Global X Management Co. LLC increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 74.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,629 shares of the credit services provider’s stock after buying an additional 9,208 shares during the period. Global X Management Co. LLC’s holdings in PayPal Holdings were worth $1,161,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in PYPL. Soros Fund Management LLC increased its stake in shares of PayPal Holdings by 1.0% in the first quarter. Soros Fund Management LLC now owns 815,613 shares of the credit services provider’s stock valued at $35,088,000 after buying an additional 8,200 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of PayPal Holdings by 236.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 14,586 shares of the credit services provider’s stock valued at $627,000 after buying an additional 10,250 shares during the period. Comerica Bank increased its stake in shares of PayPal Holdings by 2.3% in the first quarter. Comerica Bank now owns 466,588 shares of the credit services provider’s stock valued at $21,999,000 after buying an additional 10,270 shares during the period. Clean Yield Group bought a new stake in shares of PayPal Holdings during the first quarter valued at approximately $127,000. Finally, Checchi Capital Advisers LLC increased its stake in shares of PayPal Holdings by 8.6% in the first quarter. Checchi Capital Advisers LLC now owns 12,907 shares of the credit services provider’s stock valued at $555,000 after buying an additional 1,025 shares during the period. Hedge funds and other institutional investors own 82.55% of the company’s stock.

Shares of PayPal Holdings, Inc. (PYPL) opened at 61.01 on Wednesday. The stock’s 50 day moving average price is $58.61 and its 200-day moving average price is $49.86. PayPal Holdings, Inc. has a 12-month low of $36.30 and a 12-month high of $61.30. The firm has a market cap of $73.36 billion, a P/E ratio of 49.20 and a beta of 0.99.

PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. PayPal Holdings’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, analysts predict that PayPal Holdings, Inc. will post $1.83 earnings per share for the current fiscal year.

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PYPL has been the topic of several research analyst reports. BidaskClub upgraded shares of PayPal Holdings from a “buy” rating to a “strong-buy” rating in a 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 report on Thursday, July 27th. Vetr downgraded shares of PayPal Holdings from a “buy” rating to a “hold” rating and set a $51.23 target price on the stock. in a report on Wednesday, May 10th. Monness Crespi & Hardt raised their target price on shares of PayPal Holdings from $70.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. 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 report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $59.80.

In other news, Director John J. Donahoe sold 170,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $58.18, for a total value of $9,890,600.00. Following the completion of the transaction, the director now owns 124,516 shares of the company’s stock, valued at $7,244,340.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Gary J. Marino sold 1,350 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $52.48, for a total value of $70,848.00. Following the completion of the transaction, the executive vice president now directly owns 37,491 shares of the company’s stock, valued at approximately $1,967,527.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 265,852 shares of company stock valued at $15,543,798. Corporate insiders own 6.00% of the company’s stock.

PayPal Holdings Company Profile

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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