WestEnd Advisors LLC reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,190,774 shares of the credit services provider’s stock after selling 124,501 shares during the period. PayPal Holdings makes up about 5.5% of WestEnd Advisors LLC’s investment portfolio, making the stock its largest position. WestEnd Advisors LLC owned about 0.10% of PayPal Holdings worth $63,909,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Flagship Harbor Advisors LLC increased its position in PayPal Holdings by 4.5% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 12,844 shares of the credit services provider’s stock worth $696,000 after buying an additional 552 shares during the period. Hosking Partners LLP increased its position in PayPal Holdings by 1.6% in the 2nd quarter. Hosking Partners LLP now owns 1,423,677 shares of the credit services provider’s stock worth $76,409,000 after buying an additional 23,107 shares during the period. Banque Pictet & Cie SA increased its position in PayPal Holdings by 80.0% in the 2nd quarter. Banque Pictet & Cie SA now owns 69,519 shares of the credit services provider’s stock worth $3,731,000 after buying an additional 30,900 shares during the period. Pictet North America Advisors SA increased its position in PayPal Holdings by 70.3% in the 2nd quarter. Pictet North America Advisors SA now owns 54,519 shares of the credit services provider’s stock worth $2,926,000 after buying an additional 22,500 shares during the period. Finally, State of Tennessee Treasury Department increased its position in PayPal Holdings by 18.7% in the 2nd quarter. State of Tennessee Treasury Department now owns 364,117 shares of the credit services provider’s stock worth $19,542,000 after buying an additional 57,471 shares during the period. 82.46% of the stock is currently owned by institutional investors.

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Several research analysts have commented on the company. Vetr raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 price target on the stock in a research report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating and issued a $72.00 price target (up from $60.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Robert W. Baird reissued an “outperform” rating and set a $65.00 price objective (up previously from $59.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Citigroup Inc. reissued a “buy” rating and set a $67.00 price objective (up previously from $62.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Finally, Bank of America Corporation reissued a “neutral” rating and set a $62.00 price objective (up previously from $58.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Eleven research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company’s stock. PayPal Holdings has a consensus rating of “Buy” and an average price target of $60.78.

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) opened at 64.63 on Friday. The company has a 50-day moving average price of $62.68 and a 200-day moving average price of $62.68. The company has a market cap of $77.71 billion, a P/E ratio of 52.12 and a beta of 0.98. PayPal Holdings, Inc. has a 12-month low of $38.06 and a 12-month high of $64.95.

PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter last year, the business posted $0.36 EPS. PayPal Holdings’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, analysts predict that PayPal Holdings, Inc. will post $1.83 earnings per share for the current year.

In other PayPal Holdings news, Director John J. Donahoe sold 170,000 shares of PayPal Holdings stock in a transaction dated 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 transaction, the director now directly owns 124,516 shares of the company’s stock, valued at approximately $7,244,340.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gary J. Marino sold 1,351 shares of PayPal Holdings stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $54.03, for a total value of $72,994.53. Following the transaction, the executive vice president now directly owns 37,491 shares in the company, valued at $2,025,638.73. The disclosure for this sale can be found here. In the last three months, insiders have sold 262,702 shares of company stock worth $15,375,804. 6.00% of the stock is currently owned by company insiders.

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.

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

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