Livforsakringsbolaget Skandia Omsesidigt Has $1,112,000 Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)
Livforsakringsbolaget Skandia Omsesidigt continued to hold its position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,726 shares of the credit services provider’s stock at the end of the second quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in PayPal Holdings were worth $1,112,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. boosted its position in PayPal Holdings by 236.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 14,586 shares of the credit services provider’s stock valued at $627,000 after buying an additional 10,250 shares during the last quarter. Comerica Bank boosted its position in PayPal Holdings by 2.3% in the first quarter. Comerica Bank now owns 466,588 shares of the credit services provider’s stock valued at $21,999,000 after buying an additional 10,270 shares during the last quarter. Clean Yield Group purchased a new position in PayPal Holdings during the first quarter valued at $127,000. Checchi Capital Advisers LLC boosted its position in PayPal Holdings by 8.6% in the first quarter. Checchi Capital Advisers LLC now owns 12,907 shares of the credit services provider’s stock valued at $555,000 after buying an additional 1,025 shares during the last quarter. Finally, Good Life Advisors LLC purchased a new position in PayPal Holdings during the first quarter valued at $248,000. 81.31% of the stock is currently owned by institutional investors.
PayPal Holdings, Inc. (PYPL) traded down 1.7763% during midday trading on Thursday, reaching $58.6101. 1,954,701 shares of the company’s stock traded hands. PayPal Holdings, Inc. has a 1-year low of $36.28 and a 1-year high of $61.30. The stock’s 50 day moving average price is $56.76 and its 200 day moving average price is $48.28. The firm has a market cap of $70.47 billion, a price-to-earnings ratio of 47.2662 and a beta of 0.99.
PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.36 EPS. Equities research analysts anticipate that PayPal Holdings, Inc. will post $1.84 EPS for the current year.
PayPal Holdings declared that its board has initiated a share buyback plan on Wednesday, April 26th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to buy up to 9.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
PYPL has been the topic of several research analyst reports. Piper Jaffray Companies reiterated an “underweight” rating and set a $41.00 price objective on shares of PayPal Holdings in a research report on Friday, April 14th. Credit Suisse Group restated an “outperform” rating and set a $47.00 price target on shares of PayPal Holdings in a report on Monday, April 17th. Wedbush restated an “outperform” rating and set a $54.00 price target on shares of PayPal Holdings in a report on Wednesday, April 19th. Jefferies Group LLC restated a “buy” rating and set a $52.00 price target on shares of PayPal Holdings in a report on Wednesday, April 19th. Finally, Stifel Nicolaus restated a “buy” rating and set a $49.00 price target on shares of PayPal Holdings in a report on Sunday, April 23rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $59.49.
In related news, EVP Gary J. Marino sold 1,350 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $52.48, for a total transaction of $70,848.00. Following the transaction, the executive vice president now owns 37,491 shares in the company, valued at approximately $1,967,527.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO William J. Ready sold 90,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the transaction, the chief operating officer now owns 29,252 shares in the company, valued at approximately $1,733,181. The disclosure for this sale can be found here. Insiders sold a total of 95,852 shares of company stock worth $5,653,198 in the last 90 days. Corporate insiders own 6.00% of the company’s stock.
About PayPal Holdings
PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.
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