W.G. Shaheen & Associates DBA Whitney & Co lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,780 shares of the credit services provider’s stock after acquiring an additional 1,240 shares during the quarter. PayPal Holdings makes up 1.8% of W.G. Shaheen & Associates DBA Whitney & Co’s holdings, making the stock its 16th biggest holding. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in PayPal Holdings were worth $5,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Thompson Davis & CO. Inc. raised its position in shares of PayPal Holdings by 36.7% during the first quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock worth $104,000 after acquiring an additional 649 shares during the last quarter. Stelac Advisory Services LLC bought a new position in shares of PayPal Holdings during the first quarter worth about $119,000. Harvest Fund Management Co. Ltd raised its position in shares of PayPal Holdings by 171.4% during 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. raised its position in shares of PayPal Holdings by 7.2% during 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 raised its position in shares of PayPal Holdings by 65.4% during 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.

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) opened at 64.01 on Thursday. The firm has a 50 day moving average price of $63.39 and a 200 day moving average price of $63.39. The company has a market capitalization of $76.97 billion, a price-to-earnings ratio of 51.62 and a beta of 0.98. PayPal Holdings, Inc. has a 52 week low of $38.06 and a 52 week high of $65.24.

PayPal Holdings (NASDAQ:PYPL) last issued its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, beating the 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 period last year, the business posted $0.36 EPS. The company’s revenue was up 18.3% compared to the same quarter last year. Equities analysts forecast that PayPal Holdings, Inc. will post $1.84 EPS for the current year.

In other PayPal Holdings 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 in the company, valued at approximately $7,244,340.88. The sale was disclosed in a document filed 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 shares were 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 owns 29,252 shares in the company, valued at $1,733,181. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 261,351 shares of company stock worth $15,302,809. Company insiders own 6.00% of the company’s stock.

A number of brokerages have recently issued reports on PYPL. Citigroup Inc. raised their price objective on PayPal Holdings to $77.00 and gave the stock a “buy” rating in a research report on Tuesday. Deutsche Bank AG reiterated a “buy” rating and issued a $77.00 target price (up from $64.00) on shares of PayPal Holdings in a report on Tuesday. Buckingham Research began coverage on PayPal Holdings in a report on Monday. They issued a “buy” rating and a $74.00 target price for the company. Robert W. Baird reiterated a “buy” rating and issued a $65.00 target price on shares of PayPal Holdings in a report on Friday, September 29th. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $75.00 target price (up from $67.00) on shares of PayPal Holdings in a report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirty-one have assigned 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 price target of $61.83.

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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.

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

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