Ithaka Group LLC boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 260,226 shares of the credit services provider’s stock after buying an additional 1,509 shares during the quarter. PayPal Holdings makes up about 2.5% of Ithaka Group LLC’s holdings, making the stock its 15th biggest position. Ithaka Group LLC’s holdings in PayPal Holdings were worth $13,966,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. Thompson Davis & CO. Inc. boosted its stake in shares of PayPal Holdings by 36.7% during the 1st quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock valued at $104,000 after buying an additional 649 shares during the period. Stelac Advisory Services LLC acquired a new position in shares of PayPal Holdings in the first quarter worth $119,000. Harvest Fund Management Co. Ltd increased its stake in shares of PayPal Holdings by 171.4% in the second quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock worth $154,000 after acquiring an additional 1,808 shares during the last quarter. MV Capital Management Inc. increased its stake in shares of PayPal Holdings by 7.2% in the second quarter. MV Capital Management Inc. now owns 2,963 shares of the credit services provider’s stock worth $159,000 after acquiring an additional 199 shares during the last quarter. Finally, Archford Capital Strategies LLC increased its stake in shares of PayPal Holdings by 65.4% in the first quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock worth $139,000 after acquiring an additional 1,281 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.

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PayPal Holdings, Inc. (NASDAQ PYPL) opened at 64.18 on Tuesday. The firm’s 50-day moving average price is $63.31 and its 200 day moving average price is $63.31. The firm has a market capitalization of $77.17 billion, a price-to-earnings ratio of 51.76 and a beta of 0.98. PayPal Holdings, Inc. has a 1-year low of $38.06 and a 1-year high of $65.24.

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

Several brokerages recently issued reports on PYPL. TheStreet upgraded PayPal Holdings from a “c” rating to a “b-” rating in a report on Monday, July 3rd. Vetr raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $54.78 price objective for the company in a research report on Wednesday, June 21st. BTIG Research boosted their target price on PayPal Holdings from $53.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, June 26th. KeyCorp upgraded PayPal Holdings to a “buy” rating and set a $60.00 target price on the stock in a research note on Wednesday, June 21st. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $62.00 target price (up from $52.00) on shares of PayPal Holdings in a research report on Friday, June 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating, thirty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $61.29.

In other news, Director John J. Donahoe sold 170,000 shares of the stock in a transaction 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 sale, 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 legal filing with the SEC, which is accessible through the SEC website. Also, COO William J. Ready sold 90,000 shares of the stock in a transaction 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 sale, 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 261,351 shares of company stock valued at $15,302,809 over the last ninety days. Insiders own 6.00% of the company’s stock.

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.

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

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