Bristlecone Advisors LLC Takes Position in PayPal Holdings, Inc. (PYPL)

Bristlecone Advisors LLC bought a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 22,918 shares of the credit services provider’s stock, valued at approximately $1,230,000.

Several other hedge funds also recently made changes to their positions in PYPL. Benjamin F. Edwards & Company Inc. raised its stake in shares of PayPal Holdings by 236.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 14,586 shares of the credit services provider’s stock valued at $627,000 after buying an additional 10,250 shares during the period. Comerica Bank raised its position in PayPal Holdings by 2.3% in the first quarter. Comerica Bank now owns 466,588 shares of the credit services provider’s stock worth $21,999,000 after buying an additional 10,270 shares during the last quarter. Clean Yield Group acquired a new position in PayPal Holdings during the first quarter worth $127,000. Checchi Capital Advisers LLC raised its position in PayPal Holdings by 8.6% in the first quarter. Checchi Capital Advisers LLC now owns 12,907 shares of the credit services provider’s stock worth $555,000 after buying an additional 1,025 shares during the last quarter. Finally, Good Life Advisors LLC acquired a new position in PayPal Holdings during the first quarter worth $248,000. Institutional investors and hedge funds own 81.54% of the company’s stock.

PayPal Holdings, Inc. (NASDAQ PYPL) opened at 59.29 on Friday. PayPal Holdings, Inc. has a 12-month low of $36.30 and a 12-month high of $61.30. The firm has a market cap of $71.29 billion, a PE ratio of 47.81 and a beta of 0.99. The firm’s 50-day moving average is $57.67 and its 200 day moving average is $48.99. PayPal Holdings also saw some unusual options trading activity on Wednesday. Traders purchased 3,225 call options on the company. This represents an increase of approximately 657% compared to the typical daily volume of 426 call options.

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

PayPal Holdings announced that its board has initiated a share repurchase plan on Wednesday, April 26th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the credit services provider to reacquire up to 9.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

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PYPL has been the topic of a number of recent research reports. TheStreet upgraded shares of PayPal Holdings from a “c” rating to a “b-” rating in a research report on Monday, July 3rd. BTIG Research boosted their price target on shares of PayPal Holdings from $48.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Jefferies Group LLC restated a “buy” rating and set a $52.00 price target on shares of PayPal Holdings in a research report on Friday, April 28th. Stifel Nicolaus restated a “buy” rating and set a $49.00 price target on shares of PayPal Holdings in a research report on Sunday, April 23rd. Finally, Monness Crespi & Hardt boosted their price target on shares of PayPal Holdings from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, April 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $59.49.

In other news, 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 sale, the chief operating officer now owns 29,252 shares in the company, valued at $1,733,181. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John J. Donahoe sold 170,000 shares of PayPal Holdings stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $58.18, for a total transaction of $9,890,600.00. Following the sale, the director now owns 124,516 shares in the company, valued at approximately $7,244,340.88. The disclosure for this sale can be found here. Insiders have sold 265,852 shares of company stock worth $15,543,798 in the last quarter. Insiders own 6.00% of the company’s stock.

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.

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

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