Calamos Advisors LLC raised its stake in Paypal Holdings Inc. (NASDAQ:PYPL) by 6.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 162,129 shares of the company’s stock after buying an additional 9,625 shares during the period. Calamos Advisors LLC’s holdings in Paypal Holdings were worth $5,919,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Aperio Group LLC purchased a new stake in Paypal Holdings during the first quarter worth about $17,145,000. Mn Services Vermogensbeheer B.V. purchased a new stake in Paypal Holdings during the first quarter worth about $931,000. Aspen Investment Management Inc purchased a new stake in Paypal Holdings during the first quarter worth about $784,000. Nisa Investment Advisors L.L.C. purchased a new stake in Paypal Holdings during the first quarter worth about $15,169,000. Finally, Virginia Retirement System purchased a new stake in Paypal Holdings during the first quarter worth about $688,000. 78.77% of the stock is owned by institutional investors and hedge funds.
Shares of Paypal Holdings Inc. (NASDAQ:PYPL) traded up 1.44% during mid-day trading on Friday, hitting $40.97. 8,685,607 shares of the company’s stock traded hands. The firm has a 50-day moving average of $38.89 and a 200 day moving average of $38.45. Paypal Holdings Inc. has a 52 week low of $30.52 and a 52 week high of $41.75. The company has a market cap of $48.43 billion, a PE ratio of 37.25 and a beta of 1.13.
Paypal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Paypal Holdings had a net margin of 13.55% and a return on equity of 10.60%. During the same period last year, the firm posted $0.32 earnings per share. Equities research analysts predict that Paypal Holdings Inc. will post $1.50 EPS for the current year.
A number of analysts recently issued reports on the company. Cantor Fitzgerald reissued a “buy” rating on shares of Paypal Holdings in a research report on Saturday, June 4th. Deutsche Bank AG reissued a “buy” rating on shares of Paypal Holdings in a research report on Sunday, July 17th. Credit Agricole SA reissued an “underperform” rating and set a $38.00 price objective on shares of Paypal Holdings in a research report on Wednesday, June 29th. Wells Fargo & Co. cut Paypal Holdings from an “outperform” rating to a “market perform” rating in a research report on Friday, July 22nd. Finally, Oppenheimer Holdings Inc. began coverage on Paypal Holdings in a research report on Thursday, June 16th. They set an “outperform” rating and a $42.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $43.68.
In related news, SVP Tomer Barel sold 5,862 shares of Paypal Holdings stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 27,017 shares of the company’s stock, valued at $1,005,302.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP William J. Ready sold 48,963 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The shares were 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 in the company, valued at approximately $2,163,834. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by corporate 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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