Guinness Atkinson Asset Management Inc Maintains Stake in PayPal Holdings, Inc. (PYPL)

Guinness Atkinson Asset Management Inc continued to hold its position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the second quarter, according to its most recent filing with the SEC. The firm owned 136,750 shares of the credit services provider’s stock at the end of the second quarter. PayPal Holdings comprises about 4.8% of Guinness Atkinson Asset Management Inc’s portfolio, making the stock its 3rd largest position. Guinness Atkinson Asset Management Inc’s holdings in PayPal Holdings were worth $7,339,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Raymond James Trust N.A. boosted its stake in shares of PayPal Holdings by 1.3% in the first quarter. Raymond James Trust N.A. now owns 11,349 shares of the credit services provider’s stock valued at $488,000 after buying an additional 150 shares during the last quarter. Creative Planning boosted its stake in shares of PayPal Holdings by 2.7% in the first quarter. Creative Planning now owns 29,044 shares of the credit services provider’s stock valued at $1,249,000 after buying an additional 776 shares during the last quarter. Sheets Smith Wealth Management boosted its stake in shares of PayPal Holdings by 1.0% in the first quarter. Sheets Smith Wealth Management now owns 7,715 shares of the credit services provider’s stock valued at $332,000 after buying an additional 75 shares during the last quarter. Chesley Taft & Associates LLC boosted its stake in shares of PayPal Holdings by 3.3% in the first quarter. Chesley Taft & Associates LLC now owns 7,480 shares of the credit services provider’s stock valued at $322,000 after buying an additional 240 shares during the last quarter. Finally, Carroll Financial Associates Inc. boosted its stake in shares of PayPal Holdings by 41.7% in the first quarter. Carroll Financial Associates Inc. now owns 2,516 shares of the credit services provider’s stock valued at $108,000 after buying an additional 740 shares during the last quarter. 81.31% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) traded up 0.22% during mid-day trading on Friday, reaching $58.15. The company’s stock had a trading volume of 3,481,588 shares. The firm’s 50-day moving average price is $56.89 and its 200 day moving average price is $48.35. The firm has a market cap of $69.92 billion, a P/E ratio of 46.90 and a beta of 0.99. PayPal Holdings, Inc. has a 12-month low of $36.30 and a 12-month high of $61.30.

PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.09 billion. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 EPS. On average, analysts expect that PayPal Holdings, Inc. will post $1.84 EPS for the current year.

PayPal Holdings declared that its Board of Directors has initiated a stock buyback plan on Wednesday, April 26th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the credit services provider to buy up to 9.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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Several equities research analysts recently weighed in on the company. UBS AG reaffirmed a “neutral” rating and issued a $48.00 price target (up from $44.00) on shares of PayPal Holdings in a research note on Friday, April 28th. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating and issued a $72.00 price target (up from $60.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. Robert W. Baird reaffirmed an “outperform” rating and issued a $65.00 price target (up from $59.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. Vetr raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 price target on the stock in a research note on Thursday. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $67.00 price target (up from $62.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $59.49.

In other news, Director Gail J. Mcgovern sold 1,800 shares of the business’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $53.97, for a total value of $97,146.00. Following the completion of the transaction, the director now owns 12,647 shares of the company’s stock, valued at approximately $682,558.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO William J. Ready sold 90,000 shares of the business’s stock in a transaction dated Monday, July 31st. 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 chief operating officer now directly owns 29,252 shares of the company’s stock, valued at approximately $1,733,181. The disclosure for this sale can be found here. In the last three months, insiders sold 95,852 shares of company stock valued at $5,653,198. Insiders own 6.00% of the company’s stock.

PayPal Holdings Company 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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Institutional Ownership by Quarter for PayPal Holdings (NASDAQ:PYPL)

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