Trillium Asset Management LLC increased its stake in Paypal Holdings Inc. (NASDAQ:PYPL) by 8.1% during the second quarter, Holdings Channel reports. The firm owned 530,506 shares of the company’s stock after buying an additional 39,906 shares during the period. Paypal Holdings comprises about 1.3% of Trillium Asset Management LLC’s portfolio, making the stock its 15th largest position. Trillium Asset Management LLC’s holdings in Paypal Holdings were worth $19,369,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in Paypal Holdings during the second quarter valued at $132,000. NEXT Financial Group Inc raised its position in Paypal Holdings by 88.6% in the second quarter. NEXT Financial Group Inc now owns 4,576 shares of the company’s stock valued at $167,000 after buying an additional 2,150 shares during the period. Seven Eight Capital LLC bought a new position in Paypal Holdings during the first quarter valued at $205,000. Acadian Asset Management LLC raised its position in Paypal Holdings by 53.2% in the second quarter. Acadian Asset Management LLC now owns 5,713 shares of the company’s stock valued at $209,000 after buying an additional 1,984 shares during the period. Finally, First Niagara Bank bought a new position in Paypal Holdings during the second quarter valued at $219,000. 78.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Paypal Holdings Inc. (NASDAQ:PYPL) traded up 0.47% during trading on Tuesday, reaching $40.78. The company’s stock had a trading volume of 5,044,555 shares. The stock’s 50-day moving average is $38.95 and its 200-day moving average is $38.44. Paypal Holdings Inc. has a 12-month low of $30.52 and a 12-month high of $41.75. The stock has a market cap of $48.20 billion, a P/E ratio of 37.07 and a beta of 1.09.
Paypal Holdings (NASDAQ:PYPL) last posted its quarterly earnings results 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 earned $2.65 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same period last year, the company earned $0.32 earnings per share. Equities research analysts anticipate that Paypal Holdings Inc. will post $1.50 earnings per share for the current fiscal year.
Several research analysts have recently commented on PYPL shares. Cantor Fitzgerald reiterated a “buy” rating on shares of Paypal Holdings in a research note on Saturday, July 9th. Vetr downgraded Paypal Holdings from a “strong-buy” rating to a “buy” rating and set a $40.53 target price for the company. in a research note on Monday, July 11th. Jefferies Group reiterated a “buy” rating on shares of Paypal Holdings in a research note on Tuesday, July 5th. Deutsche Bank AG reiterated a “buy” rating and set a $44.00 target price on shares of Paypal Holdings in a research note on Tuesday, June 28th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Paypal Holdings in a research note on Tuesday, July 12th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $44.01.
In related news, SVP William J. Ready sold 48,963 shares of Paypal Holdings stock in a transaction on Friday, August 5th. The stock was sold at an average price of $38.00, for a total transaction of $1,860,594.00. Following the completion of the sale, the senior vice president now owns 56,943 shares of the company’s stock, valued at $2,163,834. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Tomer Barel sold 5,862 shares of Paypal Holdings stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $37.21, for a total value of $218,125.02. Following the sale, the senior vice president now directly owns 27,017 shares of the company’s stock, valued at approximately $1,005,302.57. The disclosure for this sale can be found here. 7.00% of the stock is owned by insiders.
About Paypal Holdings
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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