Vanguard Group Inc. lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,758,731 shares of the credit services provider’s stock after buying an additional 2,115,017 shares during the quarter. Vanguard Group Inc. owned approximately 6.47% of PayPal Holdings worth $4,173,311,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Rhumbline Advisers lifted its position in PayPal Holdings by 0.9% during the 2nd quarter. Rhumbline Advisers now owns 1,850,531 shares of the credit services provider’s stock valued at $99,318,000 after acquiring an additional 17,139 shares during the period. Shikiar Asset Management Inc. boosted its position in shares of PayPal Holdings by 2,671.9% in the 2nd quarter. Shikiar Asset Management Inc. now owns 141,365 shares of the credit services provider’s stock worth $7,587,000 after purchasing an additional 136,265 shares in the last quarter. Smith Asset Management Group LP bought a new stake in shares of PayPal Holdings in the 2nd quarter worth approximately $50,648,000. GAM Holding AG boosted its position in shares of PayPal Holdings by 14.3% in the 2nd quarter. GAM Holding AG now owns 225,782 shares of the credit services provider’s stock worth $12,118,000 after purchasing an additional 28,265 shares in the last quarter. Finally, BB&T Securities LLC boosted its position in shares of PayPal Holdings by 24.2% in the 2nd quarter. BB&T Securities LLC now owns 170,765 shares of the credit services provider’s stock worth $9,164,000 after purchasing an additional 33,268 shares in the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PayPal Holdings, Inc. (NASDAQ PYPL) opened at 64.22 on Wednesday. PayPal Holdings, Inc. has a 12 month low of $38.06 and a 12 month high of $65.24. The stock has a market cap of $77.22 billion, a price-to-earnings ratio of 51.79 and a beta of 0.98. The company has a 50-day moving average price of $63.36 and a 200-day moving average price of $63.36.

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

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In other news, EVP Gary J. Marino sold 1,351 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 37,492 shares of the company’s stock, valued at approximately $2,212,028. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO William J. Ready sold 90,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $59.25, for a total value of $5,332,500.00. Following the completion of the sale, the chief operating officer now directly owns 29,252 shares of the company’s stock, valued at $1,733,181. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 261,351 shares of company stock worth $15,302,809. Corporate insiders own 6.00% of the company’s stock.

PYPL has been the subject of a number of recent research reports. Deutsche Bank AG reiterated a “buy” rating and set a $77.00 price objective (up previously from $64.00) on shares of PayPal Holdings in a research note on Tuesday. Citigroup Inc. boosted their target price on PayPal Holdings to $77.00 and gave the stock a “buy” rating in a report on Tuesday. Buckingham Research initiated coverage on PayPal Holdings in a research note on Monday. They issued a “buy” rating and a $74.00 target price on the stock. Robert W. Baird restated a “buy” rating and set a $65.00 price target on shares of PayPal Holdings in a report on Friday, September 29th. Finally, Susquehanna Bancshares Inc restated a “positive” rating and set a $75.00 price objective (up from $67.00) on shares of PayPal Holdings in a research note on Friday, September 29th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirty-one have given a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $61.83.

PayPal Holdings Company 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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