PayPal Holdings, Inc. (PYPL) Holdings Decreased by Northern Capital Management LLC
Northern Capital Management LLC lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,183 shares of the credit services provider’s stock after selling 4,090 shares during the quarter. PayPal Holdings makes up about 1.1% of Northern Capital Management LLC’s investment portfolio, making the stock its 29th biggest position. Northern Capital Management LLC’s holdings in PayPal Holdings were worth $3,533,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. WMS Partners LLC purchased a new position in shares of PayPal Holdings during the 3rd quarter worth $204,000. Rosenblum Silverman Sutton S F Inc. CA lifted its stake in shares of PayPal Holdings by 4.2% during the 3rd quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 79,736 shares of the credit services provider’s stock worth $5,105,000 after purchasing an additional 3,215 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of PayPal Holdings during the 3rd quarter worth $14,901,000. Somerville Kurt F purchased a new position in shares of PayPal Holdings during the 3rd quarter worth $437,000. Finally, Lyell Wealth Management LP lifted its stake in shares of PayPal Holdings by 4.4% during the 3rd quarter. Lyell Wealth Management LP now owns 57,035 shares of the credit services provider’s stock worth $3,652,000 after purchasing an additional 2,395 shares during the period. 82.35% of the stock is currently owned by institutional investors.
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Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) traded up 0.2479% during trading on Wednesday, reaching $72.7399. 1,037,957 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $66.30 and a 200-day moving average price of $66.07. The company has a market capitalization of $87.46 billion, a PE ratio of 58.6612 and a beta of 0.98. PayPal Holdings, Inc. has a 52-week low of $38.06 and a 52-week high of $72.99.
PayPal Holdings (NASDAQ:PYPL) last posted its earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.03. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.18 billion. PayPal Holdings had a net margin of 12.69% and a return on equity of 11.33%. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. On average, equities analysts forecast that PayPal Holdings, Inc. will post $1.87 earnings per share for the current year.
PYPL has been the topic of a number of recent analyst reports. Zacks Investment Research lowered PayPal Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Morgan Stanley increased their price target on PayPal Holdings from $76.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. Robert W. Baird reissued a “buy” rating and set a $80.00 price target (up previously from $65.00) on shares of PayPal Holdings in a research note on Friday, October 20th. Bank of America Corporation reissued a “buy” rating and set a $78.00 price target (up previously from $71.00) on shares of PayPal Holdings in a research note on Friday, October 6th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of PayPal Holdings in a research note on Tuesday, September 5th. Nine research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the stock. PayPal Holdings currently has a consensus rating of “Buy” and a consensus target price of $69.85.
In related news, Director John J. Donahoe sold 170,000 shares of the company’s stock in a transaction dated 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 sale, the director now owns 124,516 shares of the company’s stock, valued at $7,244,340.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.00% of the company’s stock.
PayPal Holdings 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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