Flagship Harbor Advisors LLC Buys 552 Shares of PayPal Holdings, Inc. (PYPL)

Flagship Harbor Advisors LLC lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,844 shares of the credit services provider’s stock after acquiring an additional 552 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in PayPal Holdings were worth $696,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Hosking Partners LLP grew its stake in shares of PayPal Holdings by 1.6% during the 2nd quarter. Hosking Partners LLP now owns 1,423,677 shares of the credit services provider’s stock valued at $76,409,000 after acquiring an additional 23,107 shares during the period. Banque Pictet & Cie SA grew its stake in shares of PayPal Holdings by 80.0% during the 2nd quarter. Banque Pictet & Cie SA now owns 69,519 shares of the credit services provider’s stock valued at $3,731,000 after acquiring an additional 30,900 shares during the period. Pictet North America Advisors SA grew its stake in shares of PayPal Holdings by 70.3% during the 2nd quarter. Pictet North America Advisors SA now owns 54,519 shares of the credit services provider’s stock valued at $2,926,000 after acquiring an additional 22,500 shares during the period. State of Tennessee Treasury Department grew its stake in shares of PayPal Holdings by 18.7% during the 2nd quarter. State of Tennessee Treasury Department now owns 364,117 shares of the credit services provider’s stock valued at $19,542,000 after acquiring an additional 57,471 shares during the period. Finally, Commerzbank Aktiengesellschaft FI grew its stake in shares of PayPal Holdings by 1.8% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 810,047 shares of the credit services provider’s stock valued at $43,475,000 after acquiring an additional 14,688 shares during the period. 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 on Monday, July 31st. The stock was sold at an average price of $59.25, for a total value of $5,332,500.00. Following the sale, the chief operating officer now owns 29,252 shares in the company, valued at approximately $1,733,181. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Gary J. Marino sold 1,351 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $54.03, for a total value of $72,994.53. Following the completion of the sale, the executive vice president now owns 37,491 shares in the company, valued at approximately $2,025,638.73. The disclosure for this sale can be found here. In the last ninety days, insiders sold 262,702 shares of company stock worth $15,375,804. Corporate insiders own 6.00% of the company’s stock.

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A number of research analysts recently issued reports on the company. KeyCorp reiterated a “buy” rating and set a $70.00 price objective (up from $66.00) on shares of PayPal Holdings in a research note on Monday. Barclays PLC upped their price target on PayPal Holdings from $66.00 to $69.00 and gave the stock an “overweight” rating in a research note on Friday, September 15th. BTIG Research restated a “buy” rating and issued a $70.00 price target (up from $63.00) on shares of PayPal Holdings in a research note on Wednesday, September 6th. Jefferies Group LLC restated a “buy” rating and issued a $61.27 price target (down from $70.00) on shares of PayPal Holdings in a research note on Wednesday, September 6th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $66.00 price target (up from $61.00) on shares of PayPal Holdings in a research note on Tuesday, September 5th. Eleven research 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. The stock currently has an average rating of “Buy” and a consensus target price of $60.78.

PayPal Holdings, Inc. (NASDAQ:PYPL) opened at 64.74 on Thursday. The stock’s 50 day moving average price is $62.68 and its 200 day moving average price is $62.68. PayPal Holdings, Inc. has a 52 week low of $38.06 and a 52 week high of $64.87. The stock has a market cap of $77.84 billion, a price-to-earnings ratio of 52.21 and a beta of 0.98.

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

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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