Investec Asset Management LTD increased its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,326,159 shares of the credit services provider’s stock after purchasing an additional 153,901 shares during the quarter. Paypal accounts for about 2.2% of Investec Asset Management LTD’s investment portfolio, making the stock its 7th largest holding. Investec Asset Management LTD owned about 0.45% of Paypal worth $443,509,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Weatherly Asset Management L. P. lifted its stake in Paypal by 0.8% in the second quarter. Weatherly Asset Management L. P. now owns 87,418 shares of the credit services provider’s stock valued at $7,279,000 after buying an additional 656 shares during the last quarter. Allen Investment Management LLC lifted its stake in Paypal by 41.5% in the second quarter. Allen Investment Management LLC now owns 20,577 shares of the credit services provider’s stock valued at $1,713,000 after buying an additional 6,039 shares during the last quarter. Hemenway Trust Co LLC lifted its stake in Paypal by 171.8% in the second quarter. Hemenway Trust Co LLC now owns 63,920 shares of the credit services provider’s stock valued at $5,323,000 after buying an additional 40,405 shares during the last quarter. Delaney Dennis R lifted its stake in Paypal by 19.5% in the second quarter. Delaney Dennis R now owns 4,790 shares of the credit services provider’s stock valued at $398,000 after buying an additional 780 shares during the last quarter. Finally, XR Securities LLC bought a new stake in Paypal in the second quarter valued at $229,000. Hedge funds and other institutional investors own 79.60% of the company’s stock.

Shares of PYPL opened at $92.09 on Friday. The stock has a market capitalization of $107.25 billion, a P/E ratio of 66.25, a P/E/G ratio of 2.99 and a beta of 1.25. Paypal Holdings Inc has a 1-year low of $59.63 and a 1-year high of $93.01.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, July 25th. The credit services provider reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.17. The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Paypal had a return on equity of 12.91% and a net margin of 14.02%. Paypal’s revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. analysts expect that Paypal Holdings Inc will post 1.72 earnings per share for the current fiscal year.

In other Paypal news, insider Daniel H. Schulman sold 26,000 shares of Paypal stock in a transaction dated Friday, June 29th. The stock was sold at an average price of $83.42, for a total transaction of $2,168,920.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Aaron Anderson sold 17,062 shares of Paypal stock in a transaction dated Friday, July 27th. The shares were sold at an average price of $88.22, for a total value of $1,505,209.64. Following the transaction, the vice president now directly owns 9,921 shares in the company, valued at approximately $875,230.62. The disclosure for this sale can be found here. Insiders sold a total of 123,732 shares of company stock worth $10,641,077 in the last three months. 0.20% of the stock is currently owned by company insiders.

A number of equities research analysts recently weighed in on PYPL shares. Credit Suisse Group lifted their price objective on shares of Paypal from $85.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, May 18th. Craig Hallum set a $93.00 price objective on shares of Paypal and gave the company a “buy” rating in a research note on Friday, May 18th. UBS Group restated a “buy” rating and set a $90.00 price objective on shares of Paypal in a research note on Friday, May 18th. KeyCorp lifted their price objective on shares of Paypal from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, May 22nd. Finally, BidaskClub upgraded shares of Paypal from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 23rd. Seven investment analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Paypal presently has an average rating of “Buy” and an average price target of $89.32.

Paypal Profile

PayPal Holdings, Inc operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

Recommended Story: The Role of a Fiduciary and Individual Investors

Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

Receive News & Ratings for Paypal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal and related companies with MarketBeat.com's FREE daily email newsletter.