Manchester Capital Management LLC Has $319,000 Stake in PayPal Holdings, Inc. (PYPL)
Manchester Capital Management LLC continued to hold its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,942 shares of the credit services provider’s stock at the end of the second quarter. Manchester Capital Management LLC’s holdings in PayPal Holdings were worth $319,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of PYPL. Thompson Davis & CO. Inc. lifted its stake in shares of PayPal Holdings by 36.7% during the first quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock valued at $104,000 after acquiring an additional 649 shares during the period. Stelac Advisory Services LLC acquired a new position in shares of PayPal Holdings during the first quarter valued at $119,000. Clean Yield Group acquired a new position in shares of PayPal Holdings during the first quarter valued at $127,000. Archford Capital Strategies LLC lifted its stake in shares of PayPal Holdings by 65.4% during the first quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock valued at $139,000 after acquiring an additional 1,281 shares during the period. Finally, First Personal Financial Services lifted its stake in shares of PayPal Holdings by 73.4% during the first quarter. First Personal Financial Services now owns 3,494 shares of the credit services provider’s stock valued at $150,000 after acquiring an additional 1,479 shares during the period. 82.46% of the stock is currently owned by institutional investors and hedge funds.
In other PayPal Holdings news, COO William J. Ready sold 90,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Gary J. Marino sold 1,351 shares of the business’s 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 sale, 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. Insiders have sold a total of 262,702 shares of company stock valued at $15,375,804 over the last three months. Corporate insiders own 6.00% of the company’s stock.
PayPal Holdings, Inc. (NASDAQ:PYPL) opened at 65.08 on Friday. The firm has a 50-day moving average price of $62.68 and a 200-day moving average price of $62.68. The company has a market capitalization of $78.25 billion, a P/E ratio of 52.48 and a beta of 0.98. PayPal Holdings, Inc. has a 1-year low of $38.06 and a 1-year high of $65.24.
PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The firm 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 EPS. On average, analysts forecast that PayPal Holdings, Inc. will post $1.83 EPS for the current fiscal year.
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Several equities analysts have recently issued reports on the company. Vetr raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $55.01 price target on the stock in a research note 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 note on Thursday, July 27th. Cowen and Company reaffirmed a “market perform” rating and set a $52.00 price target (up previously from $48.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $52.00 price target on shares of PayPal Holdings in a research note on Wednesday, July 5th. Finally, Instinet upped their price target on PayPal Holdings from $54.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, June 6th. Eleven equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $60.78.
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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