OMERS ADMINISTRATION Corp Continues to Hold Position in PayPal Holdings, Inc. (PYPL)
OMERS ADMINISTRATION Corp maintained its position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,100 shares of the credit services provider’s stock at the end of the second quarter. OMERS ADMINISTRATION Corp’s holdings in PayPal Holdings were worth $918,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of PayPal Holdings by 3.5% during 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 during the period. FMR LLC grew its position in shares of PayPal Holdings by 28.2% during 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 during the period. BlackRock Inc. grew its position in shares of PayPal Holdings by 2,792.8% during 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 during the period. Edgewood Management LLC grew its position in shares of PayPal Holdings by 3.7% during 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 during the period. Finally, Wellington Management Group LLP grew its position in shares of PayPal Holdings by 15.4% during 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 during the period. 82.55% of the stock is owned by hedge funds and other institutional investors.
In other PayPal Holdings news, COO William J. Ready sold 90,000 shares of the stock in a transaction dated 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 directly owns 29,252 shares in the company, valued at approximately $1,733,181. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Gary J. Marino sold 1,351 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $54.03, for a total transaction of $72,994.53. Following the transaction, the executive vice president now owns 37,491 shares in the company, valued at $2,025,638.73. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 262,702 shares of company stock worth $15,375,804. 6.00% of the stock is owned by company insiders.
Several research analysts recently commented on PYPL shares. Zacks Investment Research raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a report on Wednesday, July 19th. Credit Suisse Group reaffirmed an “outperform” rating on shares of PayPal Holdings in a report on Tuesday, September 5th. BidaskClub raised shares of PayPal Holdings from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Stifel Nicolaus downgraded shares of PayPal Holdings from a “buy” rating to a “hold” rating and cut their price objective for the stock 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 price objective on shares of PayPal Holdings and gave the stock a “buy” rating in a report on Wednesday, June 28th. Eleven equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $60.54.
Shares of PayPal Holdings, Inc. (PYPL) opened at 62.50 on Friday. PayPal Holdings, Inc. has a 1-year low of $38.06 and a 1-year high of $63.26. The company has a market cap of $75.15 billion, a price-to-earnings ratio of 50.40 and a beta of 0.98. The company’s 50-day moving average is $62.40 and its 200 day moving average is $53.58. PayPal Holdings also saw unusually large options trading activity on Wednesday. Traders bought 3,225 call options on the stock. This is an increase of approximately 657% compared to the average volume of 426 call options.
PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The company 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 firm’s revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 EPS. Equities analysts anticipate that PayPal Holdings, Inc. will post $1.84 EPS for the current year.
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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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