PayPal Holdings, Inc. (PYPL) Stake Raised by GHP Investment Advisors Inc.
GHP Investment Advisors Inc. grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,299 shares of the credit services provider’s stock after acquiring an additional 1,200 shares during the quarter. GHP Investment Advisors Inc.’s holdings in PayPal Holdings were worth $714,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of PayPal Holdings by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 75,643,714 shares of the credit services provider’s stock valued at $3,254,192,000 after buying an additional 2,549,683 shares in the last quarter. FMR LLC raised its position in shares of PayPal Holdings by 28.2% in the 1st quarter. FMR LLC now owns 60,453,931 shares of the credit services provider’s stock valued at $2,600,728,000 after purchasing an additional 13,296,056 shares during the last quarter. BlackRock Inc. raised its position in shares of PayPal Holdings by 2,792.8% in the 1st quarter. BlackRock Inc. now owns 60,103,922 shares of the credit services provider’s stock valued at $2,585,670,000 after purchasing an additional 58,026,239 shares during the last quarter. Edgewood Management LLC raised its position in shares of PayPal Holdings by 3.7% in the 1st quarter. Edgewood Management LLC now owns 18,568,508 shares of the credit services provider’s stock valued at $798,817,000 after purchasing an additional 663,087 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of PayPal Holdings by 15.4% in the 1st quarter. Wellington Management Group LLP now owns 14,813,195 shares of the credit services provider’s stock valued at $637,263,000 after purchasing an additional 1,982,305 shares during the last quarter. 82.55% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research report on Wednesday, July 19th. BidaskClub raised shares of PayPal Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Credit Suisse Group reaffirmed an “outperform” rating on shares of PayPal Holdings in a report on Tuesday, September 5th. Stifel Nicolaus lowered shares of PayPal Holdings from a “buy” rating to a “hold” rating and cut their target price for the company from $51.05 to $51.00 in a report on Thursday, May 25th. They noted that the move was a valuation call. Finally, Craig Hallum set a $65.00 target price on shares of PayPal Holdings and gave the company a “buy” rating in a report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $59.93.
PayPal Holdings, Inc. (PYPL) opened at 62.04 on Thursday. The stock has a 50 day moving average price of $62.60 and a 200 day moving average price of $48.30. The firm has a market cap of $74.60 billion, a price-to-earnings ratio of 50.03 and a beta of 0.98. PayPal Holdings, Inc. has a 12 month low of $38.06 and a 12 month high of $63.26. PayPal Holdings also was the recipient of some unusual options trading on Wednesday. Traders bought 3,225 call options on the stock. This is an increase of approximately 657% compared to the average daily volume of 426 call options.
PayPal Holdings (NASDAQ:PYPL) last issued its 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. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the prior year, the firm posted $0.36 EPS. PayPal Holdings’s quarterly revenue was up 18.3% compared to the same quarter last year. On average, equities analysts expect that PayPal Holdings, Inc. will post $1.83 earnings per share for the current fiscal year.
In other news, COO William J. Ready sold 90,000 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $59.25, for a total value of $5,332,500.00. Following the completion of the transaction, the chief operating officer now directly owns 29,252 shares of the company’s stock, valued at approximately $1,733,181. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Gary J. Marino sold 1,351 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $54.03, for a total value of $72,994.53. Following the completion of the transaction, the executive vice president now directly owns 37,491 shares of the company’s stock, valued at $2,025,638.73. The disclosure for this sale can be found here. Over the last three months, insiders sold 262,702 shares of company stock valued at $15,375,804. 6.00% of the stock is currently owned by insiders.
PayPal Holdings 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.
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