FUKOKU MUTUAL LIFE INSURANCE Co continued to hold its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,500 shares of the credit services provider’s stock at the end of the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in PayPal Holdings were worth $295,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. FMR LLC raised its stake in shares of PayPal Holdings by 36.1% in the 2nd quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock valued at $4,415,371,000 after acquiring an additional 21,814,940 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of PayPal Holdings by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 77,758,731 shares of the credit services provider’s stock valued at $4,173,311,000 after acquiring an additional 2,115,017 shares in the last quarter. BlackRock Inc. raised its stake in shares of PayPal Holdings by 4.7% in the 2nd quarter. BlackRock Inc. now owns 62,938,949 shares of the credit services provider’s stock valued at $3,377,936,000 after acquiring an additional 2,835,027 shares in the last quarter. Edgewood Management LLC raised its stake in shares of PayPal Holdings by 3.7% in the 1st quarter. Edgewood Management LLC now owns 18,568,508 shares of the credit services provider’s stock valued at $798,817,000 after acquiring an additional 663,087 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of PayPal Holdings by 15.4% in the 1st quarter. Wellington Management Group LLP now owns 14,813,195 shares of the credit services provider’s stock valued at $637,263,000 after acquiring an additional 1,982,305 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.
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In related news, EVP Gary J. Marino sold 1,351 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $59.00, for a total value of $79,709.00. Following the completion of the sale, the executive vice president now directly owns 37,492 shares of the company’s stock, valued at approximately $2,212,028. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 sale, the chief operating officer now directly owns 29,252 shares of the company’s stock, valued at $1,733,181. The disclosure for this sale can be found here. Insiders sold a total of 261,351 shares of company stock valued at $15,302,809 over the last ninety days. 6.00% of the stock is currently owned by corporate insiders.
PYPL has been the topic of a number of recent analyst reports. TheStreet raised PayPal Holdings from a “c” rating to a “b-” rating in a research note on Monday, July 3rd. Royal Bank Of Canada reissued a “buy” rating and issued a $52.00 price objective on shares of PayPal Holdings in a research note on Wednesday, July 5th. Vetr raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $55.01 price objective on the stock in a research note on Tuesday, July 4th. BidaskClub downgraded PayPal Holdings from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Finally, BTIG Research lifted their price target on PayPal Holdings from $53.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. PayPal Holdings has an average rating of “Buy” and a consensus target price of $63.00.
PayPal Holdings, Inc. (PYPL) opened at 66.04 on Wednesday. The stock’s 50 day moving average price is $63.85 and its 200 day moving average price is $63.85. The firm has a market capitalization of $79.41 billion, a PE ratio of 53.26 and a beta of 0.98. PayPal Holdings, Inc. has a 52-week low of $38.06 and a 52-week high of $66.67.
PayPal Holdings (NASDAQ:PYPL) last issued its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the company posted $0.36 EPS. The firm’s revenue was up 18.3% compared to the same quarter last year. On average, analysts predict that PayPal Holdings, Inc. will post $1.84 EPS for the current fiscal year.
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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