Orion Portfolio Solutions LLC increased its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 6.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,371 shares of the credit services provider’s stock after purchasing an additional 246 shares during the period. Orion Portfolio Solutions LLC’s holdings in Paypal were worth $762,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Delaney Dennis R boosted its holdings in Paypal by 0.7% in the second quarter. Delaney Dennis R now owns 10,062 shares of the credit services provider’s stock worth $1,752,000 after purchasing an additional 68 shares in the last quarter. Acropolis Investment Management LLC boosted its holdings in Paypal by 4.5% in the second quarter. Acropolis Investment Management LLC now owns 1,636 shares of the credit services provider’s stock worth $285,000 after purchasing an additional 70 shares in the last quarter. Princeton Global Asset Management LLC boosted its holdings in Paypal by 6.4% during the second quarter. Princeton Global Asset Management LLC now owns 1,157 shares of the credit services provider’s stock valued at $201,000 after acquiring an additional 70 shares during the period. NewSquare Capital LLC boosted its holdings in Paypal by 7.1% during the first quarter. NewSquare Capital LLC now owns 1,067 shares of the credit services provider’s stock valued at $102,000 after acquiring an additional 71 shares during the period. Finally, Bell & Brown Wealth Advisors LLC boosted its holdings in Paypal by 0.3% during the first quarter. Bell & Brown Wealth Advisors LLC now owns 22,577 shares of the credit services provider’s stock valued at $3,275,000 after acquiring an additional 76 shares during the period. Hedge funds and other institutional investors own 83.43% of the company’s stock.

In other news, CEO Daniel H. Schulman sold 25,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $196.89, for a total transaction of $4,922,250.00. Following the sale, the chief executive officer now directly owns 516,403 shares of the company’s stock, valued at $101,674,586.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David M. Moffett sold 5,028 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $206.81, for a total transaction of $1,039,840.68. Following the sale, the director now directly owns 71,470 shares in the company, valued at $14,780,710.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 89,409 shares of company stock valued at $17,582,995. Company insiders own 0.12% of the company’s stock.

Shares of NASDAQ PYPL traded down $1.98 during mid-day trading on Wednesday, hitting $184.04. 165,737 shares of the stock were exchanged, compared to its average volume of 8,790,581. The company has a market cap of $218.26 billion, a P/E ratio of 85.33, a PEG ratio of 3.11 and a beta of 1.14. The stock’s fifty day simple moving average is $194.74 and its two-hundred day simple moving average is $150.67. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.38. Paypal Holdings Inc has a twelve month low of $82.07 and a twelve month high of $212.45.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, July 29th. The credit services provider reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.46. The company had revenue of $5.26 billion during the quarter, compared to analyst estimates of $4.99 billion. Paypal had a net margin of 13.44% and a return on equity of 16.17%. The company’s revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the business posted $0.86 earnings per share. As a group, equities research analysts predict that Paypal Holdings Inc will post 2.75 earnings per share for the current fiscal year.

A number of research firms have issued reports on PYPL. BofA Securities upped their price target on shares of Paypal from $194.00 to $215.00 and gave the company a “buy” rating in a report on Monday, July 13th. Moffett Nathanson restated a “buy” rating and set a $170.00 price target on shares of Paypal in a report on Thursday, May 28th. Goldman Sachs Group upped their price target on shares of Paypal from $170.00 to $205.00 and gave the company a “conviction-buy” rating in a report on Monday, July 20th. Berenberg Bank restated a “buy” rating and set a $205.00 price target on shares of Paypal in a report on Thursday, June 25th. Finally, Barclays upped their price target on shares of Paypal from $210.00 to $228.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Eight research analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $195.63.

About Paypal

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.

Featured Article: What is a Futures Contract?

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 (NASDAQ:PYPL)

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