Isthmus Partners LLC Has $4,649,000 Stake in PayPal Holdings, Inc. (PYPL)
Isthmus Partners LLC reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.6% during the third quarter, Holdings Channel reports. The institutional investor owned 117,606 shares of the company’s stock after selling 758 shares during the period. Isthmus Partners LLC’s holdings in PayPal Holdings were worth $4,649,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of PYPL. Quadrant Capital Group LLC boosted its stake in shares of PayPal Holdings by 0.7% in the third quarter. Quadrant Capital Group LLC now owns 5,992 shares of the company’s stock worth $238,000 after buying an additional 40 shares in the last quarter. Charter Trust Co. boosted its stake in shares of PayPal Holdings by 0.8% in the third quarter. Charter Trust Co. now owns 6,341 shares of the company’s stock worth $260,000 after buying an additional 50 shares in the last quarter. Gradient Investments LLC boosted its stake in shares of PayPal Holdings by 0.6% in the third quarter. Gradient Investments LLC now owns 8,432 shares of the company’s stock worth $345,000 after buying an additional 54 shares in the last quarter. Winslow Evans & Crocker Inc. boosted its stake in shares of PayPal Holdings by 3.5% in the third quarter. Winslow Evans & Crocker Inc. now owns 2,438 shares of the company’s stock worth $100,000 after buying an additional 82 shares in the last quarter. Finally, Parsons Capital Management Inc. RI boosted its stake in shares of PayPal Holdings by 0.3% in the second quarter. Parsons Capital Management Inc. RI now owns 32,090 shares of the company’s stock worth $1,172,000 after buying an additional 92 shares in the last quarter. 79.65% of the stock is currently owned by hedge funds and other institutional investors.
PayPal Holdings, Inc. (NASDAQ:PYPL) traded up 0.24% on Friday, hitting $41.66. 1,571,271 shares of the company’s stock traded hands. PayPal Holdings, Inc. has a one year low of $30.52 and a one year high of $44.52. The stock has a 50-day moving average of $39.77 and a 200-day moving average of $39.15. The stock has a market cap of $49.16 billion, a PE ratio of 36.87 and a beta of 0.91.
PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, October 20th. The company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. PayPal Holdings had a net margin of 13.23% and a return on equity of 10.67%. The company earned $2.67 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the previous year, the company earned $0.31 earnings per share. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. On average, equities analysts forecast that PayPal Holdings, Inc. will post $1.50 earnings per share for the current fiscal year.
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A number of brokerages have recently commented on PYPL. Sanford C. Bernstein set a $44.00 price target on PayPal Holdings and gave the stock a “hold” rating in a research report on Sunday, January 8th. Zacks Investment Research raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Friday. Robert W. Baird reissued an “outperform” rating and issued a $48.00 price target on shares of PayPal Holdings in a research report on Tuesday, December 13th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $49.00 price target (up from $47.00) on shares of PayPal Holdings in a research report on Sunday, October 23rd. Finally, Monness Crespi & Hardt raised PayPal Holdings from a “neutral” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Tuesday, January 3rd. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $45.96.
In other PayPal Holdings news, VP Aaron Anderson sold 2,644 shares of PayPal Holdings stock in a transaction on Monday, October 31st. The shares were sold at an average price of $41.78, for a total value of $110,466.32. Following the completion of the transaction, the vice president now owns 10,043 shares of the company’s stock, valued at $419,596.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Tomer Barel sold 28,768 shares of PayPal Holdings stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $41.84, for a total transaction of $1,203,653.12. Following the completion of the transaction, the executive vice president now directly owns 47,283 shares of the company’s stock, valued at approximately $1,978,320.72. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by company insiders.
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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