APG Asset Management N.V. lifted its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 23.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 698,127 shares of the credit services provider’s stock after acquiring an additional 131,800 shares during the period. APG Asset Management N.V.’s holdings in Paypal were worth $70,168,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of PYPL. Semmax Financial Advisors Inc. increased its position in shares of Paypal by 630.2% during the first quarter. Semmax Financial Advisors Inc. now owns 314 shares of the credit services provider’s stock worth $33,000 after acquiring an additional 271 shares in the last quarter. Mcmillion Capital Management Inc. purchased a new position in Paypal during the second quarter worth about $35,000. AGF Investments LLC boosted its holdings in Paypal by 55.6% during the second quarter. AGF Investments LLC now owns 308 shares of the credit services provider’s stock worth $35,000 after purchasing an additional 110 shares during the last quarter. Private Ocean LLC boosted its holdings in Paypal by 386.7% during the first quarter. Private Ocean LLC now owns 365 shares of the credit services provider’s stock worth $38,000 after purchasing an additional 290 shares during the last quarter. Finally, Princeton Global Asset Management LLC purchased a new position in Paypal during the first quarter worth about $42,000. 81.01% of the stock is owned by institutional investors.
In other news, EVP Jonathan Auerbach sold 2,024 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $106.07, for a total value of $214,685.68. Following the sale, the executive vice president now owns 118,844 shares of the company’s stock, valued at $12,605,783.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Aaron Karczmer sold 3,110 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $115.71, for a total transaction of $359,858.10. Following the completion of the sale, the executive vice president now directly owns 15,041 shares in the company, valued at approximately $1,740,394.11. The disclosure for this sale can be found here. In the last three months, insiders sold 132,417 shares of company stock worth $14,511,700. Insiders own 0.15% of the company’s stock.
PYPL opened at $107.10 on Friday. The stock has a market cap of $124.06 billion, a price-to-earnings ratio of 59.83, a PEG ratio of 2.43 and a beta of 0.98. Paypal Holdings Inc has a twelve month low of $74.66 and a twelve month high of $121.48. The company’s 50-day moving average price is $108.18 and its two-hundred day moving average price is $109.01.
Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.12. The firm had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.33 billion. Paypal had a net margin of 15.36% and a return on equity of 17.14%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.58 earnings per share. On average, sell-side analysts expect that Paypal Holdings Inc will post 2.41 EPS for the current year.
PYPL has been the topic of several analyst reports. Guggenheim upgraded shares of Paypal from a “sell” rating to a “neutral” rating in a report on Tuesday, August 13th. Deutsche Bank boosted their price target on shares of Paypal from $120.00 to $127.00 and gave the stock a “positive” rating in a report on Tuesday, July 16th. Bank of America restated a “buy” rating and set a $131.00 price target (up from $123.00) on shares of Paypal in a report on Thursday, June 13th. Robert W. Baird boosted their price target on shares of Paypal from $118.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, Morgan Stanley boosted their price target on shares of Paypal from $114.00 to $129.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Eight equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $121.82.
Paypal Company Profile
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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