Eagle Global Advisors LLC boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 132,905 shares of the credit services provider’s stock after buying an additional 3,380 shares during the period. Eagle Global Advisors LLC’s holdings in PayPal Holdings were worth $7,133,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its stake in PayPal Holdings by 0.3% in the second quarter. Janney Montgomery Scott LLC now owns 300,287 shares of the credit services provider’s stock worth $16,116,000 after buying an additional 854 shares during the period. Schnieders Capital Management LLC boosted its position in PayPal Holdings by 1.5% in the second quarter. Schnieders Capital Management LLC now owns 8,065 shares of the credit services provider’s stock valued at $433,000 after buying an additional 120 shares during the last quarter. Cryder Capital Partners LLP bought a new position in PayPal Holdings during the second quarter valued at approximately $16,658,000. Harbour Capital Advisors LLC boosted its position in PayPal Holdings by 5,266.9% in the second quarter. Harbour Capital Advisors LLC now owns 21,736 shares of the credit services provider’s stock valued at $405,000 after buying an additional 21,331 shares during the last quarter. Finally, IBM Retirement Fund boosted its position in PayPal Holdings by 118.8% in the second quarter. IBM Retirement Fund now owns 27,642 shares of the credit services provider’s stock valued at $1,658,000 after buying an additional 15,011 shares during the last quarter. 81.54% of the stock is currently owned by institutional investors and hedge funds.

PayPal Holdings, Inc. (PYPL) opened at 59.40 on Tuesday. The company’s 50-day moving average is $58.00 and its 200-day moving average is $49.41. PayPal Holdings, Inc. has a 12 month low of $36.30 and a 12 month high of $61.30. The company has a market cap of $71.42 billion, a price-to-earnings ratio of 47.90 and a beta of 0.99.

PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the business earned $0.36 EPS. The firm’s revenue for the quarter 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.

PayPal Holdings declared that its board has authorized a stock repurchase program on Wednesday, April 26th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the credit services provider to reacquire up to 9.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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Several equities analysts have commented on the stock. UBS AG reissued a “neutral” rating and set a $48.00 target price (up previously from $44.00) on shares of PayPal Holdings in a research note on Friday, April 28th. Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating and set a $72.00 target price (up previously from $60.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. Robert W. Baird reissued an “outperform” rating and set a $65.00 target price (up previously from $59.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. Vetr raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 target price on the stock in a research note on Thursday, August 10th. Finally, Citigroup Inc. reissued a “buy” rating and set a $67.00 target price (up previously from $62.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $59.49.

In other PayPal Holdings news, COO William J. Ready sold 90,000 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the transaction, the chief operating officer now owns 29,252 shares in the company, valued at approximately $1,733,181. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gary J. Marino sold 1,350 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $52.48, for a total value of $70,848.00. Following the transaction, the executive vice president now owns 37,491 shares in the company, valued at approximately $1,967,527.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 265,852 shares of company stock worth $15,543,798. 6.00% of the stock is owned by company insiders.

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.

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

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