PayPal Holdings, Inc. (NASDAQ:PYPL) recovered 50.07% of its value since hitting low of $74.66. The recent move of 0.53% gain helped the stock to close at $112.04 when trading ended on 7/30/2019. At a recent session, the prices were hovering between $108.77 and $112.29. This company shares are 11.78% off its target price of $125.24 and the current market capitalization stands at $131.22B. The recent change has given its price a -2.75% deficit over SMA 50 and -7.77% deficit over its 52-week high. The stock witnessed -2.11% declines, -0.65% declines and 22.96% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found PYPL’s volatility during a week at 2.72% and during a month it has been found around 1.84%.
What Does PayPal Holdings, Inc. (PYPL) Do?
The company describes itself in regulatory filings as, “PayPal Holdings, Inc. engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. It manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions. The company was founded in December 1998 and is headquartered in San Jose, CA.” [Text can be found here: https://www.marketwatch.com/investing/stock/PYPL/profile under company description.]PayPal Holdings, Inc. (PYPL) Top Holders
Institutional investors currently hold around $107.22 billion or 84.2% in PYPL stock. Look at its top three institutional owners: Vanguard Group Inc owns $9.79 billion in PayPal Holdings, Inc., which represents roughly 7.46% of the company’s market cap and approximately 9.13% of the institutional ownership. Similar statistics are true for the second largest owner, Fmr Llc, which owns 82,843,184 shares of the stock are valued at $9.23 billion. The third largest holder is Blackrock Inc., which currently holds $8.22 billion worth of this stock and that ownership represents nearly 6.27% of its market capitalization.
At the end of March reporting period, 769 institutional holders increased their position in PayPal Holdings, Inc. (NASDAQ:PYPL) by some 59,231,310 shares, 760 decreased positions by 52,044,788 and 214 held positions by 850,772,316. That puts total institutional holdings at 962,048,414 shares, according to SEC filings. The stock grabbed 165 new institutional investments totaling 18,687,168 shares while 94 institutional investors sold out their entire positions totaling 13,283,548 shares.PayPal Holdings, Inc. (NASDAQ:PYPL) Insider Trades
Multiple company employees have indulged in significant insider trading. PayPal Holdings, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP, Chief Risk Compliance Karczmer Aaron has sold 3,110 shares of PayPal Holdings, Inc. (PYPL) in the trading session dated Jul. 26, 2019. These shares are worth $359,858 and were traded at $115.71 each. The SEC filing shows that SCHULMAN DANIEL H performed a sale of 30,000 shares. The President and CEO disposed these shares by way of transaction on Jun. 06, 2019. The company’s shares were given away at $111.09 per share worth to an income of some $3,332,700 to the account of SCHULMAN DANIEL H.
EVP, Chief Strategy & Growth, Auerbach Jonathan, sold 8,730 common shares of PayPal Holdings, Inc. (PYPL) in the open market. In a transaction dated May. 16, 2019, the shares were put up for sale at an average price of $113.8, raking in a sum of $993,474. After this sale, 119,841 common shares of PYPL are directly owned by the insider, with total stake valued at $13,426,986.
In the transaction dated May. 16, 2019, a great number of shares sold came courtesy the EVP, Chief Bus. Aff. & Legal; Pentland Adele Louise disposed a total of 16,778 shares at an average price of $111.33, amounting to approximately $1,867,895. The insider now directly owns 52,907 shares worth $5,927,700.PayPal Holdings, Inc. (PYPL) Analyst Guide
Several analysts have released their opinion on PayPal Holdings, Inc. (NASDAQ:PYPL), with 14 analysts believing it is a strong buy. Whereas 12 of them predict the stock is a hold. Also, there are 15 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.95 average brokerage recommendation [T1].