Family Capital Trust Co held its stake in shares of Paypal Holdings Inc. (NASDAQ:PYPL) during the second quarter, Holdings Channel reports. The fund owned 38,530 shares of the company’s stock at the end of the second quarter. Paypal Holdings comprises about 0.8% of Family Capital Trust Co’s portfolio, making the stock its 27th largest position. Family Capital Trust Co’s holdings in Paypal Holdings were worth $1,406,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. Livingston Group Asset Management CO operating as Southport Capital Management purchased 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 period. Seven Eight Capital LLC purchased 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 period. Finally, First Niagara Bank purchased a new position in Paypal Holdings during the second quarter valued at approximately $219,000. 78.77% of the stock is owned by hedge funds and other institutional investors.
Paypal Holdings Inc. (NASDAQ:PYPL) traded down 0.75% during midday trading on Friday, reaching $39.88. 6,080,377 shares of the company traded hands. The firm has a market capitalization of $47.14 billion, a PE ratio of 36.25 and a beta of 1.10. The company’s 50-day moving average price is $39.13 and its 200 day moving average price is $38.47. Paypal Holdings Inc. has a 12 month low of $30.52 and a 12 month high of $41.75.
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 the consensus estimate of $0.36. The company 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 in the previous year, the company posted $0.32 EPS. On average, equities analysts anticipate that Paypal Holdings Inc. will post $1.50 earnings per share for the current year.
Several research analysts recently commented on PYPL shares. Jefferies Group reiterated a “buy” rating on shares of Paypal Holdings in a research note on Tuesday, July 5th. Cantor Fitzgerald reiterated a “buy” rating on shares of Paypal Holdings in a research note on Saturday, July 9th. Vetr lowered shares of Paypal Holdings from a “strong-buy” rating to a “buy” rating and set a $40.53 price objective for the company. in a research note on Monday, July 11th. Deutsche Bank AG reiterated a “buy” rating and set a $44.00 price objective on shares of Paypal Holdings in a research note on Tuesday, June 28th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Paypal Holdings in a research note on Tuesday, July 12th. Four investment 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 company currently has an average rating of “Hold” and an average target price of $43.95.
In other Paypal Holdings news, SVP William J. Ready sold 26,037 shares of the business’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $38.04, for a total transaction of $990,447.48. Following the sale, the senior vice president now directly owns 105,906 shares in the company, valued at approximately $4,028,664.24. 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 1,726 shares of the business’s 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 sale, the executive vice president now owns 44,505 shares in the company, valued at $1,818,919.35. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by company insiders.
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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