Fiduciary Trust Co. raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 48.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,130 shares of the credit services provider’s stock after acquiring an additional 4,300 shares during the period. Fiduciary Trust Co.’s holdings in PayPal Holdings were worth $705,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in PYPL. BlackRock Inc. grew its position in PayPal Holdings by 2,792.8% in the first quarter. BlackRock Inc. now owns 60,103,922 shares of the credit services provider’s stock valued at $2,585,670,000 after acquiring an additional 58,026,239 shares during the period. FMR LLC grew its position in PayPal Holdings by 28.2% in the first quarter. FMR LLC now owns 60,453,931 shares of the credit services provider’s stock valued at $2,600,728,000 after acquiring an additional 13,296,056 shares during the period. American Century Companies Inc. grew its position in PayPal Holdings by 100.7% in the second quarter. American Century Companies Inc. now owns 8,080,639 shares of the credit services provider’s stock valued at $433,688,000 after acquiring an additional 4,054,993 shares during the period. Epoch Investment Partners Inc. bought a new stake in PayPal Holdings in the first quarter valued at $116,856,000. Finally, Vanguard Group Inc. grew its position in PayPal Holdings by 3.5% in the first quarter. Vanguard Group Inc. now owns 75,643,714 shares of the credit services provider’s stock valued at $3,254,192,000 after acquiring an additional 2,549,683 shares during the period. Hedge funds and other institutional investors own 82.46% of the company’s stock.

Shares of PayPal Holdings, Inc. (PYPL) opened at 65.08 on Friday. The firm has a 50 day moving average price of $62.68 and a 200 day moving average price of $62.68. The company has a market capitalization of $78.25 billion, a P/E ratio of 52.48 and a beta of 0.98. PayPal Holdings, Inc. has a one year low of $38.06 and a one year high of $65.24.

PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The firm’s revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 EPS. On average, equities research analysts predict that PayPal Holdings, Inc. will post $1.83 EPS for the current fiscal year.

A number of analysts have weighed in on PYPL shares. BidaskClub upgraded PayPal Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Robert W. Baird reiterated an “outperform” rating and issued a $65.00 price target (up from $59.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Credit Suisse Group reiterated an “outperform” rating on shares of PayPal Holdings in a research report on Tuesday, September 5th. Royal Bank Of Canada reiterated a “buy” rating and issued a $65.00 price target on shares of PayPal Holdings in a research report on Tuesday, August 29th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating and issued a $72.00 price target (up from $60.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Eleven research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $60.78.

In related news, Director John J. Donahoe sold 170,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $58.18, for a total transaction of $9,890,600.00. Following the transaction, the director now directly owns 124,516 shares of the company’s stock, valued at approximately $7,244,340.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO William J. Ready sold 90,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $59.25, for a total value of $5,332,500.00. Following the transaction, the chief operating officer now directly owns 29,252 shares in the company, valued at $1,733,181. The disclosure for this sale can be found here. Insiders sold a total of 262,702 shares of company stock worth $15,375,804 over the last three months. 6.00% of the stock is owned by company insiders.

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PayPal Holdings Profile

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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