Sontag Advisory LLC bought a new stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 2,842 shares of the credit services provider’s stock, valued at approximately $325,000.
Other large investors also recently bought and sold shares of the company. Semmax Financial Advisors Inc. boosted its position in shares of 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 buying an additional 271 shares during the period. Mcmillion Capital Management Inc. acquired a new position in shares of Paypal during the second quarter worth approximately $35,000. AGF Investments LLC boosted its position in shares of Paypal by 55.6% during the second quarter. AGF Investments LLC now owns 308 shares of the credit services provider’s stock worth $35,000 after buying an additional 110 shares during the period. Private Ocean LLC boosted its position in shares of 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 buying an additional 290 shares during the period. Finally, Princeton Global Asset Management LLC acquired a new position in shares of Paypal during the first quarter worth approximately $42,000. 81.01% of the stock is owned by institutional investors.
In other news, CEO Daniel H. Schulman sold 30,000 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $110.87, for a total transaction of $3,326,100.00. Following the completion of the sale, the chief executive officer now owns 457,074 shares in the company, valued at approximately $50,675,794.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jonathan Auerbach sold 2,024 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $106.07, for a total value of $214,685.68. Following the sale, the executive vice president now owns 118,844 shares of the company’s stock, valued at approximately $12,605,783.08. The disclosure for this sale can be found here. Insiders have sold a total of 132,417 shares of company stock valued at $14,511,700 in the last quarter. Insiders own 0.15% of the company’s stock.
Several brokerages have recently issued reports on PYPL. BidaskClub downgraded Paypal from a “buy” rating to a “hold” rating in a research report on Wednesday. Canaccord Genuity upgraded Paypal from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $110.00 to $118.00 in a research report on Thursday. Guggenheim upgraded Paypal from a “sell” rating to a “neutral” rating in a research report on Tuesday, August 13th. Deutsche Bank boosted their price objective on Paypal from $120.00 to $127.00 and gave the stock a “positive” rating in a research report on Tuesday, July 16th. Finally, Bank of America reiterated a “buy” rating and set a $131.00 price objective (up from $123.00) on shares of Paypal in a research report on Thursday, June 13th. Eight equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $121.82.
PYPL traded up $3.08 during trading on Thursday, reaching $107.10. The stock had a trading volume of 10,382,038 shares, compared to its average volume of 6,807,017. The firm has a market capitalization of $124.06 billion, a price-to-earnings ratio of 59.83, a price-to-earnings-growth ratio of 2.43 and a beta of 0.98. Paypal Holdings Inc has a 1-year low of $74.66 and a 1-year high of $121.48. The stock has a 50 day moving average of $108.18 and a two-hundred day moving average of $109.01.
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, topping analysts’ consensus estimates of $0.56 by $0.12. The firm had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.33 billion. Paypal had a return on equity of 17.14% and a net margin of 15.36%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 earnings per share. As a group, equities research analysts expect that Paypal Holdings Inc will post 2.41 earnings per share for the current fiscal year.
Paypal Company Profile
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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