Executive Wealth Management LLC boosted its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 4.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 25,022 shares of the credit services provider’s stock after buying an additional 964 shares during the period. Executive Wealth Management LLC’s holdings in Paypal were worth $2,864,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Semmax Financial Advisors Inc. raised its holdings in shares of Paypal by 630.2% in the first quarter. Semmax Financial Advisors Inc. now owns 314 shares of the credit services provider’s stock valued at $33,000 after purchasing an additional 271 shares during the last quarter. Mcmillion Capital Management Inc. acquired a new stake in shares of Paypal in the second quarter valued at approximately $35,000. AGF Investments LLC raised its holdings in shares of Paypal by 55.6% in the second quarter. AGF Investments LLC now owns 308 shares of the credit services provider’s stock valued at $35,000 after purchasing an additional 110 shares during the last quarter. Private Ocean LLC raised its holdings in shares of Paypal by 386.7% in the first quarter. Private Ocean LLC now owns 365 shares of the credit services provider’s stock valued at $38,000 after purchasing an additional 290 shares during the last quarter. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of Paypal in the first quarter valued at approximately $42,000. Hedge funds and other institutional investors own 80.71% of the company’s stock.

NASDAQ:PYPL opened at $106.04 on Wednesday. Paypal Holdings Inc has a 1-year low of $74.66 and a 1-year high of $121.48. The firm has a fifty day moving average price of $114.18. The company has a market capitalization of $123.34 billion, a PE ratio of 59.24, a PEG ratio of 2.42 and a beta of 0.97.

Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.12. Paypal had a net margin of 15.36% and a return on equity of 17.14%. The business had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same period last year, the business earned $0.58 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. Analysts anticipate that Paypal Holdings Inc will post 2.41 EPS for the current fiscal year.

In other Paypal news, EVP Aaron Karczmer sold 3,110 shares of Paypal stock in a transaction on Friday, July 26th. The shares were sold at an average price of $115.71, for a total transaction of $359,858.10. Following the completion of the transaction, the executive vice president now directly owns 15,041 shares of the company’s stock, valued at $1,740,394.11. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $111.09, for a total transaction of $3,332,700.00. Following the transaction, the insider now directly owns 523,821 shares of the company’s stock, valued at $58,191,274.89. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 101,840 shares of company stock valued at $11,257,532. Company insiders own 0.15% of the company’s stock.

A number of analysts have recently issued reports on PYPL shares. JPMorgan Chase & Co. lifted their price objective on shares of Paypal from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, June 14th. Deutsche Bank lifted their price objective on shares of Paypal from $120.00 to $127.00 and gave the company a “positive” rating in a report on Tuesday, July 16th. Cantor Fitzgerald reiterated a “buy” rating on shares of Paypal in a report on Wednesday, May 1st. Wells Fargo & Co lifted their price objective on shares of Paypal from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Wedbush lifted their price objective on shares of Paypal from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Paypal presently has a consensus rating of “Buy” and a consensus target price of $120.81.

Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform and digital payments 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 iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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