IFM Investors Pty Ltd increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 124.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,086 shares of the credit services provider’s stock after buying an additional 17,237 shares during the quarter. IFM Investors Pty Ltd’s holdings in PayPal Holdings were worth $1,668,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bangor Savings Bank boosted its holdings in PayPal Holdings by 0.3% in the 1st quarter. Bangor Savings Bank now owns 12,480 shares of the credit services provider’s stock valued at $537,000 after purchasing an additional 34 shares in the last quarter. Guardian Life Insurance Co. of America boosted its holdings in PayPal Holdings by 0.9% in the 1st quarter. Guardian Life Insurance Co. of America now owns 4,338 shares of the credit services provider’s stock valued at $187,000 after purchasing an additional 38 shares in the last quarter. Apriem Advisors boosted its holdings in PayPal Holdings by 0.6% in the 2nd quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock valued at $451,000 after purchasing an additional 52 shares in the last quarter. Sigma Planning Corp boosted its holdings in PayPal Holdings by 0.4% in the 2nd quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock valued at $903,000 after purchasing an additional 74 shares in the last quarter. Finally, Train Babcock Advisors LLC boosted its holdings in PayPal Holdings by 1.6% in the 2nd quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock valued at $292,000 after purchasing an additional 86 shares in the last quarter. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have weighed in on PYPL shares. TheStreet raised PayPal Holdings from a “c” rating to a “b-” rating in a report on Monday, July 3rd. BTIG Research lifted their price objective on PayPal Holdings from $53.00 to $63.00 and gave the company a “buy” rating in a report on Monday, June 26th. KeyCorp raised PayPal Holdings to a “buy” rating and set a $60.00 price objective on the stock in a report on Wednesday, June 21st. Vetr raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $54.78 price objective on the stock in a report on Wednesday, June 21st. Finally, BidaskClub lowered PayPal Holdings from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Eleven 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. The company currently has an average rating of “Buy” and a consensus price target of $60.78.

In other PayPal Holdings news, EVP Gary J. Marino sold 1,351 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $59.00, for a total value of $79,709.00. Following the completion of the sale, the executive vice president now owns 37,492 shares in the company, valued at approximately $2,212,028. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John J. Donahoe sold 170,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $58.18, for a total transaction 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 approximately $7,244,340.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 262,702 shares of company stock valued at $15,375,804. Insiders own 6.00% of the company’s stock.

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Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) opened at 65.08 on Friday. PayPal Holdings, Inc. has a 52 week low of $38.06 and a 52 week high of $65.24. The stock has a market capitalization of $78.25 billion, a PE ratio of 52.48 and a beta of 0.98. The stock’s 50 day moving average is $62.68 and its 200 day moving average is $62.68.

PayPal Holdings (NASDAQ:PYPL) last released 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. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the firm earned $0.36 EPS. The company’s revenue was up 18.3% compared to the same quarter last year. Analysts anticipate that PayPal Holdings, Inc. will post $1.83 EPS for the current fiscal year.

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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