Cedar Capital LLC Boosts Holdings in Paypal Holdings Inc (PYPL)

Cedar Capital LLC raised its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 48.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,191 shares of the credit services provider’s stock after acquiring an additional 7,605 shares during the quarter. Paypal makes up approximately 0.9% of Cedar Capital LLC’s holdings, making the stock its 26th largest position. Cedar Capital LLC’s holdings in Paypal were worth $1,931,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of PYPL. Weatherly Asset Management L. P. boosted its position in shares of Paypal by 0.8% in the 2nd quarter. Weatherly Asset Management L. P. now owns 87,418 shares of the credit services provider’s stock worth $7,279,000 after purchasing an additional 656 shares in the last quarter. Allen Investment Management LLC raised its holdings in Paypal by 41.5% in the 2nd quarter. Allen Investment Management LLC now owns 20,577 shares of the credit services provider’s stock worth $1,713,000 after acquiring an additional 6,039 shares during the last quarter. Hemenway Trust Co LLC raised its holdings in Paypal by 171.8% in the 2nd quarter. Hemenway Trust Co LLC now owns 63,920 shares of the credit services provider’s stock worth $5,323,000 after acquiring an additional 40,405 shares during the last quarter. XR Securities LLC purchased a new position in Paypal in the 2nd quarter worth approximately $229,000. Finally, Temasek Holdings Private Ltd raised its holdings in Paypal by 4.8% in the 1st quarter. Temasek Holdings Private Ltd now owns 5,647,793 shares of the credit services provider’s stock worth $428,498,000 after acquiring an additional 259,830 shares during the last quarter. 78.66% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PYPL opened at $85.32 on Friday. The firm has a market cap of $102.99 billion, a price-to-earnings ratio of 61.38, a P/E/G ratio of 2.87 and a beta of 1.25. Paypal Holdings Inc has a 1-year low of $58.76 and a 1-year high of $92.35.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, July 25th. The credit services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.41 by $0.17. The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.81 billion. Paypal had a return on equity of 12.91% and a net margin of 14.02%. Paypal’s revenue was up 23.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 EPS. equities research analysts predict that Paypal Holdings Inc will post 1.72 earnings per share for the current year.

PYPL has been the subject of a number of recent analyst reports. Wells Fargo & Co boosted their price objective on shares of Paypal from $95.00 to $101.00 and gave the stock an “outperform” rating in a report on Thursday, July 26th. Atlantic Securities upgraded shares of Paypal from a “neutral” rating to an “overweight” rating and set a $43.00 price objective for the company in a report on Thursday, June 21st. Credit Suisse Group boosted their price objective on shares of Paypal from $93.00 to $100.00 and gave the stock a “$87.38” rating in a report on Thursday, July 19th. Zacks Investment Research lowered shares of Paypal from a “hold” rating to a “sell” rating in a report on Friday, April 20th. Finally, Morgan Stanley boosted their price objective on shares of Paypal from $88.00 to $89.00 and gave the stock an “overweight” rating in a report on Thursday, April 26th. Seven investment analysts have rated the stock with a hold rating and thirty-four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $88.56.

In other news, COO William J. Ready sold 38,878 shares of the company’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $88.22, for a total value of $3,429,817.16. Following the completion of the sale, the chief operating officer now directly owns 119,215 shares in the company, valued at approximately $10,517,147.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Daniel H. Schulman sold 26,000 shares of the company’s stock in a transaction on Thursday, May 31st. The stock was sold at an average price of $82.21, for a total value of $2,137,460.00. Following the completion of the sale, the chief executive officer now owns 353,297 shares of the company’s stock, valued at $29,044,546.37. The disclosure for this sale can be found here. Insiders sold a total of 149,732 shares of company stock valued at $12,778,537 over the last 90 days. 0.20% of the stock is currently owned by company insiders.

About Paypal

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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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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