Stifel Financial Corp Reduces Position in PayPal Holdings, Inc. (PYPL)

Stifel Financial Corp reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,026,375 shares of the credit services provider’s stock after selling 11,477 shares during the quarter. Stifel Financial Corp owned 0.17% of PayPal Holdings worth $108,748,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. raised its holdings in shares of PayPal Holdings by 36.7% during the first quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock valued at $104,000 after acquiring an additional 649 shares during the period. Stelac Advisory Services LLC acquired a new stake in shares of PayPal Holdings during the first quarter valued at approximately $119,000. Harvest Fund Management Co. Ltd raised its holdings in shares of PayPal Holdings by 171.4% during the second quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock valued at $154,000 after acquiring an additional 1,808 shares during the period. MV Capital Management Inc. raised its holdings in shares of PayPal Holdings by 7.2% during the second quarter. MV Capital Management Inc. now owns 2,963 shares of the credit services provider’s stock valued at $159,000 after acquiring an additional 199 shares during the period. Finally, Archford Capital Strategies LLC raised its holdings in shares of PayPal Holdings by 65.4% during the first quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock valued at $139,000 after acquiring an additional 1,281 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

In other PayPal Holdings news, EVP Gary J. Marino sold 1,351 shares of PayPal Holdings stock in a transaction 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 of the company’s stock, valued at $2,212,028. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO William J. Ready sold 90,000 shares of PayPal Holdings stock in a transaction on Monday, July 31st. The stock was 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 directly owns 29,252 shares of the company’s stock, valued at $1,733,181. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 261,351 shares of company stock valued at $15,302,809. Company insiders own 6.00% of the company’s stock.

Shares of PayPal Holdings, Inc. (NASDAQ PYPL) opened at 66.05 on Friday. The firm has a 50-day moving average of $63.63 and a 200-day moving average of $63.63. PayPal Holdings, Inc. has a one year low of $38.06 and a one year high of $66.41. The company has a market capitalization of $79.42 billion, a P/E ratio of 53.27 and a beta of 0.98.

PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, topping the Zacks’ 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 analysts’ expectations of $3.09 billion. During the same period in the previous year, the business posted $0.36 earnings per share. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. Equities research analysts expect that PayPal Holdings, Inc. will post $1.84 EPS for the current fiscal year.

PYPL has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of PayPal Holdings from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Robert W. Baird restated an “outperform” rating and set a $65.00 price target (up previously from $59.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Credit Suisse Group restated an “outperform” rating on shares of PayPal Holdings in a report on Tuesday, September 5th. Bank of America Corporation restated a “buy” rating and set a $78.00 price target (up previously from $71.00) on shares of PayPal Holdings in a report on Friday. Finally, Royal Bank Of Canada restated a “buy” rating and set a $65.00 price target on shares of PayPal Holdings in a report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. PayPal Holdings presently has an average rating of “Buy” and an average target price of $62.83.

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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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