Sullivan Bruyette Speros & Blaney LLC Purchases New Position in PayPal Holdings, Inc. (PYPL)

Sullivan Bruyette Speros & Blaney LLC purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,880 shares of the credit services provider’s stock, valued at approximately $208,000.

Several other institutional investors and hedge funds have also modified their holdings of PYPL. Vanguard Group Inc. grew its position in PayPal Holdings by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 75,643,714 shares of the credit services provider’s stock worth $3,254,192,000 after acquiring an additional 2,549,683 shares during the last quarter. FMR LLC grew its position in PayPal Holdings by 28.2% during the 1st quarter. FMR LLC now owns 60,453,931 shares of the credit services provider’s stock worth $2,600,728,000 after acquiring an additional 13,296,056 shares during the last quarter. BlackRock Inc. grew its position in PayPal Holdings by 2,792.8% during the 1st quarter. BlackRock Inc. now owns 60,103,922 shares of the credit services provider’s stock worth $2,585,670,000 after acquiring an additional 58,026,239 shares during the last quarter. Edgewood Management LLC grew its position in PayPal Holdings by 3.7% during the 1st quarter. Edgewood Management LLC now owns 18,568,508 shares of the credit services provider’s stock worth $798,817,000 after acquiring an additional 663,087 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in PayPal Holdings by 15.4% during the 1st quarter. Wellington Management Group LLP now owns 14,813,195 shares of the credit services provider’s stock worth $637,263,000 after acquiring an additional 1,982,305 shares during the last quarter. Institutional investors own 82.55% of the company’s stock.

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In other news, EVP Gary J. Marino sold 1,351 shares of PayPal Holdings stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $59.00, for a total transaction of $79,709.00. Following the completion of the transaction, the executive vice president now directly owns 37,492 shares in the company, valued at $2,212,028. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO William J. Ready sold 90,000 shares of PayPal Holdings stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 29,252 shares of the company’s stock, valued at $1,733,181. The disclosure for this sale can be found here. Insiders have sold 262,702 shares of company stock valued at $15,375,804 over the last quarter. Company insiders own 6.00% of the company’s stock.

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) opened at 62.50 on Friday. PayPal Holdings, Inc. has a one year low of $38.06 and a one year high of $63.26. The company has a market capitalization of $75.15 billion, a price-to-earnings ratio of 50.40 and a beta of 0.98. The firm’s 50-day moving average price is $62.40 and its 200-day moving average price is $53.58.

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, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same period last year, the business earned $0.36 earnings per share. The business’s revenue was up 18.3% on a year-over-year basis. Analysts anticipate that PayPal Holdings, Inc. will post $1.84 earnings per share for the current year.

A number of brokerages recently weighed in on PYPL. Stephens restated an “overweight” rating and set a $59.00 price objective (up previously from $51.00) on shares of PayPal Holdings in a research report on Monday, June 19th. Citigroup Inc. restated a “buy” rating and set a $62.00 price objective (up previously from $52.00) on shares of PayPal Holdings in a research report on Friday, June 9th. Vetr upgraded PayPal Holdings from a “hold” rating to a “buy” rating and set a $54.78 price objective on the stock in a research report on Wednesday, June 21st. KeyCorp upgraded PayPal Holdings to a “buy” rating and set a $60.00 price objective on the stock in a research report on Wednesday, June 21st. Finally, Mizuho restated a “neutral” rating and set a $48.00 price objective on shares of PayPal Holdings in a research report on Wednesday, June 28th. Eleven equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $60.54.

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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