Barton Investment Management increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 337,047 shares of the credit services provider’s stock after buying an additional 7,230 shares during the period. PayPal Holdings comprises approximately 4.8% of Barton Investment Management’s portfolio, making the stock its 9th largest position. Barton Investment Management’s holdings in PayPal Holdings were worth $18,089,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Thompson Davis & CO. Inc. boosted its position in PayPal Holdings by 36.7% in the first quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock valued at $104,000 after buying an additional 649 shares during the period. Crestwood Advisors Group LLC acquired a new position in PayPal Holdings during the first quarter valued at about $106,000. Carroll Financial Associates Inc. boosted its position in PayPal Holdings by 41.7% in the first quarter. Carroll Financial Associates Inc. now owns 2,516 shares of the credit services provider’s stock valued at $108,000 after buying an additional 740 shares during the period. Stelac Advisory Services LLC acquired a new position in PayPal Holdings during the first quarter valued at about $119,000. Finally, Clean Yield Group acquired a new position in PayPal Holdings during the first quarter valued at about $127,000. 81.31% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Holdings, Inc. (PYPL) traded up 0.03% during midday trading on Friday, hitting $58.04. The stock had a trading volume of 6,962,121 shares. The firm has a 50-day moving average of $57.01 and a 200 day moving average of $48.47. The firm has a market capitalization of $69.79 billion, a P/E ratio of 46.81 and a beta of 0.99. PayPal Holdings, Inc. has a 52-week low of $36.30 and a 52-week high of $61.30.

PayPal Holdings (NASDAQ:PYPL) last posted its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.36 earnings per share. On average, equities analysts forecast that PayPal Holdings, Inc. will post $1.84 EPS for the current year.

PayPal Holdings declared that its board has initiated a share repurchase plan on Wednesday, April 26th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the credit services provider to repurchase up to 9.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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Several research firms recently issued reports on PYPL. Citigroup Inc. reaffirmed a “buy” rating and issued a $67.00 price objective (up from $62.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Barclays PLC upped their price objective on PayPal Holdings from $63.00 to $66.00 and gave the company an “overweight” rating in a research report on Thursday, July 27th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $61.00 price objective (up from $51.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Robert W. Baird reaffirmed an “outperform” rating and issued a $65.00 price objective (up from $59.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Finally, Raymond James Financial, Inc. upped their price objective on PayPal Holdings from $52.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $59.49.

In related news, EVP Gary J. Marino sold 1,351 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $59.00, for a total transaction of $79,709.00. Following the completion of the transaction, the executive vice president now directly owns 37,492 shares in the company, valued at $2,212,028. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO William J. Ready sold 90,000 shares of the business’s stock in a transaction on 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 transaction, the chief operating officer now owns 29,252 shares of the company’s stock, valued at $1,733,181. The disclosure for this sale can be found here. Insiders have sold 95,852 shares of company stock valued at $5,653,198 over the last 90 days. 6.00% of the stock is currently owned by 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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