Ready sold 26,037 shares of the firm’s 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 transaction, the senior vice president now owns 105,906 shares of the company’s stock, valued at approximately $4,028,664.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gary J. Marino sold 1,726 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $40.87, for a total transaction of $70,541.62. Following the transaction, the executive vice president now directly owns 44,505 shares in the company, valued at approximately $1,818,919.35. 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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