Shelton Capital Management raised its position in shares of 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. The fund owned 166,860 shares of the credit services provider’s stock after buying an additional 82,908 shares during the period. Shelton Capital Management’s holdings in PayPal Holdings were worth $7,178,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Howland Capital Management LLC boosted its stake in shares of PayPal Holdings by 0.4% in the first quarter. Howland Capital Management LLC now owns 5,524 shares of the credit services provider’s stock worth $238,000 after buying an additional 24 shares during the period. Norway Savings Bank boosted its stake in shares of PayPal Holdings by 0.5% in the first quarter. Norway Savings Bank now owns 5,300 shares of the credit services provider’s stock worth $228,000 after buying an additional 25 shares during the period. Bangor Savings Bank boosted its stake in shares of PayPal Holdings by 0.3% in the first quarter. Bangor Savings Bank now owns 12,480 shares of the credit services provider’s stock worth $537,000 after buying an additional 34 shares during the period. Guardian Life Insurance Co. of America boosted its stake in shares of PayPal Holdings by 0.9% in the first quarter. Guardian Life Insurance Co. of America now owns 4,338 shares of the credit services provider’s stock worth $187,000 after buying an additional 38 shares during the period. Finally, Sheets Smith Wealth Management boosted its stake in shares of PayPal Holdings by 1.0% in the first quarter. Sheets Smith Wealth Management now owns 7,715 shares of the credit services provider’s stock worth $332,000 after buying an additional 75 shares during the period. Institutional investors own 81.54% of the company’s stock.
PayPal Holdings, Inc. (NASDAQ PYPL) opened at 59.44 on Friday. PayPal Holdings, Inc. has a 52 week low of $36.30 and a 52 week high of $61.30. The firm has a 50-day moving average price of $57.84 and a 200 day moving average price of $49.13. The firm has a market capitalization of $71.47 billion, a price-to-earnings ratio of 47.94 and a beta of 0.99. PayPal Holdings also was the target of some unusual options trading on Wednesday. Investors purchased 3,225 call options on the company. This represents an increase of approximately 657% compared to the typical volume of 426 call options.
PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.03. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.09 billion. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.36 earnings per share. On average, equities research analysts forecast that PayPal Holdings, Inc. will post $1.83 earnings per share for the current fiscal year.
PayPal Holdings declared that its Board of Directors has initiated a share buyback plan on Wednesday, April 26th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the credit services provider to reacquire up to 9.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.
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PYPL has been the subject of a number of recent analyst reports. TheStreet raised PayPal Holdings from a “c” rating to a “b-” rating in a research note on Monday, July 3rd. BTIG Research upped their price target on PayPal Holdings from $48.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $52.00 price target on shares of PayPal Holdings in a research note on Friday, April 28th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $49.00 price target on shares of PayPal Holdings in a research note on Sunday, April 23rd. Finally, Monness Crespi & Hardt upped their price target on PayPal Holdings from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, April 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $59.49.
In other PayPal Holdings news, COO William J. Ready sold 90,000 shares of PayPal Holdings stock in a transaction on Monday, July 31st. The stock was sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the completion of the transaction, the chief operating officer now owns 29,252 shares in the company, valued at $1,733,181. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John J. Donahoe sold 170,000 shares of PayPal Holdings stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $58.18, for a total value of $9,890,600.00. Following the transaction, the director now owns 124,516 shares of the company’s stock, valued at approximately $7,244,340.88. The disclosure for this sale can be found here. Insiders have sold 265,852 shares of company stock valued at $15,543,798 in the last quarter. 6.00% of the stock is owned by company insiders.
PayPal Holdings Company Profile
PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.
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