Pendal Group Ltd cut its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 0.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 857,476 shares of the credit services provider’s stock after selling 5,013 shares during the period. Paypal comprises approximately 1.2% of Pendal Group Ltd’s investment portfolio, making the stock its 22nd biggest position. Pendal Group Ltd owned 0.07% of Paypal worth $85,912,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Semmax Financial Advisors Inc. increased its position in shares of Paypal by 630.2% in the first quarter. Semmax Financial Advisors Inc. now owns 314 shares of the credit services provider’s stock valued at $33,000 after acquiring an additional 271 shares during the period. Mcmillion Capital Management Inc. bought a new position in shares of Paypal during the 2nd quarter worth approximately $35,000. AGF Investments LLC lifted its position in shares of Paypal by 55.6% during the 2nd quarter. AGF Investments LLC now owns 308 shares of the credit services provider’s stock worth $35,000 after buying an additional 110 shares in the last quarter. Private Ocean LLC increased its stake in shares of Paypal by 386.7% during the 1st quarter. Private Ocean LLC now owns 365 shares of the credit services provider’s stock worth $38,000 after purchasing an additional 290 shares during the last quarter. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of Paypal during the 1st quarter worth approximately $42,000. Hedge funds and other institutional investors own 80.71% of the company’s stock.

PYPL traded up $3.60 during trading on Tuesday, hitting $106.32. The company’s stock had a trading volume of 684,320 shares, compared to its average volume of 8,188,230. Paypal Holdings Inc has a one year low of $74.66 and a one year high of $121.48. The stock has a market cap of $123.34 billion, a price-to-earnings ratio of 59.31, a PEG ratio of 2.42 and a beta of 0.97. The stock has a 50 day moving average price of $114.39.

Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.12. Paypal had a net margin of 15.36% and a return on equity of 17.14%. The business had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period last year, the firm earned $0.58 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, analysts forecast that Paypal Holdings Inc will post 2.41 earnings per share for the current year.

PYPL has been the subject of several research analyst reports. Morgan Stanley raised their price target on shares of Paypal from $114.00 to $129.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Oppenheimer upped their price objective on shares of Paypal from $116.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Cantor Fitzgerald restated a “buy” rating on shares of Paypal in a report on Wednesday, May 1st. BTIG Research set a $130.00 price objective on shares of Paypal and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, Canaccord Genuity upped their price objective on shares of Paypal from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Eight analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. Paypal currently has a consensus rating of “Buy” and an average price target of $120.81.

In other news, CEO Daniel H. Schulman sold 30,000 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $107.09, for a total value of $3,212,700.00. Following the completion of the sale, the chief executive officer now directly owns 487,074 shares of the company’s stock, valued at $52,160,754.66. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Aaron Karczmer sold 3,110 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $115.71, for a total transaction of $359,858.10. Following the completion of the sale, the executive vice president now directly owns 15,041 shares of the company’s stock, valued at $1,740,394.11. The disclosure for this sale can be found here. Insiders sold 101,840 shares of company stock worth $11,257,532 over the last quarter. Insiders own 0.15% of the company’s stock.

Paypal Profile

PayPal Holdings, Inc operates as a technology platform and digital payments 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 iZettle products. The company's Payments Platform allows consumers to send 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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