Bp Plc Has $5,765,000 Position in PayPal Holdings, Inc. (PYPL)

Bp Plc continued to hold its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 134,000 shares of the credit services provider’s stock at the end of the first quarter. Bp Plc’s holdings in PayPal Holdings were worth $5,765,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Thompson Davis & CO. Inc. boosted its position in PayPal Holdings by 36.7% in the first quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock valued at $104,000 after buying an additional 649 shares in the last quarter. Crestwood Advisors Group LLC bought a new position in PayPal Holdings during the first quarter valued at $106,000. Carroll Financial Associates Inc. boosted its position in PayPal Holdings by 41.7% in the first quarter. Carroll Financial Associates Inc. now owns 2,516 shares of the credit services provider’s stock valued at $108,000 after buying an additional 740 shares in the last quarter. West Oak Capital LLC boosted its position in PayPal Holdings by 23.9% in the first quarter. West Oak Capital LLC now owns 2,850 shares of the credit services provider’s stock valued at $123,000 after buying an additional 550 shares in the last quarter. Finally, FNY Partners Fund LP bought a new position in PayPal Holdings during the fourth quarter valued at $124,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

Institutional Ownership by Quarter for PayPal Holdings (NASDAQ:PYPL)

PayPal Holdings, Inc. (NASDAQ:PYPL) opened at 52.93 on Tuesday. PayPal Holdings, Inc. has a 12-month low of $34.00 and a 12-month high of $55.14. The company’s 50-day moving average is $50.96 and its 200 day moving average is $44.10. The stock has a market capitalization of $63.58 billion, a PE ratio of 45.24 and a beta of 0.95. PayPal Holdings also saw unusually large options trading activity on Monday. Traders purchased 5,754 put options on the company. This is an increase of approximately 123% compared to the average volume of 2,578 put options.

PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, April 26th. The credit services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.94 billion. PayPal Holdings had a return on equity of 10.78% and a net margin of 12.60%. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 EPS. On average, equities research analysts expect that PayPal Holdings, Inc. will post $1.78 earnings per share for the current fiscal year.

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Several research analysts have weighed in on the stock. BidaskClub cut shares of PayPal Holdings from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Stephens reaffirmed an “overweight” rating and set a $59.00 target price (up from $51.00) on shares of PayPal Holdings in a report on Monday. Vetr raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $54.78 target price on the stock in a report on Thursday, June 15th. Citigroup Inc. reaffirmed a “buy” rating and set a $62.00 target price (up from $52.00) on shares of PayPal Holdings in a report on Friday, June 9th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $59.00 target price (up from $54.00) on shares of PayPal Holdings in a report on Saturday, June 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $50.59.

In other PayPal Holdings news, EVP Gary J. Marino sold 13,535 shares of PayPal Holdings stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of $42.52, for a total transaction of $575,508.20. Following the transaction, the executive vice president now owns 39,405 shares of the company’s stock, valued at $1,675,500.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gary J. Marino sold 1,350 shares of PayPal Holdings stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $52.48, for a total transaction of $70,848.00. Following the transaction, the executive vice president now directly owns 37,491 shares in the company, valued at approximately $1,967,527.68. The disclosure for this sale can be found here. In the last three months, insiders sold 16,685 shares of company stock worth $743,502. 6.00% of the stock is currently owned by insiders.

PayPal Holdings Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:PYPL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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