Shares in Paypal Holdings Inc (PYPL) Acquired by Westbourne Investment Advisors Inc

Magellan Asset Management Ltd reports that it sold 70,388 shares during the last quarter decreasing its exposure to PayPal Holdings, Inc.by 0.3%. Vetr now has $56.88 target price on the credit services provider’s stock.

PayPal Holdings, Inc. was covered by a number of analysts recently, 14 rated the stock as Buy, 15 rated Hold, 0 rated sell and 0 gave an Underperform. Raymond James Financial, Inc. raised their target price on Paypal Holdings from $52.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Carroll Financial Associates Inc. increased its position in shares of PayPal Holdings by 41.7% in the first quarter. On July 27 Barclays maintained a company rating of “Outperform” but raised the price target from $47.00 to $65.00. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $52.00 price target on shares of PayPal Holdings in a report on Wednesday, July 5th. 1 expert has recommended the share with a sell recommendation, eleven has issued a hold recommendation, thirty has issued a buy recommendation and two have issued a strong buy recommendation to the share. the share presently has a consensus recommendation of “Buy” and an average price target of $59.49. The stock now has a Market Cap of $69.24B.

Digging a bit further, company shares have been noted -5.14% off the 52 week high and 60.19% away from the 52 week low. Shares of the company are trading at $58.19 a tad above $56.76, the stock’s 50 day moving average and barely above the 200 day moving average of $48.28. TheStreet upgraded shares of Paypal Holdings from a “c” rating to a “b-” rating in a research report on Monday, July 3rd. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. The business’s revenue for the quarter was up 18.3% compared to the same quarter a year ago. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. During the same period previous year, the company earned $0.36 earnings per share. During the same period in the prior year, the business earned $0.36 earnings per share.

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Paypal Holdings declared that its board has approved a share buyback program on Wednesday, April 26th that authorizes the company to repurchase $5.00 billion in shares. This buyback authorization allows the credit services provider to purchase up to 9.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued. The total value of its holdings increased 24.3%. Following the completion of the transaction, the chief operating officer now directly owns 29,252 shares of the company’s stock, valued at $1,733,181. Considering that the stock daily volume of 9.55 million shares, this represents a pretty noteworthy trading in volume size in recent session. The shares were sold at an average price of $59.25, for a total value of $5,332,500.00. Following the completion of the transaction, the executive vice president now owns 37,492 shares in the company, valued at approximately $2,212,028.

Gary J. Marino, EVP disclosed the sale of 1,350 shares of (PYPL).

In other Paypal Holdings news, COO William J. Ready sold 90,000 shares of Paypal Holdings stock in a transaction dated Monday, July 31st. Paypal Holdings accounts for approximately 0.7% of Soros Fund Management LLC’s investment portfolio, making the stock its 27th largest position. As of the end of the quarter Investec Asset Management North America, Inc. had sold a total of 54,712 shares trimming its position 18.9%. F&V Capital Management LLC now owns 110,870 shares of the credit services provider’s stock valued at $4,770,000 after buying an additional 4,555 shares during the period. Finally, Clean Yield Group purchased a new position in shares of PayPal Holdings during the first quarter valued at $127,000. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock worth $4,415,371,000 after buying an additional 21,814,940 shares during the period. The value of the investment in PYPL went from $392,445,000 to $485,451,000 a change of $93,006,000 quarter to quarter. Vanguard Group Inc. now owns 77,758,731 shares of the credit services provider’s stock worth $4,173,311,000 after buying an additional 2,115,017 shares during the period.

Now we take a performance look how PayPal Holdings, Inc. Franklin Street Advisors Inc. Edgewood Management LLC now owns 18,568,508 shares of the credit services provider’s stock worth $798,817,000 after buying an additional 663,087 shares during the period.

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