12 August, 2017
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.