SeaBridge Investment Advisors LLC acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,812 shares of the credit services provider’s stock, valued at approximately $527,000.

Other hedge funds have also made changes to their positions in the company. Howland Capital Management LLC boosted its stake in shares of PayPal Holdings by 0.4% in the first quarter. Howland Capital Management LLC now owns 5,524 shares of the credit services provider’s stock valued at $238,000 after buying an additional 24 shares during the last quarter. Norway Savings Bank boosted its stake in shares of PayPal Holdings by 0.5% in the first quarter. Norway Savings Bank now owns 5,300 shares of the credit services provider’s stock valued at $228,000 after buying an additional 25 shares during the last quarter. Bangor Savings Bank boosted its stake in shares of PayPal Holdings by 0.3% in the first quarter. Bangor Savings Bank now owns 12,480 shares of the credit services provider’s stock valued at $537,000 after buying an additional 34 shares during the last quarter. Guardian Life Insurance Co. of America boosted its stake in shares of PayPal Holdings by 0.9% in the first quarter. Guardian Life Insurance Co. of America now owns 4,338 shares of the credit services provider’s stock valued at $187,000 after buying an additional 38 shares during the last quarter. Finally, Sheets Smith Wealth Management boosted its stake in shares of PayPal Holdings by 1.0% in the first quarter. Sheets Smith Wealth Management now owns 7,715 shares of the credit services provider’s stock valued at $332,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 81.31% of the company’s stock.

Shares of PayPal Holdings, Inc. (PYPL) traded down 0.12% during mid-day trading on Wednesday, hitting $59.41. 2,856,529 shares of the stock traded hands. The stock has a 50 day moving average price of $56.15 and a 200-day moving average price of $47.84. PayPal Holdings, Inc. has a one year low of $36.30 and a one year high of $61.30. The company has a market cap of $71.43 billion, a P/E ratio of 47.91 and a beta of 0.99.

PayPal Holdings (NASDAQ:PYPL) last announced its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ 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 analyst estimates of $3.09 billion. During the same period in the prior year, the company posted $0.36 EPS. PayPal Holdings’s quarterly revenue was up 18.3% on a year-over-year basis. On average, analysts forecast that PayPal Holdings, Inc. will post $1.84 earnings per share for the current fiscal year.

PayPal Holdings declared that its Board of Directors has initiated a share buyback plan on Wednesday, April 26th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to repurchase up to 9.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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Several analysts have commented on the stock. UBS AG restated a “neutral” rating and set a $48.00 price objective (up from $44.00) on shares of PayPal Holdings in a research note on Friday, April 28th. Monness Crespi & Hardt lifted their price objective on shares of PayPal Holdings from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, April 27th. Royal Bank Of Canada lifted their price objective on shares of PayPal Holdings from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. Vetr upgraded shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $51.23 price objective for the company in a research note on Wednesday, May 17th. Finally, Citigroup Inc. restated a “buy” rating and set a $62.00 price objective (up from $52.00) on shares of PayPal Holdings in a research note on Friday, June 9th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty have given a buy rating and two have given a strong buy rating to the stock. PayPal Holdings currently has a consensus rating of “Buy” and an average price target of $59.49.

In other PayPal Holdings news, EVP Gary J. Marino sold 1,350 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $52.48, for a total value of $70,848.00. Following the transaction, the executive vice president now directly owns 37,491 shares of the company’s stock, valued at approximately $1,967,527.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO William J. Ready sold 90,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 29,252 shares in the company, valued at $1,733,181. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,852 shares of company stock worth $5,653,198. 6.00% of the stock is currently owned by corporate insiders.

About PayPal Holdings

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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