Dana Investment Advisors Inc. Acquires New Position in PayPal Holdings, Inc. (PYPL)

Dana Investment Advisors Inc. acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 123,021 shares of the credit services provider’s stock, valued at approximately $6,603,000.

A number of other institutional investors have also recently modified their holdings of PYPL. Stelac Advisory Services LLC bought a new stake in PayPal Holdings during the first quarter worth about $119,000. Archford Capital Strategies LLC grew its stake in 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 worth $139,000 after buying an additional 1,281 shares during the last quarter. Balentine LLC grew its stake in PayPal Holdings by 28.7% during the first quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock worth $150,000 after buying an additional 780 shares during the last quarter. Harvest Fund Management Co. Ltd grew its stake in 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 worth $154,000 after buying an additional 1,808 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its stake in PayPal Holdings by 5.6% during the first quarter. SRS Capital Advisors Inc. now owns 3,611 shares of the credit services provider’s stock worth $155,000 after buying an additional 190 shares during the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

In related news, COO William J. Ready sold 90,000 shares of the business’s stock in a transaction 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 in the company, valued at approximately $1,733,181. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John J. Donahoe sold 170,000 shares of the business’s stock in a transaction 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 transaction, 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 a total of 261,351 shares of company stock worth $15,302,809 in the last quarter. 6.00% of the stock is owned by corporate insiders.

Several analysts have weighed in on the stock. Vetr raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $55.01 price objective on the stock in a research note on Tuesday, July 4th. Oppenheimer Holdings, Inc. upped their price objective on shares of PayPal Holdings from $50.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Cowen and Company reaffirmed a “market perform” rating and set a $52.00 price objective (up from $48.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $52.00 price objective on shares of PayPal Holdings in a research note on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $70.00 target price on shares of PayPal Holdings in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. PayPal Holdings presently has an average rating of “Buy” and an average price target of $63.59.

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 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 company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the previous year, the company earned $0.36 EPS. PayPal Holdings’s quarterly revenue was up 18.3% compared to the same quarter last year.

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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.

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

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