Twin Capital Management Inc. trimmed its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 59,210 shares of the credit services provider’s stock after selling 270 shares during the period. Twin Capital Management Inc.’s holdings in PayPal Holdings were worth $3,178,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of PYPL. Acadian Asset Management LLC grew its position in PayPal Holdings by 61.6% in the 1st quarter. Acadian Asset Management LLC now owns 6,432 shares of the credit services provider’s stock worth $277,000 after purchasing an additional 2,453 shares in the last quarter. Linscomb & Williams Inc. grew its position in PayPal Holdings by 4.4% in the 1st quarter. Linscomb & Williams Inc. now owns 16,131 shares of the credit services provider’s stock worth $694,000 after purchasing an additional 675 shares in the last quarter. Grandfield & Dodd LLC grew its position in PayPal Holdings by 3.1% in the 1st quarter. Grandfield & Dodd LLC now owns 306,417 shares of the credit services provider’s stock worth $13,182,000 after purchasing an additional 9,114 shares in the last quarter. Weatherly Asset Management L. P. grew its position in PayPal Holdings by 1.1% in the 1st quarter. Weatherly Asset Management L. P. now owns 57,215 shares of the credit services provider’s stock worth $2,461,000 after purchasing an additional 625 shares in the last quarter. Finally, Ariel Capital Advisors LLC grew its position in PayPal Holdings by 7.5% in the 1st quarter. Ariel Capital Advisors LLC now owns 65,517 shares of the credit services provider’s stock worth $2,819,000 after purchasing an additional 4,561 shares in the last quarter. 82.55% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “PayPal Holdings, Inc. (PYPL) Holdings Cut by Twin Capital Management Inc.” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/11/paypal-holdings-inc-pypl-holdings-cut-by-twin-capital-management-inc.html.

PayPal Holdings, Inc. (NASDAQ:PYPL) opened at 61.13 on Monday. The company’s 50 day moving average is $59.80 and its 200 day moving average is $51.15. PayPal Holdings, Inc. has a 12-month low of $37.54 and a 12-month high of $62.23. The company has a market cap of $73.50 billion, a price-to-earnings ratio of 49.30 and a beta of 0.98.

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 Zacks’ consensus estimate of $0.43 by $0.03. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. PayPal Holdings’s revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.36 earnings per share. Analysts forecast that PayPal Holdings, Inc. will post $1.83 earnings per share for the current fiscal year.

In related news, COO William J. Ready sold 90,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the sale, the chief operating officer now owns 29,252 shares of the company’s stock, valued at $1,733,181. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John J. Donahoe sold 170,000 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $58.18, for a total transaction of $9,890,600.00. Following the sale, the director now directly owns 124,516 shares in the company, valued at approximately $7,244,340.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 262,702 shares of company stock worth $15,375,804. 6.00% of the stock is owned by insiders.

A number of equities research analysts have issued reports on the stock. Stephens reaffirmed an “overweight” rating and issued a $59.00 price objective (up from $51.00) on shares of PayPal Holdings in a research report on Monday, June 19th. Vetr raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $51.23 price objective for the company in a research report on Wednesday, May 17th. Citigroup Inc. reaffirmed a “buy” rating and issued a $62.00 price objective (up from $52.00) on shares of PayPal Holdings in a research report on Friday, June 9th. Instinet reaffirmed a “buy” rating and issued a $54.00 price objective on shares of PayPal Holdings in a research report on Friday, May 19th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $49.00 target price (up from $44.00) on shares of PayPal Holdings in a research report on Friday, May 19th. One research 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’s stock. PayPal Holdings presently has a consensus rating of “Buy” and an average price target of $59.93.

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.

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 Holdings (NASDAQ:PYPL)

Receive News & Stock Ratings for PayPal Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal Holdings Inc. and related stocks with our FREE daily email newsletter.