Paypal Holdings Inc (NASDAQ:PYPL) Stake Trimmed by Portland Hill Asset Management Ltd

Portland Hill Asset Management Ltd lowered its position in Paypal Holdings Inc (NASDAQ:PYPL) by 1.4% during the second quarter, HoldingsChannel reports. The firm owned 152,776 shares of the credit services provider’s stock after selling 2,155 shares during the period. Paypal comprises 12.8% of Portland Hill Asset Management Ltd’s holdings, making the stock its 4th biggest position. Portland Hill Asset Management Ltd’s holdings in Paypal were worth $17,426,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Mcmillion Capital Management Inc. purchased a new position in shares of Paypal during the 2nd quarter worth $35,000. AGF Investments LLC raised its holdings in shares of Paypal by 55.6% during the 2nd quarter. AGF Investments LLC now owns 308 shares of the credit services provider’s stock worth $35,000 after acquiring an additional 110 shares during the period. Semmax Financial Advisors Inc. raised its holdings in shares of Paypal by 630.2% during the 1st 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 during the period. Private Ocean LLC raised its holdings in shares of Paypal by 386.7% during the 1st quarter. Private Ocean LLC now owns 365 shares of the credit services provider’s stock worth $38,000 after acquiring an additional 290 shares during the period. Finally, Princeton Global Asset Management LLC purchased a new position in shares of Paypal during the 1st quarter worth $42,000. Institutional investors own 80.71% of the company’s stock.

Several research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price target on Paypal from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, June 14th. Berenberg Bank restated a “buy” rating and issued a $125.00 price objective on shares of Paypal in a report on Friday, July 26th. Bank of America restated a “buy” rating and issued a $131.00 price objective (up from $123.00) on shares of Paypal in a report on Thursday, June 13th. Royal Bank of Canada boosted their price objective on shares of Paypal to $120.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Finally, BidaskClub lowered shares of Paypal from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Eight research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Paypal presently has an average rating of “Buy” and a consensus price target of $120.81.



In related news, CEO Daniel H. Schulman sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $107.09, for a total transaction of $3,212,700.00. Following the completion of the sale, the chief executive officer now owns 487,074 shares in the company, valued at $52,160,754.66. The transaction was disclosed in a document filed with the SEC, which is available 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 stock was sold at an average price of $115.71, for a total value of $359,858.10. Following the sale, the executive vice president now owns 15,041 shares of the company’s stock, valued at approximately $1,740,394.11. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,840 shares of company stock valued at $11,257,532. Corporate insiders own 0.15% of the company’s stock.

NASDAQ PYPL traded up $0.51 during trading on Wednesday, hitting $103.23. The stock had a trading volume of 2,110,958 shares, compared to its average volume of 6,890,639. The company has a market capitalization of $123.34 billion, a P/E ratio of 57.67, a PEG ratio of 2.42 and a beta of 0.97. The business’s 50 day moving average is $114.18. Paypal Holdings Inc has a twelve month low of $74.66 and a twelve month high of $121.48.

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 consensus estimate of $0.56 by $0.12. Paypal had a return on equity of 17.14% and a net margin of 15.36%. The company had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the company posted $0.58 EPS. Paypal’s revenue was up 11.7% compared to the same quarter last year. On average, research analysts expect that Paypal Holdings Inc will post 2.41 earnings per share for the current fiscal year.

Paypal 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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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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