Eads & Heald Investment Counsel cut its stake in shares of Paypal Holdings Inc. (NASDAQ:PYPL) by 11.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,484 shares of the company’s stock after selling 2,397 shares during the period. Eads & Heald Investment Counsel’s holdings in Paypal Holdings were worth $711,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in PYPL. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in shares of 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 purchased a new position in Paypal Holdings during the first quarter valued at about $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 purchased a new position in Paypal Holdings during the second quarter valued at about $219,000. 78.60% of the stock is currently owned by institutional investors and hedge funds.
Shares of Paypal Holdings Inc. (NASDAQ:PYPL) traded up 1.304% during trading on Tuesday, reaching $39.995. The company had a trading volume of 2,283,018 shares. The stock’s 50-day moving average price is $39.46 and its 200-day moving average price is $38.45. The stock has a market capitalization of $47.27 billion, a PE ratio of 36.359 and a beta of 1.09. Paypal Holdings Inc. has a 12 month low of $30.52 and a 12 month high of $41.75.
Paypal Holdings (NASDAQ:PYPL) last released its earnings results on Thursday, July 21st. The company reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. The firm earned $2.65 billion during the quarter, compared to the consensus estimate of $2.60 billion. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. During the same period in the prior year, the firm posted $0.32 earnings per share. Equities analysts forecast that Paypal Holdings Inc. will post $1.50 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on the company. Evercore ISI reissued a “sell” rating and set a $34.00 target price on shares of Paypal Holdings in a research note on Tuesday, July 26th. RBC Capital Markets reissued an “outperform” rating and set a $46.00 target price on shares of Paypal Holdings in a research note on Wednesday, August 3rd. Piper Jaffray Cos. reissued a “sell” rating on shares of Paypal Holdings in a research note on Monday, June 27th. Wedbush reissued an “outperform” rating and set a $50.00 target price on shares of Paypal Holdings in a research note on Monday, August 1st. Finally, Vetr raised Paypal Holdings from a “buy” rating to a “strong-buy” rating and set a $41.29 target price on the stock in a research note on Tuesday, August 2nd. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $44.73.
In other news, EVP Gary J. Marino sold 1,726 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $40.87, for a total transaction of $70,541.62. Following the completion of the sale, the executive vice president now owns 44,505 shares in the company, valued at approximately $1,818,919.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Tomer Barel sold 5,862 shares of the 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 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 company 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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