Paypal Holdings Inc (NASDAQ:PYPL) Shares Bought by Shelton Capital Management

Joanna Estrada
August 13, 2017

Raymond James Trust N.A. now owns 11,349 shares of the credit services provider's stock valued at $488,000 after buying an additional 150 shares during the last quarter. Crestwood Advisors Group LLC bought a new position in shares of Paypal Holdings during the first quarter worth about $106,000. Stelac Advisory Services LLC acquired a new stake in shares of PayPal Holdings during the first quarter valued at about $119,000. NC increased its stake in Paypal Holdings by 5.5% in the first quarter. Creative Planning now owns 29,044 shares of the credit services provider's stock valued at $1,249,000 after buying an additional 776 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in PayPal Holdings by 8.6% in the first quarter. Vanguard Group Inc. now owns 77,758,731 shares of the credit services provider's stock worth $4,173,311,000 after buying an additional 2,115,017 shares during the period. Bangor Savings Bank raised its position in PayPal Holdings by 0.3% in the first quarter. Wellington Management Group LLP now owns 14,813,195 shares of the credit services provider's stock worth $637,263,000 after buying an additional 1,982,305 shares during the period. Hedge funds and other institutional investors own 81.31% of the company's stock. Rathbone Brothers Plc trimmed its holdings by shedding 2,353 shares a decrease of 0.4%. (NASDAQ:PYPL) opened at 58.04 on Friday. The stock has a market cap of $69.76 billion, a PE ratio of 46.79 and a beta of 0.99. Shares of the company are trading at $58.19 a tad above $56.76, the stock's 50 day moving average and barely above the 200 day moving average of $48.28. PayPal Holdings has a 1 year low of $36.30 and a 1 year high of $61.30.

Paypal Holdings (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. The Return on Equity ratio of PayPal Holdings, Inc. PYPL generated revenue of $3.08 Billion in the same quarter, one year ago. During the same quarter previous year, the company earned $0.36 EPS. The company's quarterly revenue was up 18.3% compared to the same quarter past year.

Covering sell-side analysts have recently weighed in on shares of PayPal Holdings, Inc.

PayPal Holdings announced that its Board of Directors has initiated a stock buyback program on Wednesday, April 26th that authorizes the company to buyback $5.00 billion in shares. This repurchase authorization allows the credit services provider to buy up to 9.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Three early 13F filers noted increases in their existing positions in PYPL stock, two of which added significantly to their holdings. "(NASDAQ:PYPL)" was first posted by Week Herald and is the property of of Week Herald. If you are reading this story on another publication, it was stolen and republished in violation of USA and global copyright & trademark laws. The original version of this piece of content can be accessed at https://weekherald.com/2017/08/12/paypal-holdings-inc-nasdaqpypl-position-boosted-by-rosenblum-silverman-sutton-s-f-inc-ca-updated-updated.html.

Several equities analysts have recently issued reports on PYPL shares. Loop Capital restated a "hold" rating and set a $51.00 price objective (up previously from $49.00) on shares of Paypal Holdings in a report on Thursday, July 27th. (NASDAQ:PYPL) from a hold rating to a sell rating in a research note released on Monday, July 24th. Wedbush restated an "outperform" rating and set a $54.00 price objective on shares of Paypal Holdings in a research note on Wednesday, April 19th. Finally, Cowen and Company boosted their price target on shares of PayPal Holdings from $39.00 to $42.00 and gave the stock a "market perform" rating in a research report on Friday, April 28th.

On July 19 the company was rated "Hold" by SunTrust Robinson Humphrey which was a cut from the previous "Buy" rating. The share last price represents downtick move of -5.35% in value from company's 52-Week high price and shows 59.83% above change in value from its 52-Week low price.

In other news, COO William J. Ready sold 90,000 shares of the firm's stock in a transaction on Monday, July 31st. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. After this sale, 37,149 common shares of PYPL are directly owned by the insider, with total stake valued at $2,155,385. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. While looking the figure depicted by the Price to Earning we can suggest that the shares of PayPal Holdings, Inc. Following the sale, the executive vice president now directly owns 37,491 shares in the company, valued at approximately $1,967,527.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,852 shares of company stock valued at $5,653,198. Currently, 2.2% of the company's stock are sold short.

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