PayPal Holdings, Inc. (NASDAQ:PYPL) Stake Maintained by P.A.W. Capital Corp
P.A.W. Capital Corp maintained its position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 20,000 shares of the credit services provider’s stock at the end of the second quarter. P.A.W. Capital Corp’s holdings in PayPal Holdings were worth $1,073,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. raised its position in shares of PayPal Holdings by 36.7% in the first quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock worth $104,000 after buying an additional 649 shares in the last quarter. Crestwood Advisors Group LLC bought a new position in shares of PayPal Holdings during the first quarter worth about $106,000. Carroll Financial Associates Inc. raised its position in shares of PayPal Holdings by 41.7% in the first quarter. Carroll Financial Associates Inc. now owns 2,516 shares of the credit services provider’s stock worth $108,000 after buying an additional 740 shares in the last quarter. Stelac Advisory Services LLC bought a new position in shares of PayPal Holdings during the first quarter worth about $119,000. Finally, Clean Yield Group bought a new position in shares of PayPal Holdings during the first quarter worth about $127,000. Institutional investors and hedge funds own 81.31% of the company’s stock.
PayPal Holdings, Inc. (PYPL) traded up 0.03% during mid-day trading on Friday, reaching $58.04. 6,962,121 shares of the company’s stock were exchanged. PayPal Holdings, Inc. has a 52 week low of $36.30 and a 52 week high of $61.30. The stock has a market cap of $69.79 billion, a P/E ratio of 46.81 and a beta of 0.99. The stock has a 50-day moving average price of $57.01 and a 200-day moving average price of $48.47.
PayPal Holdings (NASDAQ:PYPL) last posted its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.09 billion. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 EPS. On average, analysts forecast that PayPal Holdings, Inc. will post $1.84 earnings per share for the current year.
PayPal Holdings declared that its board has authorized a stock buyback plan on Wednesday, April 26th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the credit services provider to reacquire up to 9.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
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A number of brokerages recently issued reports on PYPL. Royal Bank Of Canada increased their target price on shares of PayPal Holdings from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Thursday, April 27th. Monness Crespi & Hardt increased their target price on shares of PayPal Holdings from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, April 27th. UBS AG reiterated a “neutral” rating and issued a $48.00 target price (up previously from $44.00) on shares of PayPal Holdings in a research report on Friday, April 28th. Vetr upgraded shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $51.23 target price for the company in a research report on Wednesday, May 17th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $62.00 target price (up previously from $52.00) on shares of PayPal Holdings in a research report on Friday, June 9th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $59.49.
In other news, COO William J. Ready sold 90,000 shares of PayPal Holdings stock in a transaction dated Monday, July 31st. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gail J. Mcgovern sold 1,800 shares of PayPal Holdings stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $53.97, for a total value of $97,146.00. Following the transaction, the director now owns 12,647 shares in the company, valued at approximately $682,558.59. The disclosure for this sale can be found here. Insiders have sold a total of 95,852 shares of company stock valued at $5,653,198 over 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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