Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in Paypal Holdings Inc. (NASDAQ:PYPL) during the second quarter, Holdings Channel reports. The firm acquired 3,619 shares of the company’s stock, valued at approximately $132,000.
A number of other large investors have also made changes to their positions in PYPL. Artemis Investment Management LLP raised its stake in shares of Paypal Holdings by 60.6% in the second quarter. Artemis Investment Management LLP now owns 342,141 shares of the company’s stock valued at $12,495,000 after buying an additional 129,047 shares in the last quarter. National Pension Service raised its stake in shares of Paypal Holdings by 3.9% in the first quarter. National Pension Service now owns 659,018 shares of the company’s stock valued at $25,438,000 after buying an additional 24,650 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Paypal Holdings by 12.8% in the first quarter. Wellington Management Group LLP now owns 2,700,708 shares of the company’s stock valued at $104,248,000 after buying an additional 305,764 shares in the last quarter. Orbis Allan Gray Ltd purchased a new stake in shares of Paypal Holdings during the first quarter valued at about $606,807,000. Finally, Slate Path Capital LP raised its stake in shares of Paypal Holdings by 13.1% in the first quarter. Slate Path Capital LP now owns 5,345,000 shares of the company’s stock valued at $206,317,000 after buying an additional 620,000 shares in the last quarter. Hedge funds and other institutional investors own 78.77% of the company’s stock.
Shares of Paypal Holdings Inc. (NASDAQ:PYPL) traded down 0.93% during trading on Monday, hitting $40.59. The stock had a trading volume of 6,924,977 shares. The stock has a market capitalization of $47.98 billion, a price-to-earnings ratio of 36.90 and a beta of 1.09. The stock has a 50 day moving average price of $38.95 and a 200-day moving average price of $38.44. Paypal Holdings Inc. has a one year low of $30.52 and a one year high of $41.75.
Paypal Holdings (NASDAQ:PYPL) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.36 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.36. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter last year, the company earned $0.32 EPS. On average, equities research analysts predict that Paypal Holdings Inc. will post $1.50 earnings per share for the current year.
Several brokerages have recently issued reports on PYPL. Cantor Fitzgerald reiterated a “buy” rating on shares of Paypal Holdings in a report on Saturday, July 9th. Deutsche Bank AG restated a “buy” rating on shares of Paypal Holdings in a report on Sunday, July 17th. Credit Agricole SA restated an “underperform” rating and issued a $38.00 target price on shares of Paypal Holdings in a report on Wednesday, June 29th. Wells Fargo & Co. lowered Paypal Holdings from an “outperform” rating to a “market perform” rating in a report on Friday, July 22nd. Finally, Oppenheimer Holdings Inc. began coverage on Paypal Holdings in a report on Thursday, June 16th. They issued an “outperform” rating and a $42.00 target price for the company. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.98.
In related news, SVP Tomer Barel sold 5,862 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $37.21, for a total transaction of $218,125.02. Following the sale, the senior vice president now owns 27,017 shares of the company’s stock, valued at approximately $1,005,302.57. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP William J. Ready sold 26,037 shares of the firm’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $38.04, for a total value of $990,447.48. Following the sale, the senior vice president now directly owns 105,906 shares in the company, valued at approximately $4,028,664.24. The disclosure for this sale can be found here. 7.00% of the stock is owned by insiders.
Paypal Holdings Company Profile
PayPal Holdings, Inc (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.
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