Shelton Capital Management raised its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 98.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm presently has a $60.76 target price on the credit services provider's stock. Guardian Life Insurance Co. of America raised its stake in Paypal Holdings by 0.9% in the first quarter. NA's portfolio, making the stock its 23rd largest position. Investec Asset Management Ltd reduced its investment by selling 77,286 shares a decrease of 0.8%. Douglass Winthrop Advisors LLC now owns 18,875 shares of the credit services provider's stock valued at $812,000 after buying an additional 775 shares in the last quarter. Stelac Advisory Services LLC bought a new stake in PayPal Holdings during the first quarter valued at $119,000. Carroll Financial Associates Inc. now owns 2,516 shares of the credit services provider's stock worth $108,000 after buying an additional 740 shares in the last quarter. Vanguard Group Inc. now owns 75,643,714 shares of the credit services provider's stock worth $3,254,192,000 after buying an additional 2,549,683 shares during the period.
PayPal Holdings published that its Board of Directors has approved a shares buyback plan on early Wed, Apr 26th that permits The corporation to repurchase $5.00 B in Stocks.
As of quarter end Concourse Capital Management, LLC had sold a total of 14,255 shares trimming its holdings by 9.6%. The third largest holder is Fmr Llc, which now holds $3.61 billion worth of this stock and that ownership represents almost 5.21% of its market capitalization.
Institutional investors now hold around $58.76 billion or 84.1% in PYPL stock. PayPal Holdings, Inc. shares had a trading volume of 5,960K on Wednesday. 6,962,121 shares of the stock traded hands. PayPal Holdings, Inc. The firm has a market capitalization of $69.92 billion, a price-to-earnings ratio of 46.90 and a beta of 0.99. Has $106,000 Stake in PayPal Holdings, Inc.
The difference of 52 week low value as well as 52 week high value and the current price of the stock suggests the next move of the shares. Wedgewood Partners held 0.41% of PayPal Holdings valued $210,644,000 during the latest fiscal quarter. Comparatively, PYPL posted earnings of $0.41 per share in the same quarter, a year earlier. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. During the same period past year, the company earned $0.36 earnings per share. Paypal Holdings's revenue for the quarter was up 18.3% compared to the same quarter a year ago. PayPal Holdings now has an average rating of "Buy" and an average price target of $59.49. This buyback authorization authorizes the credit services provider to reacquire up to 9.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.
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Several research analysts have weighed in on the stock.
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Many analysts have provided their estimated foresights on PayPal Holdings, Inc. Wedbush restated an outperform rating and set a $54.00 price objective on shares of Paypal Holdings in a research note on Wednesday, April 19th.
July 27 investment analysts at Raymond James made no change to the company rating of "Outperform" but raised the price expectation to $65.00 from $45.00. (The) reiterated a "conviction-buy" rating and issued a $72.00 price target (up previously from $60.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. Jefferies Group LLC reissued a "buy" rating and set a $52.00 price objective on shares of Paypal Holdings in a report on Wednesday, April 19th.
On July 19, 2017 the stock rating was set at "Hold" in a report from SunTrust Robinson Humphrey down from the previous "Buy" rating. Similar statistics are true for the second largest owner, Price T Rowe Associates Inc /Md/, which owns 74,147,242 shares of the stock are valued at $4.42 billion.
Also, EVP Gary J. Marino sold 1,351 shares of the stock in a transaction on Tuesday, August 1st. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Following the completion of the transaction, the executive vice president now owns 37,492 shares in the company, valued at $2,212,028. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
In related news, COO William J. Ready sold 90,000 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $52.48, for a total value of $70,848.00. Following the completion of the transaction, the executive vice president now directly owns 37,491 shares of the company's stock, valued at approximately $1,967,527.68. The disclosure for this sale can be found here. In the last three months, insiders sold 95,852 shares of company stock valued at $5,653,198. The EVP now owns $2,191,791 of the stock per the Form 4 SEC filing.
US based company, PayPal Holdings, Inc.