Hedeker Wealth LLC continued to hold its stake in Paypal Holdings Inc. (NASDAQ:PYPL) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,310 shares of the company’s stock at the end of the second quarter. Hedeker Wealth LLC’s holdings in Paypal Holdings were worth $339,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of PYPL. Orbis Allan Gray Ltd acquired a new stake in shares of Paypal Holdings during the first quarter valued at $606,807,000. Pennant Capital Management LLC purchased a new position in Paypal Holdings during the first quarter valued at approximately $123,662,000. 1832 Asset Management L.P. purchased a new position in Paypal Holdings during the first quarter valued at approximately $157,411,000. Jackson Square Partners LLC raised its position in Paypal Holdings by 9.7% in the first quarter. Jackson Square Partners LLC now owns 23,681,753 shares of the company’s stock valued at $1,050,603,000 after buying an additional 2,102,685 shares in the last quarter. Finally, Omega Advisors Inc. purchased a new position in Paypal Holdings during the first quarter valued at approximately $50,018,000. Institutional investors own 78.60% of the company’s stock.
Paypal Holdings Inc. (NASDAQ:PYPL) traded up 0.61% during trading on Monday, reaching $39.48. 5,279,515 shares of the company traded hands. The company’s 50-day moving average price is $39.41 and its 200 day moving average price is $38.46. Paypal Holdings Inc. has a 52 week low of $30.52 and a 52 week high of $41.75. The firm has a market capitalization of $46.67 billion, a price-to-earnings ratio of 35.89 and a beta of 1.09.
Paypal Holdings (NASDAQ:PYPL) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.36 earnings per share for the quarter, meeting the consensus estimate 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 quarter in the previous year, the business posted $0.32 earnings per share. On average, equities research analysts expect that Paypal Holdings Inc. will post $1.50 EPS for the current year.
Several research firms have commented on PYPL. Credit Agricole SA set a $38.00 target price on shares of Paypal Holdings and gave the company a “sell” rating in a report on Thursday, September 15th. Sanford C. Bernstein reissued a “market perform” rating and issued a $41.00 target price on shares of Paypal Holdings in a report on Wednesday, October 5th. Nomura reissued a “buy” rating and issued a $54.00 target price on shares of Paypal Holdings in a report on Wednesday, October 5th. Canaccord Genuity lowered shares of Paypal Holdings from a “buy” rating to a “hold” rating and decreased their target price for the company from $45.00 to $40.00 in a report on Monday, September 19th. Finally, Vetr raised shares of Paypal Holdings from a “hold” rating to a “buy” rating and set a $42.50 target price on the stock in a report on Monday, October 3rd. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Paypal Holdings presently has a consensus rating of “Hold” and an average target price of $44.40.
In related news, SVP William J. Ready sold 26,037 shares of Paypal Holdings stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $38.04, for a total value of $990,447.48. Following the sale, the senior vice president now owns 105,906 shares in the company, valued at $4,028,664.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Gary J. Marino sold 1,726 shares of Paypal Holdings stock in a transaction on Monday, October 3rd. The shares were 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 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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