Wasatch Advisors Inc. lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 44.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,376 shares of the credit services provider’s stock after selling 47,900 shares during the quarter. Wasatch Advisors Inc.’s holdings in PayPal Holdings were worth $3,187,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PYPL. Stelac Advisory Services LLC bought a new position in shares of PayPal Holdings in the first quarter valued at approximately $119,000. Harvest Fund Management Co. Ltd boosted its position 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 valued at $154,000 after acquiring an additional 1,808 shares during the period. MV Capital Management Inc. boosted its position 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 valued at $159,000 after acquiring an additional 199 shares during the period. Archford Capital Strategies LLC boosted its position 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 valued at $139,000 after acquiring an additional 1,281 shares during the period. Finally, Balentine LLC boosted its position in shares of PayPal Holdings by 28.7% in the first quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock valued at $150,000 after acquiring an additional 780 shares during the period. Hedge funds and other institutional investors own 82.47% of the company’s stock.

A number of equities analysts have recently commented on PYPL shares. Vetr upgraded shares of 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. Pacific Crest upgraded shares of PayPal Holdings from a “sector weight” rating to an “overweight” rating and raised their price objective for the company from $34.00 to $60.00 in a research report on Wednesday, June 21st. KeyCorp upgraded shares of PayPal Holdings to a “buy” rating and set a $60.00 price objective for the company in a research report on Wednesday, June 21st. BTIG Research raised their price objective on shares of PayPal Holdings from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, June 26th. Finally, BidaskClub upgraded shares of PayPal Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $65.45.

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PayPal Holdings, Inc. (NASDAQ:PYPL) traded up 0.82% during mid-day trading on Wednesday, hitting $67.22. The stock had a trading volume of 1,607,948 shares. PayPal Holdings, Inc. has a 12-month low of $38.06 and a 12-month high of $69.61. The firm has a market cap of $80.83 billion, a P/E ratio of 54.21 and a beta of 0.98. The stock has a 50-day moving average price of $64.38 and a 200 day moving average price of $64.38.

PayPal Holdings (NASDAQ:PYPL) last issued its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The business had revenue of $3.14 billion during 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 company’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 EPS. Equities analysts anticipate that PayPal Holdings, Inc. will post $1.84 EPS for the current fiscal year.

In related news, COO William J. Ready sold 90,000 shares of the firm’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 completion of the transaction, the chief operating officer now directly owns 29,252 shares of the company’s stock, valued at approximately $1,733,181. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John J. Donahoe sold 170,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were 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 directly owns 124,516 shares of the company’s stock, valued at $7,244,340.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 261,351 shares of company stock valued at $15,302,809. Company 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.

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

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