Broadleaf Partners LLC trimmed its position in Paypal Holdings Inc (NASDAQ:PYPL) by 3.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,811 shares of the credit services provider’s stock after selling 1,494 shares during the period. Paypal accounts for 2.8% of Broadleaf Partners LLC’s portfolio, making the stock its 11th biggest position. Broadleaf Partners LLC’s holdings in Paypal were worth $4,200,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Archford Capital Strategies LLC grew its stake in shares of Paypal by 92.6% in the second quarter. Archford Capital Strategies LLC now owns 1,300 shares of the credit services provider’s stock worth $108,000 after acquiring an additional 625 shares during the last quarter. Landaas & Co. WI ADV purchased a new stake in shares of Paypal in the second quarter worth $135,000. Adviser Investments LLC boosted its position in shares of Paypal by 165.3% during the second quarter. Adviser Investments LLC now owns 1,653 shares of the credit services provider’s stock valued at $138,000 after buying an additional 1,030 shares during the last quarter. ELM Advisors LLC purchased a new stake in shares of Paypal during the third quarter valued at $149,000. Finally, Itau Unibanco Holding S.A. boosted its position in shares of Paypal by 50.8% during the second quarter. Itau Unibanco Holding S.A. now owns 1,722 shares of the credit services provider’s stock valued at $142,000 after buying an additional 580 shares during the last quarter. 79.59% of the stock is currently owned by hedge funds and other institutional investors.
PYPL stock opened at $79.03 on Friday. Paypal Holdings Inc has a fifty-two week low of $66.16 and a fifty-two week high of $93.70. The stock has a market capitalization of $103.97 billion, a price-to-earnings ratio of 57.13, a PEG ratio of 2.86 and a beta of 1.31.
Paypal (NASDAQ:PYPL) last posted its earnings results on Wednesday, July 25th. The credit services provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.17. Paypal had a return on equity of 12.91% and a net margin of 14.02%. The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the prior year, the company earned $0.46 earnings per share. Paypal’s revenue was up 23.0% on a year-over-year basis. On average, equities research analysts forecast that Paypal Holdings Inc will post 1.73 EPS for the current year.
In other Paypal news, insider Daniel H. Schulman sold 26,000 shares of the stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $92.43, for a total value of $2,403,180.00. Following the transaction, the insider now owns 323,316 shares of the company’s stock, valued at $29,884,097.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Aaron Anderson sold 17,062 shares of the stock in a transaction dated Friday, July 27th. The shares were sold at an average price of $88.22, for a total value of $1,505,209.64. Following the completion of the transaction, the vice president now directly owns 9,921 shares in the company, valued at approximately $875,230.62. The disclosure for this sale can be found here. In the last three months, insiders sold 149,732 shares of company stock worth $13,204,157. 0.20% of the stock is owned by corporate insiders.
Several equities research analysts recently commented on PYPL shares. Credit Suisse Group increased their price objective on Paypal from $93.00 to $100.00 and gave the company a “$87.38” rating in a research report on Thursday, July 19th. Morgan Stanley increased their price objective on Paypal from $89.00 to $96.00 and gave the company a “$87.38” rating in a research report on Thursday, July 19th. SunTrust Banks increased their price objective on Paypal to $92.00 and gave the company a “$88.22” rating in a research report on Wednesday, July 18th. Stephens reaffirmed a “buy” rating and set a $91.00 price objective on shares of Paypal in a research report on Friday, July 13th. Finally, Jefferies Financial Group started coverage on Paypal in a research report on Tuesday, July 10th. They set a “buy” rating and a $98.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $91.89.
PayPal Holdings, Inc operates as a technology platform 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 Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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