AdvisorNet Financial Inc cut its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Get Rating) by 13.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,702 shares of the credit services provider’s stock after selling 2,209 shares during the quarter. AdvisorNet Financial Inc’s holdings in PayPal were worth $957,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of PYPL. Wiley BROS. Aintree Capital LLC increased its position in shares of PayPal by 1.9% in the 1st quarter. Wiley BROS. Aintree Capital LLC now owns 4,892 shares of the credit services provider’s stock valued at $566,000 after buying an additional 90 shares in the last quarter. Shay Capital LLC increased its holdings in PayPal by 2.2% during the 4th quarter. Shay Capital LLC now owns 4,520 shares of the credit services provider’s stock worth $852,000 after purchasing an additional 98 shares in the last quarter. Auxier Asset Management increased its holdings in PayPal by 6.4% during the 4th quarter. Auxier Asset Management now owns 1,667 shares of the credit services provider’s stock worth $314,000 after purchasing an additional 100 shares in the last quarter. Front Row Advisors LLC increased its holdings in PayPal by 7.5% during the 4th quarter. Front Row Advisors LLC now owns 1,441 shares of the credit services provider’s stock worth $272,000 after purchasing an additional 100 shares in the last quarter. Finally, First Command Bank increased its holdings in PayPal by 5.2% during the 1st quarter. First Command Bank now owns 2,023 shares of the credit services provider’s stock worth $234,000 after purchasing an additional 100 shares in the last quarter. 70.67% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, EVP Peggy Alford sold 21,791 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $97.82, for a total value of $2,131,595.62. Following the transaction, the executive vice president now owns 18,100 shares in the company, valued at $1,770,542. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.13% of the company’s stock.
Analyst Ratings Changes
PayPal Stock Performance
Shares of NASDAQ:PYPL opened at $94.00 on Friday. The company’s 50 day simple moving average is $90.21 and its 200 day simple moving average is $90.86. The stock has a market capitalization of $108.71 billion, a price-to-earnings ratio of 54.02, a price-to-earnings-growth ratio of 2.01 and a beta of 1.45. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.23 and a quick ratio of 1.23. PayPal Holdings, Inc. has a 1 year low of $67.58 and a 1 year high of $282.50.
PayPal (NASDAQ:PYPL – Get Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The credit services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.11. The business had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.76 billion. PayPal had a net margin of 7.79% and a return on equity of 16.79%. As a group, research analysts predict that PayPal Holdings, Inc. will post 2.89 EPS for the current fiscal year.
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.
- Get a free copy of the StockNews.com research report on PayPal (PYPL)
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