Steinberg Global Asset Management Reduces Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Bruno Cirelli
Luglio 18, 2017

Here is the rundown on market activity for PayPal Holdings, Inc. PayPal Holdings (NASDAQ:PYPL) last announced its earnings results on Wednesday, April 26th. Inc. now owns 2,415 shares of the credit services provider's stock valued at $104,000 after buying an additional 649 shares during the last quarter. That brings the EVP's holdings to $3,276,361 as recorded in a recent Form 4 SEC filing.

A number of equities analysts have commented on PYPL shares. Howland Capital Management LLC increased its position in PayPal Holdings by 0.4% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 66,340 shares of the credit services provider's stock worth $2,854,000 after buying an additional 2,347 shares during the last quarter. Inc. raised its stake in PayPal Holdings by 36.7% in the first quarter. Lindsell Train Ltd now owns 6,281,983 shares of the credit services provider's stock valued at $270,251,000 after buying an additional 232,200 shares during the period. Beese Fulmer Investment Management, Inc. claims 77,215 shares worth $4,144,000. Tredje AP fonden now owns 135,685 shares of the credit services provider's stock worth $5,355,000 after buying an additional 42,240 shares in the last quarter. Bangor Savings Bank increased its position in PayPal Holdings by 0.3% in the first quarter. Sheets Smith Wealth Management now owns 7,715 shares of the credit services provider's stock worth $332,000 after buying an additional 75 shares during the period. PayPal Holdings has a one year low of $35.72 and a one year high of $55.14. (NASDAQ:PYPL) traded up 0.306% during trading on Monday, hitting $57.335. The Market Capitalization of the company stands at 69.55 Billion. The stock has a 50-day moving average of $52.01 and a 200 day moving average of $44.86. The credit services provider reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.33 by $0.01. The firm had revenue of $2.98 billion for the quarter, compared to analysts' expectations of $2.94 billion. PayPal Holdings had a net margin of 12.60% and a return on equity of 10.78%. The company's revenue was up 16.9% compared to the same quarter a year ago. During the same quarter in the previous year, the company earned $0.37 EPS. For the next 5 years, PayPal Holdings, Inc.is expecting Growth of 17.32% per annum, whereas in the past 5 years the growth was 110.04% per annum.

The Company operates a two-sided global technology platform that links its customers, both merchants and consumers, around the globe to facilitate the processing of payment transactions, allowing it to connect merchants and consumers. "(PYPL) Stake Decreased by EULAV Asset Management" was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another site, it was stolen and republished in violation of United States & worldwide copyright & trademark law. The correct version of this piece can be viewed at https://www.themarketsdaily.com/2017/07/17/westbourne-investment-advisors-inc-invests-764000-in-paypal-holdings-inc-pypl.html.

A number of research firms recently weighed in on PYPL. On October 21 the stock rating was upgraded to "Buy" from "Hold" with a current price target of $46.00 in a report issued by Stifel Nicolaus. Wedbush maintained the shares of PYPL in report on Thursday, April 28 with "Outperform" rating. Zacks Investment Research lowered shares of PayPal Holdings from a "hold" rating to a "sell" rating in a research report on Thursday, April 27th. Barclays PLC boosted their price objective on PayPal Holdings to $63.00 and gave the stock an "overweight" rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the stock.

In related news, EVP Gary J. Marino sold 1,351 shares of PayPal Holdings stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $53.97, for a total value of $97,146.00. Following the completion of the sale, the executive vice president now owns 37,491 shares in the company, valued at $2,025,638.73. Also, Director Gail J. Mcgovern sold 1,800 shares of the company's stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $54.03, for a total transaction of $72,994.53. Shares repurchase programs are usually a sign that the company's board of directors believes its stock is undervalued. In the last three months, insiders sold 4,501 shares of company stock valued at $240,989. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 6.01% where SMA50 and SMA200 are 9.57% and 29.54% respectively.

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants.

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