Teachers Advisors LLC grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,966,577 shares of the credit services provider’s stock after acquiring an additional 74,421 shares during the quarter. Teachers Advisors LLC owned about 0.25% of PayPal Holdings worth $159,216,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Jasper Ridge Partners L.P. increased its holdings in PayPal Holdings by 4.7% in the 2nd quarter. Jasper Ridge Partners L.P. now owns 152,264 shares of the credit services provider’s stock worth $8,172,000 after buying an additional 6,857 shares during the period. Riverhead Capital Management LLC increased its holdings in PayPal Holdings by 160.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 37,755 shares of the credit services provider’s stock worth $2,026,000 after buying an additional 23,263 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in PayPal Holdings by 7.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,763 shares of the credit services provider’s stock worth $1,920,000 after buying an additional 2,598 shares during the period. Dai Ichi Life Insurance Company Ltd increased its holdings in PayPal Holdings by 132.8% in the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 240,071 shares of the credit services provider’s stock worth $12,885,000 after buying an additional 136,939 shares during the period. Finally, Marcus Capital LLC increased its holdings in PayPal Holdings by 5.0% in the 2nd quarter. Marcus Capital LLC now owns 56,100 shares of the credit services provider’s stock worth $3,011,000 after buying an additional 2,650 shares during the period. Hedge funds and other institutional investors own 82.46% of the company’s stock.

In other news, EVP Gary J. Marino sold 1,351 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 37,491 shares in the company, valued at $2,025,638.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $9,890,600.00. Following the completion of the sale, the director now owns 124,516 shares in the company, valued at $7,244,340.88. The disclosure for this sale can be found here. Insiders sold 262,702 shares of company stock worth $15,375,804 over the last 90 days. Company insiders own 6.00% of the company’s stock.

PYPL has been the topic of several research reports. Sanford C. Bernstein upgraded shares of PayPal Holdings from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $46.00 to $61.00 in a report on Monday, July 10th. Stephens reiterated an “overweight” rating and issued a $59.00 price target (up previously from $51.00) on shares of PayPal Holdings in a report on Monday, June 19th. Loop Capital reiterated a “hold” rating and issued a $49.00 price target on shares of PayPal Holdings in a report on Wednesday, July 12th. Barclays PLC increased their price target on shares of PayPal Holdings from $63.00 to $66.00 and gave the stock an “overweight” rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $65.00 price target on shares of PayPal Holdings in a report on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $60.78.

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) opened at 63.33 on Thursday. PayPal Holdings, Inc. has a 52 week low of $38.06 and a 52 week high of $65.24. The firm has a 50 day moving average price of $62.68 and a 200-day moving average price of $62.68. The firm has a market capitalization of $76.15 billion, a P/E ratio of 51.07 and a beta of 0.98. PayPal Holdings also was the target of some unusual options trading on Monday. Stock investors purchased 32,464 put options on the stock. This represents an increase of 589% compared to the average volume of 4,712 put options.

PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the prior year, the business earned $0.36 earnings per share. The business’s revenue was up 18.3% on a year-over-year basis. Equities research analysts predict that PayPal Holdings, Inc. will post $1.83 EPS for the current fiscal year.

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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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