Global Trust Asset Management LLC lifted its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 13.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,990 shares of the credit services provider’s stock after acquiring an additional 1,150 shares during the period. Global Trust Asset Management LLC’s holdings in Paypal were worth $1,143,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of PYPL. Semmax Financial Advisors Inc. boosted its holdings in Paypal by 630.2% during the first quarter. Semmax Financial Advisors Inc. now owns 314 shares of the credit services provider’s stock worth $33,000 after purchasing an additional 271 shares during the last quarter. Private Ocean LLC boosted its holdings in Paypal by 386.7% during the first quarter. Private Ocean LLC now owns 365 shares of the credit services provider’s stock worth $38,000 after purchasing an additional 290 shares during the last quarter. Liberty Wealth Management LLC purchased a new position in Paypal during the fourth quarter worth about $39,000. CX Institutional boosted its holdings in Paypal by 605.7% during the first quarter. CX Institutional now owns 374 shares of the credit services provider’s stock worth $39,000 after purchasing an additional 321 shares during the last quarter. Finally, Princeton Global Asset Management LLC purchased a new position in Paypal during the first quarter worth about $42,000. 80.97% of the stock is owned by institutional investors.
Several research analysts recently weighed in on PYPL shares. Wedbush boosted their price target on shares of Paypal from $125.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Morgan Stanley boosted their price target on shares of Paypal from $114.00 to $129.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Berenberg Bank restated a “buy” rating and set a $125.00 price target on shares of Paypal in a report on Friday, July 26th. Loop Capital boosted their price target on shares of Paypal to $100.00 and gave the stock a “hold” rating in a report on Tuesday, April 16th. Finally, Cantor Fitzgerald restated a “buy” rating on shares of Paypal in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company. Paypal presently has a consensus rating of “Buy” and a consensus price target of $120.81.
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 Zacks’ consensus estimate of $0.56 by $0.12. The firm had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.33 billion. Paypal had a net margin of 15.36% and a return on equity of 17.14%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.58 earnings per share. As a group, equities research analysts predict that Paypal Holdings Inc will post 2.41 earnings per share for the current fiscal year.
In related news, EVP Aaron Karczmer sold 3,110 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $115.71, for a total transaction of $359,858.10. Following the sale, the executive vice president now directly owns 15,041 shares in the company, valued at approximately $1,740,394.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel H. Schulman sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $109.73, for a total transaction of $3,291,900.00. Following the sale, the insider now owns 538,821 shares in the company, valued at $59,124,828.33. The disclosure for this sale can be found here. Over the last quarter, insiders sold 101,840 shares of company stock worth $11,336,732. Corporate insiders own 0.15% of the company’s stock.
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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