PayPal Holdings, Inc. (PYPL) Holdings Reduced by Intellectus Partners LLC
Intellectus Partners LLC reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 39,553 shares of the credit services provider’s stock after selling 81 shares during the period. PayPal Holdings comprises approximately 1.0% of Intellectus Partners LLC’s holdings, making the stock its 22nd biggest holding. Intellectus Partners LLC’s holdings in PayPal Holdings were worth $2,123,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Stelac Advisory Services LLC purchased a new stake in PayPal Holdings in the 1st quarter worth approximately $119,000. Harvest Fund Management Co. Ltd grew its stake in PayPal Holdings by 171.4% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock worth $154,000 after acquiring an additional 1,808 shares during the period. MV Capital Management Inc. grew its stake in PayPal Holdings by 7.2% in the 2nd quarter. MV Capital Management Inc. now owns 2,963 shares of the credit services provider’s stock worth $159,000 after acquiring an additional 199 shares during the period. Archford Capital Strategies LLC grew its stake in PayPal Holdings by 65.4% in the 1st quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock worth $139,000 after acquiring an additional 1,281 shares during the period. Finally, Balentine LLC grew its stake in PayPal Holdings by 28.7% in the 1st quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock worth $150,000 after acquiring an additional 780 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.
Several analysts have commented on the stock. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $68.00 target price (up from $57.00) on shares of PayPal Holdings in a research note on Friday. Jefferies Group LLC lifted their target price on shares of PayPal Holdings from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday. Mizuho reaffirmed a “hold” rating and issued a $50.00 target price on shares of PayPal Holdings in a research note on Sunday. Credit Suisse Group reissued an “outperform” rating and set a $70.00 price objective (up from $63.00) on shares of PayPal Holdings in a research note on Tuesday, October 10th. Finally, Barclays PLC boosted their price objective on shares of PayPal Holdings from $69.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $64.54.
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Shares of PayPal Holdings, Inc. (PYPL) opened at 68.42 on Monday. The company’s 50 day moving average is $64.38 and its 200-day moving average is $64.38. The company has a market cap of $82.27 billion, a P/E ratio of 55.18 and a beta of 0.98. PayPal Holdings, Inc. has a 12 month low of $38.06 and a 12 month high of $69.61.
PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period last year, the firm posted $0.36 EPS. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. Analysts expect that PayPal Holdings, Inc. will post $1.84 EPS for the current fiscal year.
In related news, EVP Gary J. Marino sold 1,351 shares of PayPal Holdings stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $59.00, for a total transaction of $79,709.00. Following the completion of the transaction, the executive vice president now directly owns 37,492 shares of the company’s stock, valued at approximately $2,212,028. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO William J. Ready sold 90,000 shares of PayPal Holdings 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 of the company’s stock, valued at $1,733,181. The disclosure for this sale can be found here. Insiders have sold a total of 261,351 shares of company stock valued at $15,302,809 over the last three months. 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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