Barton Investment Management decreased its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 356,761 shares of the credit services provider’s stock after selling 687 shares during the quarter. Paypal accounts for about 6.1% of Barton Investment Management’s holdings, making the stock its 5th biggest position. Barton Investment Management’s holdings in Paypal were worth $40,835,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the company. Fox Run Management L.L.C. purchased a new stake in Paypal in the 2nd quarter valued at approximately $235,000. Bigelow Investment Advisors LLC lifted its stake in Paypal by 2.7% in the 2nd quarter. Bigelow Investment Advisors LLC now owns 4,771 shares of the credit services provider’s stock valued at $546,000 after buying an additional 125 shares in the last quarter. Tompkins Financial Corp lifted its stake in Paypal by 18.9% in the 2nd quarter. Tompkins Financial Corp now owns 42,081 shares of the credit services provider’s stock valued at $4,816,000 after buying an additional 6,683 shares in the last quarter. Peachtree Investment Partners LLC lifted its stake in Paypal by 42.9% in the 2nd quarter. Peachtree Investment Partners LLC now owns 4,000 shares of the credit services provider’s stock valued at $458,000 after buying an additional 1,200 shares in the last quarter. Finally, Strategic Wealth Management Group LLC lifted its stake in Paypal by 6.7% in the 2nd quarter. Strategic Wealth Management Group LLC now owns 10,366 shares of the credit services provider’s stock valued at $1,186,000 after buying an additional 648 shares in the last quarter. 80.85% of the stock is currently owned by institutional investors and hedge funds.
Shares of PYPL stock traded up $0.19 on Friday, reaching $115.31. 493,691 shares of the stock were exchanged, compared to its average volume of 4,764,627. The stock has a market cap of $135.60 billion, a PE ratio of 64.40, a P/E/G ratio of 2.97 and a beta of 0.98. The stock’s 50 day moving average price is $116.91. Paypal Holdings Inc has a 1-year low of $74.66 and a 1-year high of $121.48.
Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.33 billion. Paypal had a return on equity of 17.40% and a net margin of 15.36%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 EPS. On average, equities research analysts expect that Paypal Holdings Inc will post 2.28 earnings per share for the current fiscal year.
In related news, EVP Jonathan Auerbach sold 8,730 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $113.80, for a total transaction of $993,474.00. Following the completion of the sale, the executive vice president now directly owns 120,470 shares of the company’s stock, valued at approximately $13,709,486. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel H. Schulman sold 30,000 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $112.38, for a total transaction of $3,371,400.00. Following the sale, the insider now directly owns 553,821 shares of the company’s stock, valued at $62,238,403.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 110,250 shares of company stock valued at $12,245,960. Insiders own 0.15% of the company’s stock.
A number of research firms recently issued reports on PYPL. Zacks Investment Research lowered GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 2nd. Robert W. Baird began coverage on Cue Biopharma in a research note on Thursday. They issued an “outperform” rating and a $13.00 target price on the stock. Loop Capital reduced their target price on J B Hunt Transport Services to $133.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16th. JPMorgan Chase & Co. set a $24.00 price target on Urovant Sciences and gave the company a “buy” rating in a report on Friday, June 14th. Finally, Craig Hallum downgraded MarineMax from a “buy” rating to a “hold” rating in a report on Thursday. Ten investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $116.41.
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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