Oakbrook Investments LLC lifted its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 0.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,925 shares of the credit services provider’s stock after acquiring an additional 125 shares during the quarter. Oakbrook Investments LLC’s holdings in Paypal were worth $4,913,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. acquired a new stake in Paypal during the 2nd quarter valued at $235,000. Bigelow Investment Advisors LLC boosted its position in shares of Paypal by 2.7% in the 2nd quarter. Bigelow Investment Advisors LLC now owns 4,771 shares of the credit services provider’s stock worth $546,000 after purchasing an additional 125 shares during the last quarter. Tompkins Financial Corp boosted its position in shares of Paypal by 18.9% in the 2nd quarter. Tompkins Financial Corp now owns 42,081 shares of the credit services provider’s stock worth $4,816,000 after purchasing an additional 6,683 shares during the last quarter. Peachtree Investment Partners LLC raised its stake in Paypal by 42.9% during the 2nd quarter. Peachtree Investment Partners LLC now owns 4,000 shares of the credit services provider’s stock worth $458,000 after buying an additional 1,200 shares during the period. Finally, Strategic Wealth Management Group LLC raised its stake in Paypal by 6.7% during the 2nd quarter. Strategic Wealth Management Group LLC now owns 10,366 shares of the credit services provider’s stock worth $1,186,000 after buying an additional 648 shares during the period. Institutional investors own 80.85% of the company’s stock.
Shares of NASDAQ:PYPL traded up $0.37 during midday trading on Friday, reaching $115.49. 7,030,951 shares of the company were exchanged, compared to its average volume of 4,764,627. The company’s fifty day moving average is $116.91. Paypal Holdings Inc has a one year low of $74.66 and a one year high of $121.48. The firm has a market capitalization of $135.60 billion, a PE ratio of 64.52, a PEG ratio of 2.97 and a beta of 0.98.
Paypal (NASDAQ:PYPL) last announced its earnings results on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.12. The business had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.33 billion. Paypal had a net margin of 15.36% and a return on equity of 17.40%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.58 earnings per share. As a group, equities research analysts anticipate that Paypal Holdings Inc will post 2.28 earnings per share for the current year.
A number of research firms recently issued reports on PYPL. UBS Group set a $160.00 target price on IBM and gave the company a “buy” rating in a research report on Wednesday, April 17th. Wells Fargo & Co restated a “buy” rating and set a $125.00 price objective on shares of Tractor Supply in a report on Thursday. BidaskClub upgraded Kandi Technologies Group from a “strong sell” rating to a “sell” rating in a research note on Friday, May 17th. SunTrust Banks reiterated a “hold” rating and issued a $44.00 price target on shares of Shutterstock in a research note on Thursday, April 25th. Finally, Bank of America set a $10.00 price objective on shares of HEXO and gave the company a “buy” rating in a research report on Thursday, June 13th. Ten investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. Paypal has a consensus rating of “Buy” and a consensus target price of $116.41.
In related news, insider Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $112.38, for a total value of $3,371,400.00. Following the completion of the sale, the insider now directly owns 553,821 shares in the company, valued at approximately $62,238,403.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jonathan Auerbach sold 8,730 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $113.80, for a total transaction of $993,474.00. Following the transaction, the executive vice president now directly owns 120,470 shares of the company’s stock, valued at $13,709,486. The disclosure for this sale can be found here. Insiders have sold a total of 110,250 shares of company stock worth $12,245,960 in the last three months. Insiders own 0.15% of the company’s stock.
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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