Sheaff Brock Investment Advisors LLC lifted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 12.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,387 shares of the credit services provider’s stock after buying an additional 1,385 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in PayPal Holdings were worth $665,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of PYPL. Thompson Davis & CO. Inc. grew its position in shares of PayPal Holdings by 36.7% during the 1st quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock worth $104,000 after buying an additional 649 shares during the period. Stelac Advisory Services LLC acquired a new stake in shares of PayPal Holdings during the 1st quarter worth approximately $119,000. Clean Yield Group acquired a new stake in shares of PayPal Holdings during the 1st quarter worth approximately $127,000. Archford Capital Strategies LLC grew its position in shares of PayPal Holdings by 65.4% during the 1st quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock worth $139,000 after buying an additional 1,281 shares during the period. Finally, First Personal Financial Services grew its position in shares of PayPal Holdings by 73.4% during the 1st quarter. First Personal Financial Services now owns 3,494 shares of the credit services provider’s stock worth $150,000 after buying an additional 1,479 shares during the period. Institutional investors own 82.46% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Sheaff Brock Investment Advisors LLC Has $665,000 Stake in PayPal Holdings, Inc. (PYPL)” was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another website, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be accessed at https://www.dailypolitical.com/2017/09/24/sheaff-brock-investment-advisors-llc-has-665000-stake-in-paypal-holdings-inc-pypl.html.

Several brokerages have recently commented on PYPL. KeyCorp reiterated a “buy” rating and set a $70.00 price target (up previously from $66.00) on shares of PayPal Holdings in a research report on Monday, September 18th. Barclays PLC lifted their price target on shares of PayPal Holdings from $66.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, September 15th. Sanford C. Bernstein reiterated an “outperform” rating and set a $66.00 price target (up previously from $61.00) on shares of PayPal Holdings in a research report on Tuesday, September 5th. Credit Suisse Group reiterated an “outperform” rating on shares of PayPal Holdings in a research report on Tuesday, September 5th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $61.27 price target (down previously from $70.00) on shares of PayPal Holdings in a research report on Wednesday, September 6th. Eleven research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $60.78.

In other PayPal Holdings news, Director John J. Donahoe sold 170,000 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $7,244,340.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO William J. Ready sold 90,000 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer now owns 29,252 shares in the company, valued at $1,733,181. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 262,702 shares of company stock worth $15,375,804. Company insiders own 6.00% of the company’s stock.

Shares of PayPal Holdings, Inc. (NASDAQ PYPL) opened at 65.08 on Friday. The company has a market capitalization of $78.25 billion, a price-to-earnings ratio of 52.48 and a beta of 0.98. The firm’s 50-day moving average is $62.68 and its 200 day moving average is $62.68. PayPal Holdings, Inc. has a 52-week low of $38.06 and a 52-week high of $65.24.

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

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.

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL).

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

Receive News & Ratings for PayPal Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.