Thomas White International Ltd. continued to hold its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,879 shares of the credit services provider’s stock at the close of the second quarter. Thomas White International Ltd.’s holdings in PayPal Holdings were worth $1,604,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Thompson Davis & CO. Inc. boosted its position in shares of PayPal Holdings by 36.7% during the 1st quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock valued at $104,000 after acquiring an additional 649 shares during the last quarter. Stelac Advisory Services LLC acquired a new position in PayPal Holdings in the first quarter valued at about $119,000. Clean Yield Group acquired a new position in PayPal Holdings in the first quarter valued at about $127,000. Archford Capital Strategies LLC lifted its position in PayPal Holdings by 65.4% in the first quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock valued at $139,000 after buying an additional 1,281 shares during the last quarter. Finally, First Personal Financial Services lifted its position in PayPal Holdings by 73.4% in the first quarter. First Personal Financial Services now owns 3,494 shares of the credit services provider’s stock valued at $150,000 after buying an additional 1,479 shares during the last quarter. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have commented on the stock. Vetr raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $55.01 target price on the stock in a research report on Tuesday, July 4th. Oppenheimer Holdings, Inc. upped their target price on shares of PayPal Holdings from $50.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Cowen and Company reaffirmed a “market perform” rating and issued a $52.00 target price (up previously from $48.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $52.00 target price on shares of PayPal Holdings in a research report on Wednesday, July 5th. Finally, Instinet upped their target price on shares of PayPal Holdings from $54.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, June 6th. Eleven research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the stock. PayPal Holdings currently has an average rating of “Buy” and an average price target of $60.78.

In other news, EVP Gary J. Marino sold 1,351 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $54.03, for a total value of $72,994.53. Following the completion of the sale, the executive vice president now directly owns 37,491 shares in the company, valued at approximately $2,025,638.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John J. Donahoe sold 170,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $58.18, for a total value of $9,890,600.00. Following the completion of the sale, the director now owns 124,516 shares of the company’s stock, valued at $7,244,340.88. The disclosure for this sale can be found here. Insiders sold a total of 262,702 shares of company stock valued at $15,375,804 over the last quarter. Company insiders own 6.00% of the company’s stock.

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Shares of PayPal Holdings, Inc. (PYPL) opened at 62.92 on Tuesday. PayPal Holdings, Inc. has a 12-month low of $38.06 and a 12-month high of $63.53. The stock has a 50 day moving average price of $62.48 and a 200 day moving average price of $59.70. The firm has a market capitalization of $75.65 billion, a P/E ratio of 50.74 and a beta of 0.98.

PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share for the quarter, beating the Zacks’ 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 the consensus estimate of $3.09 billion. During the same period in the previous year, the business earned $0.36 EPS. The business’s quarterly revenue was up 18.3% on a year-over-year basis. Equities analysts anticipate that PayPal Holdings, Inc. will post $1.84 earnings per share for the current fiscal year.

PayPal Holdings 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.

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

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