LMR Partners LLP purchased a new stake in shares of Paypal Holdings Inc. (NASDAQ:PYPL) during the second quarter, according to its most recent filing with the SEC. The fund purchased 46,286 shares of the company’s stock, valued at approximately $1,690,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of PYPL. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in Paypal Holdings during the second quarter valued at approximately $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 last quarter. Seven Eight Capital LLC acquired a new position in Paypal Holdings during the first quarter valued at approximately $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 last quarter. Finally, First Niagara Bank acquired a new position in Paypal Holdings during the second quarter valued at approximately $219,000. Hedge funds and other institutional investors own 78.77% of the company’s stock.
Shares of Paypal Holdings Inc. (NASDAQ:PYPL) traded down 0.75% during midday trading on Friday, reaching $39.88. 6,109,946 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $39.13 and a 200-day moving average of $38.47. The company has a market capitalization of $47.14 billion, a PE ratio of 36.25 and a beta of 1.10. Paypal Holdings Inc. has a 1-year low of $30.52 and a 1-year high of $41.75.
Paypal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the 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 in the prior year, the company posted $0.32 earnings per share. Equities analysts expect that Paypal Holdings Inc. will post $1.50 earnings per share for the current fiscal year.
Several research analysts recently commented on PYPL shares. Jefferies Group restated a “buy” rating on shares of Paypal Holdings in a report on Tuesday, July 5th. Cantor Fitzgerald reissued a “buy” rating on shares of Paypal Holdings in a research report on Saturday, July 9th. Vetr cut shares of Paypal Holdings from a “strong-buy” rating to a “buy” rating and set a $40.53 target price on the stock. in a research report on Monday, July 11th. Deutsche Bank AG reissued a “buy” rating and set a $44.00 target price on shares of Paypal Holdings in a research report on Tuesday, June 28th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Paypal Holdings in a research report on Tuesday, July 12th. Four 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. Paypal Holdings currently has a consensus rating of “Hold” and a consensus price target of $43.95.
In other Paypal Holdings news, SVP William J. Ready sold 26,037 shares of the stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $38.04, for a total transaction of $990,447.48. Following the completion of the transaction, the senior vice president now directly owns 105,906 shares in the company, valued at $4,028,664.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Tomer Barel sold 5,862 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $37.21, for a total value of $218,125.02. Following the transaction, the senior vice president now owns 27,017 shares of the company’s stock, valued at $1,005,302.57. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.
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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