Burns J W & Co. Inc. NY maintained its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the second quarter, Holdings Channel reports. The fund owned 22,100 shares of the credit services provider’s stock at the end of the second quarter. Burns J W & Co. Inc. NY’s holdings in PayPal Holdings were worth $1,186,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Raymond James Trust N.A. increased its position in PayPal Holdings by 1.3% in the first quarter. 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 in the last quarter. Creative Planning increased its position in PayPal Holdings by 2.7% 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. Sheets Smith Wealth Management increased its position in PayPal Holdings by 1.0% in the first quarter. Sheets Smith Wealth Management now owns 7,715 shares of the credit services provider’s stock valued at $332,000 after buying an additional 75 shares in the last quarter. Chesley Taft & Associates LLC increased its position in PayPal Holdings by 3.3% in the first quarter. Chesley Taft & Associates LLC now owns 7,480 shares of the credit services provider’s stock valued at $322,000 after buying an additional 240 shares in the last quarter. Finally, Carroll Financial Associates Inc. increased its position in PayPal Holdings by 41.7% in the first quarter. Carroll Financial Associates Inc. now owns 2,516 shares of the credit services provider’s stock valued at $108,000 after buying an additional 740 shares in the last quarter. Hedge funds and other institutional investors own 81.31% of the company’s stock.

Shares of PayPal Holdings, Inc. (PYPL) traded up 0.22% on Friday, hitting $58.15. 3,481,488 shares of the stock were exchanged. PayPal Holdings, Inc. has a one year low of $36.30 and a one year high of $61.30. The firm’s 50-day moving average is $56.89 and its 200-day moving average is $48.35. The company has a market cap of $69.92 billion, a P/E ratio of 46.90 and a beta of 0.99.

PayPal Holdings (NASDAQ:PYPL) last posted its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 earnings per share. On average, equities analysts forecast that PayPal Holdings, Inc. will post $1.84 EPS for the current fiscal year.

PayPal Holdings announced that its board has approved a stock buyback program on Wednesday, April 26th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the credit services provider to purchase up to 9.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

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Several research firms have issued reports on PYPL. UBS AG restated a “neutral” rating and issued a $48.00 price objective (up previously from $44.00) on shares of PayPal Holdings in a research note on Friday, April 28th. Monness Crespi & Hardt upped their price objective on shares of PayPal Holdings from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, April 27th. Royal Bank Of Canada upped their price objective on shares of PayPal Holdings from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. Vetr upgraded shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $51.23 price objective for the company in a research note on Wednesday, May 17th. Finally, Citigroup Inc. restated a “buy” rating and issued a $62.00 price objective (up previously from $52.00) on shares of PayPal Holdings in a research note on Friday, June 9th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $59.49.

In other PayPal Holdings news, EVP Gary J. Marino sold 1,351 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $59.00, for a total value of $79,709.00. Following the completion of the sale, the executive vice president now directly owns 37,492 shares of the company’s stock, valued at $2,212,028. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gary J. Marino sold 1,350 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $52.48, for a total transaction of $70,848.00. Following the completion of the sale, the executive vice president now directly owns 37,491 shares of the company’s stock, valued at $1,967,527.68. The disclosure for this sale can be found here. Insiders sold 95,852 shares of company stock valued at $5,653,198 over the last three months. Insiders own 6.00% of the company’s stock.

About PayPal Holdings

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

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Institutional Ownership by Quarter for PayPal Holdings (NASDAQ:PYPL)

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