Emerald Advisers Inc. PA cut its position in shares of Paypal Holdings Inc. (NASDAQ:PYPL) by 0.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,699 shares of the company’s stock after selling 492 shares during the period. Emerald Advisers Inc. PA’s holdings in Paypal Holdings were worth $2,289,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in PYPL. Jackson Square Partners LLC boosted its stake in Paypal Holdings by 9.7% in the first quarter. Jackson Square Partners LLC now owns 23,681,753 shares of the company’s stock worth $1,050,603,000 after buying an additional 2,102,685 shares during the period. Orbis Allan Gray Ltd acquired a new stake in Paypal Holdings during the first quarter worth approximately $606,807,000. Geode Capital Management LLC boosted its stake in Paypal Holdings by 2.1% in the first quarter. Geode Capital Management LLC now owns 9,423,035 shares of the company’s stock worth $363,025,000 after buying an additional 196,598 shares during the period. Investec Asset Management LTD boosted its stake in Paypal Holdings by 11.6% in the first quarter. Investec Asset Management LTD now owns 8,260,800 shares of the company’s stock worth $318,867,000 after buying an additional 856,780 shares during the period. Finally, Primecap Management Co. CA boosted its stake in Paypal Holdings by 0.7% in the first quarter. Primecap Management Co. CA now owns 6,730,700 shares of the company’s stock worth $259,805,000 after buying an additional 48,500 shares during the period. Institutional investors own 78.77% of the company’s stock.
Paypal Holdings Inc. (NASDAQ:PYPL) traded down 0.05% on Monday, reaching $39.86. The company had a trading volume of 6,615,868 shares. Paypal Holdings Inc. has a 12 month low of $30.52 and a 12 month high of $41.75. The firm has a 50-day moving average of $39.18 and a 200-day moving average of $38.46. The stock has a market capitalization of $47.11 billion, a P/E ratio of 36.24 and a beta of 1.09.
Paypal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the company posted $0.32 EPS. On average, equities research analysts expect that Paypal Holdings Inc. will post $1.50 earnings per share for the current fiscal year.
A number of equities research analysts have commented on PYPL shares. Barclays PLC decreased their price target on Paypal Holdings from $46.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, July 7th. Vetr upgraded Paypal Holdings from a “hold” rating to a “buy” rating and set a $40.93 price target for the company in a research note on Monday, July 25th. Royal Bank Of Canada reissued a “buy” rating on shares of Paypal Holdings in a report on Tuesday, July 12th. Wedbush reissued an “outperform” rating and issued a $50.00 price objective on shares of Paypal Holdings in a report on Friday, September 23rd. Finally, TheStreet began coverage on Paypal Holdings in a report on Wednesday, August 10th. They issued a “hold” rating on the stock. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-one have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price 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 transaction, the senior vice president now owns 105,906 shares of the company’s stock, valued at approximately $4,028,664.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP William J. Ready sold 48,963 shares of the stock in a transaction on Friday, August 5th. The stock was sold at an average price of $38.00, for a total value of $1,860,594.00. Following the transaction, the senior vice president now directly owns 56,943 shares in the company, valued at approximately $2,163,834. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.
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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