Goodnow Investment Group LLC lowered its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 936,164 shares of the credit services provider’s stock after selling 56,840 shares during the quarter. PayPal Holdings makes up 10.5% of Goodnow Investment Group LLC’s portfolio, making the stock its 2nd biggest position. Goodnow Investment Group LLC owned 0.08% of PayPal Holdings worth $50,244,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PYPL. Thompson Davis & CO. Inc. raised its holdings in shares of PayPal Holdings by 36.7% in the 1st quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock valued at $104,000 after purchasing an additional 649 shares in the last quarter. Stelac Advisory Services LLC bought a new stake in shares of PayPal Holdings in the 1st quarter valued at about $119,000. Archford Capital Strategies LLC raised its holdings in shares of PayPal Holdings by 65.4% in the 1st quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock valued at $139,000 after purchasing an additional 1,281 shares in the last quarter. Balentine LLC raised its holdings in shares of PayPal Holdings by 28.7% in the 1st quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock valued at $150,000 after purchasing an additional 780 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd raised its holdings in shares of PayPal Holdings by 171.4% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock valued at $154,000 after purchasing an additional 1,808 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

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In other PayPal Holdings 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 value of $9,890,600.00. Following the completion of the transaction, the director now owns 124,516 shares in the company, valued at approximately $7,244,340.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Gary J. Marino sold 1,351 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $59.00, for a total value of $79,709.00. Following the completion of the transaction, the executive vice president now owns 37,492 shares of the company’s stock, valued at approximately $2,212,028. The disclosure for this sale can be found here. In the last 90 days, insiders sold 261,351 shares of company stock valued at $15,302,809. 6.00% of the stock is owned by company insiders.

PayPal Holdings, Inc. (PYPL) opened at 66.05 on Friday. The stock has a market cap of $79.42 billion, a P/E ratio of 53.27 and a beta of 0.98. PayPal Holdings, Inc. has a 52 week low of $38.06 and a 52 week high of $66.41. The company has a 50-day moving average of $63.63 and a 200-day moving average of $63.63.

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

PYPL has been the subject of several recent research reports. Sanford C. Bernstein upgraded shares of PayPal Holdings from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $46.00 to $61.00 in a report on Monday, July 10th. Stephens reiterated an “overweight” rating and set a $59.00 price objective (up previously from $51.00) on shares of PayPal Holdings in a research note on Monday, June 19th. Loop Capital reiterated a “hold” rating and set a $49.00 price objective on shares of PayPal Holdings in a research note on Wednesday, July 12th. Citigroup Inc. boosted their price objective on shares of PayPal Holdings to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, October 3rd. Finally, Barclays PLC boosted their price objective on shares of PayPal Holdings from $63.00 to $66.00 and gave the stock an “overweight” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. PayPal Holdings has a consensus rating of “Buy” and a consensus price target of $62.83.

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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