HPM Partners LLC boosted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 110,670 shares of the credit services provider’s stock after purchasing an additional 10,627 shares during the period. HPM Partners LLC’s holdings in PayPal Holdings were worth $5,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in PayPal Holdings by 3.5% during the first quarter. Vanguard Group Inc. now owns 75,643,714 shares of the credit services provider’s stock valued at $3,254,192,000 after purchasing an additional 2,549,683 shares during the period. FMR LLC lifted its position in PayPal Holdings by 28.2% during the first quarter. FMR LLC now owns 60,453,931 shares of the credit services provider’s stock valued at $2,600,728,000 after purchasing an additional 13,296,056 shares during the period. BlackRock Inc. lifted its position in PayPal Holdings by 2,792.8% during the first quarter. BlackRock Inc. now owns 60,103,922 shares of the credit services provider’s stock valued at $2,585,670,000 after purchasing an additional 58,026,239 shares during the period. Edgewood Management LLC lifted its position in PayPal Holdings by 3.7% during the first quarter. Edgewood Management LLC now owns 18,568,508 shares of the credit services provider’s stock valued at $798,817,000 after purchasing an additional 663,087 shares during the period. Finally, Wellington Management Group LLP lifted its position in PayPal Holdings by 15.4% during the first quarter. Wellington Management Group LLP now owns 14,813,195 shares of the credit services provider’s stock valued at $637,263,000 after purchasing an additional 1,982,305 shares during the period. Institutional investors own 82.46% of the company’s stock.

PayPal Holdings, Inc. (NASDAQ:PYPL) opened at 65.08 on Monday. PayPal Holdings, Inc. has a one year low of $38.06 and a one year high of $65.24. The stock has a 50 day moving average of $62.68 and a 200 day moving average of $62.68. The firm has a market capitalization of $78.25 billion, a price-to-earnings ratio of 52.48 and a beta of 0.98.

PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The business 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 company’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 earnings per share. Analysts forecast that PayPal Holdings, Inc. will post $1.83 earnings per share for the current year.

In other news, EVP Gary J. Marino sold 1,351 shares of PayPal Holdings stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $54.03, for a total transaction of $72,994.53. Following the completion of the sale, the executive vice president now directly owns 37,491 shares in the company, valued at $2,025,638.73. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 sale, the director now owns 124,516 shares of the company’s stock, valued at $7,244,340.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 262,702 shares of company stock valued at $15,375,804. Insiders own 6.00% of the company’s stock.

PYPL has been the subject of a number of research reports. BidaskClub upgraded shares of PayPal Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Robert W. Baird restated an “outperform” rating and set a $65.00 target price (up from $59.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Credit Suisse Group restated an “outperform” rating on shares of PayPal Holdings in a research report on Tuesday, September 5th. Royal Bank Of Canada restated a “buy” rating and set a $65.00 target price on shares of PayPal Holdings in a research report on Tuesday, August 29th. Finally, Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating and set a $72.00 target price (up from $60.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Eleven investment analysts have rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the stock. PayPal Holdings currently has a consensus rating of “Buy” and a consensus target price of $60.78.

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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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