Whetstone Capital Advisors LLC lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 204,600 shares of the credit services provider’s stock after selling 800 shares during the period. PayPal Holdings comprises about 6.4% of Whetstone Capital Advisors LLC’s portfolio, making the stock its 6th largest holding. Whetstone Capital Advisors LLC’s holdings in PayPal Holdings were worth $11,979,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Rhumbline Advisers lifted its position in shares of 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 last quarter. Shikiar Asset Management Inc. lifted its position in shares of PayPal Holdings by 2,671.9% during the 2nd quarter. Shikiar Asset Management Inc. now owns 141,365 shares of the credit services provider’s stock valued at $7,587,000 after acquiring an additional 136,265 shares during the last quarter. Smith Asset Management Group LP acquired a new stake in shares of PayPal Holdings during the 2nd quarter valued at $50,648,000. GAM Holding AG lifted its position in shares of PayPal Holdings by 14.3% during the 2nd quarter. GAM Holding AG now owns 225,782 shares of the credit services provider’s stock valued at $12,118,000 after acquiring an additional 28,265 shares during the last quarter. Finally, BB&T Securities LLC lifted its position in shares of PayPal Holdings by 24.2% during the 2nd quarter. BB&T Securities LLC now owns 170,765 shares of the credit services provider’s stock valued at $9,164,000 after acquiring an additional 33,268 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.

A number of brokerages have recently commented on PYPL. Guggenheim reiterated a “buy” rating and set a $72.00 price objective (up previously from $67.00) on shares of PayPal Holdings in a research report on Thursday. 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 report on Tuesday. Sanford C. Bernstein reiterated an “outperform” rating and set a $66.00 price objective on shares of PayPal Holdings in a research report on Wednesday, September 27th. Vetr upgraded PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 price objective for the company in a research report on Thursday, August 10th. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and set a $75.00 price objective (up previously from $67.00) on shares of PayPal Holdings in a research report on Friday, September 29th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. PayPal Holdings presently has an average rating of “Buy” and an average price target of $62.83.

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Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) opened at 66.05 on Friday. The stock has a 50 day moving average price of $63.63 and a 200 day moving average price of $63.63. The firm has a market capitalization of $79.42 billion, a P/E ratio of 53.27 and a beta of 0.98. PayPal Holdings, Inc. has a 12 month low of $38.06 and a 12 month high of $66.41.

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, topping the consensus estimate of $0.43 by $0.03. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. PayPal Holdings’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 EPS. On average, analysts expect that PayPal Holdings, Inc. will post $1.84 earnings per share for the current year.

In related news, EVP Gary J. Marino sold 1,351 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $59.00, for a total value of $79,709.00. Following the transaction, the executive vice president now owns 37,492 shares in the company, valued at approximately $2,212,028. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO William J. Ready sold 90,000 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the completion of the transaction, the chief operating officer now owns 29,252 shares in the company, valued at approximately $1,733,181. The disclosure for this sale can be found here. Insiders have sold a total of 261,351 shares of company stock worth $15,302,809 over the last 90 days. 6.00% of the stock is owned by company insiders.

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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