First Heartland Consultants Inc. Has $310,000 Position in PayPal Holdings, Inc. (PYPL)
First Heartland Consultants Inc. increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,776 shares of the credit services provider’s stock after buying an additional 150 shares during the period. First Heartland Consultants Inc.’s holdings in PayPal Holdings were worth $310,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in PYPL. Thompson Davis & CO. Inc. raised its stake in 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 during the period. Crestwood Advisors Group LLC bought a new stake in PayPal Holdings during the first quarter worth approximately $106,000. Stelac Advisory Services LLC bought a new stake in PayPal Holdings during the first quarter worth approximately $119,000. Clean Yield Group bought a new stake in PayPal Holdings during the first quarter worth approximately $127,000. Finally, Archford Capital Strategies LLC raised its stake in PayPal Holdings by 65.4% in the first quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock worth $139,000 after buying an additional 1,281 shares during the period. Hedge funds and other institutional investors own 81.54% of the company’s stock.
PayPal Holdings, Inc. (NASDAQ:PYPL) opened at 59.29 on Friday. PayPal Holdings, Inc. has a one year low of $36.30 and a one year high of $61.30. The firm’s 50-day moving average price is $57.67 and its 200 day moving average price is $48.99. The company has a market capitalization of $71.29 billion, a price-to-earnings ratio of 47.81 and a beta of 0.99. PayPal Holdings also was the target of some unusual options trading activity on Wednesday. Investors acquired 3,225 call options on the company. This represents an increase of 657% compared to the average daily volume of 426 call options.
PayPal Holdings (NASDAQ:PYPL) last announced its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.09 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 EPS. On average, equities research analysts expect that PayPal Holdings, Inc. will post $1.83 earnings per share for the current fiscal year.
PayPal Holdings announced that its board has approved a stock repurchase program on Wednesday, April 26th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the credit services provider to repurchase up to 9.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
WARNING: “First Heartland Consultants Inc. Has $310,000 Position in PayPal Holdings, Inc. (PYPL)” was originally published by Daily Political and is the property of of Daily Political. If you are viewing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this story can be accessed at https://www.dailypolitical.com/2017/08/18/first-heartland-consultants-inc-has-310000-position-in-paypal-holdings-inc-pypl.html.
A number of research firms have commented on PYPL. Vetr upgraded PayPal Holdings from a “hold” rating to a “buy” rating and set a $55.01 price target on the stock in a research report on Tuesday, July 4th. Oppenheimer Holdings, Inc. upped their price target on PayPal Holdings from $50.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Morgan Stanley upped their price target on PayPal Holdings from $42.00 to $44.00 and gave the company an “equal weight” rating in a research report on Friday, April 28th. Cowen and Company reiterated a “market perform” rating and issued a $52.00 price target (up previously from $48.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $52.00 price target on shares of PayPal Holdings in a research report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company. PayPal Holdings presently has a consensus rating of “Buy” and an average target price of $59.49.
In other PayPal Holdings news, EVP Gary J. Marino sold 1,351 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $54.03, for a total transaction of $72,994.53. Following the completion of the sale, the executive vice president now directly owns 37,491 shares in the company, valued at approximately $2,025,638.73. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Gary J. Marino sold 1,350 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $52.48, for a total value of $70,848.00. Following the completion of the sale, the executive vice president now owns 37,491 shares of the company’s stock, valued at $1,967,527.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 265,852 shares of company stock valued at $15,543,798. Company insiders own 6.00% of the company’s stock.
PayPal Holdings Company Profile
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.
Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL).
Receive News & Ratings for PayPal Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.