First Midwest Bank Trust Division purchased a new stake in shares of Paypal Holdings Inc. (NASDAQ:PYPL) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 6,220 shares of the company’s stock, valued at approximately $227,000.
Several other large investors also recently made changes to their positions in PYPL. NEXT Financial Group Inc raised its stake in shares of 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 in the last quarter. Seven Eight Capital LLC purchased a new stake in shares of Paypal Holdings during the first quarter valued at about $205,000. Acadian Asset Management LLC raised its stake in shares of 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 in the last quarter. First Niagara Bank purchased a new stake in shares of Paypal Holdings during the second quarter valued at about $219,000. Finally, Charter Trust Co. purchased a new stake in shares of Paypal Holdings during the second quarter valued at about $230,000. Hedge funds and other institutional investors own 78.77% of the company’s stock.
Shares of Paypal Holdings Inc. (NASDAQ:PYPL) traded down 0.75% during mid-day trading on Friday, reaching $39.88. The company had a trading volume of 6,109,946 shares. Paypal Holdings Inc. has a 52 week low of $30.52 and a 52 week high of $41.75. The stock has a 50 day moving average of $39.18 and a 200-day moving average of $38.46. The company has a market capitalization of $47.14 billion, a price-to-earnings ratio of 36.25 and a beta of 1.10.
Paypal Holdings (NASDAQ:PYPL) last announced its earnings results on Thursday, July 21st. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate 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 period in the prior year, the company posted $0.32 EPS. On average, analysts expect that Paypal Holdings Inc. will post $1.50 earnings per share for the current fiscal year.
Several analysts have issued reports on PYPL shares. Credit Suisse Group AG upped their target price on Paypal Holdings from $42.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, July 22nd. Robert W. Baird reaffirmed an “outperform” rating and issued a $48.00 target price on shares of Paypal Holdings in a research note on Sunday, July 24th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Paypal Holdings in a research note on Tuesday, July 12th. Credit Agricole SA reaffirmed an “underperform” rating and issued a $38.00 target price on shares of Paypal Holdings in a research note on Wednesday, June 29th. Finally, Vetr downgraded Paypal Holdings from a “strong-buy” rating to a “buy” rating and set a $40.53 price objective for the company. in a research report on Monday, July 11th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $43.95.
In related news, SVP Tomer Barel sold 5,862 shares of the company’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $37.21, for a total transaction of $218,125.02. Following the transaction, the senior vice president now directly owns 27,017 shares of the company’s stock, valued at approximately $1,005,302.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP William J. Ready sold 26,037 shares of the company’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $38.04, for a total value of $990,447.48. Following the transaction, the senior vice president now directly owns 105,906 shares in the company, valued at $4,028,664.24. The disclosure for this sale can be found here. Corporate 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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