Tiaa Fsb trimmed its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 35.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,607 shares of the credit services provider’s stock after selling 50,844 shares during the quarter. Tiaa Fsb’s holdings in Paypal were worth $16,309,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Honkamp Krueger Financial Services Inc. lifted its position in shares of Paypal by 78.0% in the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 7,251 shares of the credit services provider’s stock worth $1,263,000 after buying an additional 3,177 shares during the last quarter. Cooper Financial Group lifted its position in shares of Paypal by 4.2% in the 2nd quarter. Cooper Financial Group now owns 2,521 shares of the credit services provider’s stock worth $439,000 after buying an additional 102 shares during the last quarter. Acropolis Investment Management LLC lifted its position in shares of Paypal by 4.5% in the 2nd quarter. Acropolis Investment Management LLC now owns 1,636 shares of the credit services provider’s stock worth $285,000 after buying an additional 70 shares during the last quarter. Cardan Capital Partners LLC bought a new position in shares of Paypal in the 2nd quarter worth about $269,000. Finally, Total Clarity Wealth Management Inc. bought a new position in shares of Paypal in the 2nd quarter worth about $205,000. Hedge funds and other institutional investors own 82.75% of the company’s stock.
Shares of PYPL opened at $172.06 on Thursday. Paypal Holdings Inc has a one year low of $82.07 and a one year high of $183.99. The company has a 50-day moving average of $165.12 and a two-hundred day moving average of $127.70. The stock has a market cap of $202.28 billion, a price-to-earnings ratio of 108.90, a PEG ratio of 4.85 and a beta of 1.19. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.39 and a quick ratio of 1.39.
Paypal (NASDAQ:PYPL) last announced its earnings results on Wednesday, May 6th. The credit services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.75 by $0.08. Paypal had a net margin of 10.27% and a return on equity of 16.06%. The company had revenue of $4.62 billion during the quarter, compared to analysts’ expectations of $4.72 billion. During the same period last year, the company posted $0.78 earnings per share. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. Analysts anticipate that Paypal Holdings Inc will post 2.39 earnings per share for the current year.
A number of research firms have recently issued reports on PYPL. JMP Securities began coverage on shares of Paypal in a research report on Tuesday, June 30th. They issued an “outperform” rating and a $195.00 price target on the stock. Cowen lifted their price objective on shares of Paypal from $158.00 to $195.00 and gave the company an “outperform” rating in a research report on Monday. Oppenheimer assumed coverage on shares of Paypal in a research report on Monday, June 1st. They issued an “outperform” rating on the stock. Deutsche Bank lifted their price objective on shares of Paypal from $147.00 to $183.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Finally, BMO Capital Markets downgraded shares of Paypal from an “outperform” rating to a “market perform” rating and set a $156.00 price objective on the stock. in a research report on Thursday, May 14th. Six analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $161.68.
In other Paypal news, CEO Daniel H. Schulman sold 25,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $122.67, for a total value of $3,066,750.00. Following the completion of the transaction, the chief executive officer now directly owns 594,803 shares in the company, valued at $72,964,484.01. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last quarter, insiders sold 75,000 shares of company stock valued at $10,562,250. Corporate insiders own 0.12% of the company’s stock.
About Paypal
PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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