Signaturefd LLC lifted its position in Paypal Holdings Inc (NASDAQ:PYPL) by 72.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,153 shares of the credit services provider’s stock after buying an additional 2,580 shares during the quarter. Signaturefd LLC’s holdings in Paypal were worth $512,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Archford Capital Strategies LLC increased its holdings in Paypal by 92.6% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,300 shares of the credit services provider’s stock worth $108,000 after purchasing an additional 625 shares during the period. Well Done LLC purchased a new stake in Paypal during the 1st quarter worth about $128,000. Landaas & Co. WI ADV purchased a new stake in Paypal during the 2nd quarter worth about $135,000. Adviser Investments LLC increased its holdings in Paypal by 165.3% during the 2nd quarter. Adviser Investments LLC now owns 1,653 shares of the credit services provider’s stock worth $138,000 after purchasing an additional 1,030 shares during the period. Finally, Itau Unibanco Holding S.A. increased its holdings in Paypal by 50.8% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 1,722 shares of the credit services provider’s stock worth $142,000 after purchasing an additional 580 shares during the period. Hedge funds and other institutional investors own 79.66% of the company’s stock.

Several research analysts have recently issued reports on the company. Berenberg Bank assumed coverage on Paypal in a research report on Thursday, August 30th. They set a “buy” rating and a $104.00 price objective for the company. BidaskClub raised Paypal from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 31st. Zacks Investment Research cut Paypal from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. KeyCorp reaffirmed an “overweight” rating and set a $100.00 price objective (up from $95.00) on shares of Paypal in a research report on Wednesday, July 25th. Finally, Wells Fargo & Co upped their price objective on Paypal from $95.00 to $101.00 and gave the stock an “outperform” rating in a research report on Thursday, July 26th. Seven equities research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $89.54.

In other news, COO William J. Ready sold 38,878 shares of the stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $88.22, for a total transaction of $3,429,817.16. Following the completion of the transaction, the chief operating officer now directly owns 119,215 shares of the company’s stock, valued at approximately $10,517,147.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Aaron Anderson sold 17,062 shares of the stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $88.22, for a total value of $1,505,209.64. Following the transaction, the vice president now directly owns 9,921 shares of the company’s stock, valued at $875,230.62. The disclosure for this sale can be found here. Insiders have sold a total of 149,732 shares of company stock valued at $13,044,257 over the last ninety days. 0.20% of the stock is owned by insiders.

Paypal stock opened at $92.40 on Thursday. Paypal Holdings Inc has a twelve month low of $61.58 and a twelve month high of $93.44. The company has a market cap of $108.22 billion, a price-to-earnings ratio of 66.47, a P/E/G ratio of 3.02 and a beta of 1.30.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, July 25th. The credit services provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.17. Paypal had a return on equity of 12.91% and a net margin of 14.02%. The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same period last year, the firm earned $0.46 EPS. The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. equities analysts predict that Paypal Holdings Inc will post 1.72 earnings per share for the current fiscal year.

About Paypal

PayPal Holdings, Inc operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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