BDO Wealth Advisors LLC Takes $297,000 Position in PayPal Holdings, Inc. (PYPL)
BDO Wealth Advisors LLC acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,535 shares of the credit services provider’s stock, valued at approximately $297,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its position in 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 acquiring an additional 2,549,683 shares in the last quarter. FMR LLC grew its position in 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 acquiring an additional 13,296,056 shares in the last quarter. BlackRock Inc. grew its position in 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 acquiring an additional 58,026,239 shares in the last quarter. Edgewood Management LLC grew its position in 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 acquiring an additional 663,087 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in 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 acquiring an additional 1,982,305 shares in the last quarter. Hedge funds and other institutional investors own 82.55% of the company’s stock.
Shares of PayPal Holdings, Inc. (NASDAQ PYPL) opened at 62.24 on Friday. PayPal Holdings, Inc. has a 1-year low of $38.06 and a 1-year high of $63.26. The stock has a market cap of $74.84 billion, a PE ratio of 50.19 and a beta of 0.98. The stock’s 50 day moving average price is $62.37 and its 200 day moving average price is $51.37. PayPal Holdings also was the recipient of some unusual options trading on Wednesday. Investors acquired 3,225 call options on the stock. This is an increase of approximately 657% compared to the typical 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 the 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 return on equity of 11.10% and a net margin of 12.82%. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 EPS. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post $1.83 EPS for the current fiscal year.
In other PayPal Holdings news, EVP Gary J. Marino sold 1,351 shares of PayPal Holdings stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $54.03, for a total transaction of $72,994.53. Following the sale, the executive vice president now owns 37,491 shares of the company’s stock, valued at approximately $2,025,638.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO William J. Ready sold 90,000 shares of PayPal Holdings stock in a transaction on Monday, July 31st. The shares were sold at an average price of $59.25, for a total value of $5,332,500.00. Following the sale, the chief operating officer now directly owns 29,252 shares in the company, valued at approximately $1,733,181. The disclosure for this sale can be found here. Insiders have sold a total of 262,702 shares of company stock worth $15,375,804 in the last ninety days. 6.00% of the stock is owned by company insiders.
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PYPL has been the subject of several research reports. TheStreet raised PayPal Holdings from a “c” rating to a “b-” rating in a research report on Monday, July 3rd. Vetr raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $54.78 target price for the company in a research report on Wednesday, June 21st. BidaskClub downgraded PayPal Holdings from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Instinet lifted their target price on PayPal Holdings from $54.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, June 6th. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $62.00 target price (up 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 assigned a buy rating and two have given a strong buy rating to the company. PayPal Holdings presently has an average rating of “Buy” and a consensus price target of $59.93.
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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