Machina Capital S.A.S. Purchases 17,884 Shares of Paypal Holdings Inc (NASDAQ:PYPL)

Machina Capital S.A.S. grew its position in Paypal Holdings Inc (NASDAQ:PYPL) by 184.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 27,569 shares of the credit services provider’s stock after acquiring an additional 17,884 shares during the quarter. Paypal makes up approximately 1.2% of Machina Capital S.A.S.’s investment portfolio, making the stock its 3rd biggest position. Machina Capital S.A.S.’s holdings in Paypal were worth $3,156,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bristlecone Advisors LLC lifted its stake in shares of Paypal by 13.4% in the 2nd quarter. Bristlecone Advisors LLC now owns 29,895 shares of the credit services provider’s stock valued at $3,422,000 after purchasing an additional 3,525 shares in the last quarter. Winslow Evans & Crocker Inc. lifted its stake in shares of Paypal by 5.0% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 2,878 shares of the credit services provider’s stock valued at $332,000 after purchasing an additional 136 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Paypal by 5.3% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 41,486 shares of the credit services provider’s stock valued at $4,749,000 after purchasing an additional 2,100 shares in the last quarter. Altium Wealth Management LLC lifted its stake in shares of Paypal by 5.2% in the 2nd quarter. Altium Wealth Management LLC now owns 8,386 shares of the credit services provider’s stock valued at $960,000 after purchasing an additional 415 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its stake in shares of Paypal by 49.1% in the 2nd quarter. Moors & Cabot Inc. now owns 11,627 shares of the credit services provider’s stock valued at $1,325,000 after purchasing an additional 3,828 shares in the last quarter. 80.97% of the stock is currently owned by institutional investors and hedge funds.

PYPL stock traded down $0.02 during midday trading on Tuesday, hitting $111.43. 4,130,747 shares of the company’s stock were exchanged, compared to its average volume of 5,544,327. Paypal Holdings Inc has a 12-month low of $74.66 and a 12-month high of $121.48. The business has a 50 day moving average of $117.00. The firm has a market capitalization of $135.89 billion, a PE ratio of 62.25, a price-to-earnings-growth ratio of 2.68 and a beta of 0.98.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.12. Paypal had a return on equity of 17.14% and a net margin of 15.36%. The company had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the business earned $0.58 EPS. Paypal’s revenue for the quarter was up 11.7% compared to the same quarter last year. Sell-side analysts predict that Paypal Holdings Inc will post 2.41 earnings per share for the current year.

In other Paypal news, EVP Jonathan Auerbach sold 8,730 shares of Paypal stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $113.80, for a total transaction of $993,474.00. Following the sale, the executive vice president now directly owns 120,470 shares in the company, valued at approximately $13,709,486. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $109.73, for a total value of $3,291,900.00. Following the sale, the insider now owns 538,821 shares in the company, valued at $59,124,828.33. The disclosure for this sale can be found here. Insiders have sold a total of 68,730 shares of company stock worth $7,618,074 over the last 90 days. 0.15% of the stock is owned by company insiders.

Several equities analysts have recently weighed in on PYPL shares. KeyCorp lowered Masco from an “overweight” rating to a “sector weight” rating in a research note on Thursday, July 25th. Royal Bank of Canada reissued a “sell” rating and set a $7.50 price target on shares of Deutsche Bank in a research report on Thursday, April 25th. Barclays set a $24.00 price target on Tenet Healthcare and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Nomura raised Fujitsu from a “neutral” rating to a “buy” rating in a research report on Thursday, July 25th. Finally, Craig Hallum lowered MarineMax from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-three have assigned a buy rating to the company. Paypal has an average rating of “Buy” and a consensus price target of $119.89.

Paypal Profile

PayPal Holdings, Inc operates as a technology platform and digital payments 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 iZettle products. The company's Payments Platform allows consumers to send 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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