Oppenheimer Asset Management Inc. decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,730 shares of the credit services provider’s stock after selling 10,476 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in PayPal Holdings were worth $8,895,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of PYPL. Thompson Davis & CO. Inc. lifted its holdings 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 in the last quarter. Stelac Advisory Services LLC acquired a new position in shares of PayPal Holdings during the 1st quarter valued at $119,000. Clean Yield Group acquired a new position in shares of PayPal Holdings during the 1st quarter valued at $127,000. Archford Capital Strategies LLC lifted its holdings in shares of PayPal Holdings by 65.4% during the 1st quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock valued at $139,000 after acquiring an additional 1,281 shares in the last quarter. Finally, First Personal Financial Services lifted its holdings in shares of PayPal Holdings by 73.4% during the 1st quarter. First Personal Financial Services now owns 3,494 shares of the credit services provider’s stock valued at $150,000 after acquiring an additional 1,479 shares in the last quarter. Institutional investors and hedge funds own 82.46% of the company’s stock.

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In related news, COO William J. Ready sold 90,000 shares of the stock in a transaction dated 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 completion of the sale, the chief operating officer now owns 29,252 shares in the company, valued at approximately $1,733,181. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gary J. Marino sold 1,351 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $54.03, for a total transaction of $72,994.53. Following the sale, the executive vice president now owns 37,491 shares of the company’s stock, valued at approximately $2,025,638.73. The disclosure for this sale can be found here. Insiders have sold a total of 262,702 shares of company stock valued at $15,375,804 in the last quarter. 6.00% of the stock is currently owned by corporate insiders.

PayPal Holdings, Inc. (NASDAQ PYPL) opened at 63.83 on Wednesday. The firm has a market capitalization of $76.75 billion, a price-to-earnings ratio of 51.48 and a beta of 0.98. The firm’s 50-day moving average is $62.68 and its 200-day moving average is $62.68. PayPal Holdings, Inc. has a 1-year low of $38.06 and a 1-year high of $63.92.

PayPal Holdings (NASDAQ:PYPL) last announced its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.09 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the company posted $0.36 EPS. On average, equities analysts anticipate that PayPal Holdings, Inc. will post $1.84 EPS for the current year.

Several equities analysts recently weighed in on the stock. Vetr upgraded shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 target price on the stock in a report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating and set a $72.00 target price (up previously from $60.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Robert W. Baird restated an “outperform” rating and set a $65.00 target price (up previously from $59.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Citigroup Inc. restated a “buy” rating and set a $67.00 target price (up previously from $62.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Finally, Bank of America Corporation restated a “neutral” rating and set a $62.00 target price (up previously from $58.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Eleven equities 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 company. PayPal Holdings presently has a consensus rating of “Buy” and an average target price of $60.78.

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.

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

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