Pictet North America Advisors SA Buys 22,500 Shares of PayPal Holdings, Inc. (PYPL)

Pictet North America Advisors SA boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 70.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,519 shares of the credit services provider’s stock after purchasing an additional 22,500 shares during the period. Pictet North America Advisors SA’s holdings in PayPal Holdings were worth $2,926,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PYPL. Bangor Savings Bank boosted its position 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 buying an additional 34 shares during the last quarter. Guardian Life Insurance Co. of America boosted its position 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 buying an additional 38 shares during the last quarter. Apriem Advisors boosted its position 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 buying an additional 52 shares during the last quarter. Sigma Planning Corp boosted its position 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 buying an additional 74 shares during the last quarter. Finally, Train Babcock Advisors LLC boosted its position 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 buying an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 82.46% of the company’s stock.

In related news, COO William J. Ready sold 90,000 shares of the business’s 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 completion of the sale, the chief operating officer now directly owns 29,252 shares of the company’s stock, valued at $1,733,181. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John J. Donahoe sold 170,000 shares of the business’s 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 sale, the director now directly owns 124,516 shares of the company’s stock, valued at $7,244,340.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 262,702 shares of company stock valued at $15,375,804. 6.00% of the stock is currently owned by insiders.

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Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) opened at 64.74 on Thursday. The company’s 50-day moving average is $62.68 and its 200-day moving average is $62.68. PayPal Holdings, Inc. has a one year low of $38.06 and a one year high of $64.87. The company has a market capitalization of $77.84 billion, a PE ratio of 52.21 and a beta of 0.98.

PayPal Holdings (NASDAQ:PYPL) last announced its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The company’s revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.36 earnings per share. Equities analysts predict that PayPal Holdings, Inc. will post $1.83 earnings per share for the current year.

A number of equities analysts have weighed in on PYPL shares. TheStreet raised shares of PayPal Holdings from a “c” rating to a “b-” rating in a research report on Monday, July 3rd. Vetr raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $54.78 price objective for the company in a research report on Wednesday, June 21st. KeyCorp raised shares of PayPal Holdings to a “buy” rating and set a $60.00 price objective for the company in a research report on Wednesday, June 21st. Citigroup Inc. reissued a “buy” rating and issued a $62.00 price objective (up from $52.00) on shares of PayPal Holdings in a research report on Friday, June 9th. Finally, BidaskClub cut shares of PayPal Holdings from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Eleven investment 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 stock. PayPal Holdings presently has a consensus rating of “Buy” and an average price target of $60.78.

PayPal Holdings 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.

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Institutional Ownership by Quarter for PayPal Holdings (NASDAQ:PYPL)

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