FTB Advisors Inc. Buys 672 Shares of PayPal Holdings, Inc. (PYPL)

FTB Advisors Inc. raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 8.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,917 shares of the credit services provider’s stock after acquiring an additional 672 shares during the quarter. FTB Advisors Inc.’s holdings in PayPal Holdings were worth $489,000 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. BlackRock Inc. boosted its position in PayPal Holdings by 2,792.8% during the 1st quarter. BlackRock Inc. now owns 60,103,922 shares of the credit services provider’s stock valued at $2,585,670,000 after acquiring an additional 58,026,239 shares in the last quarter. FMR LLC boosted its position in PayPal Holdings by 36.1% during the 2nd quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock valued at $4,415,371,000 after acquiring an additional 21,814,940 shares in the last quarter. Capital World Investors boosted its position in PayPal Holdings by 313.5% during the 2nd quarter. Capital World Investors now owns 6,151,049 shares of the credit services provider’s stock valued at $330,127,000 after acquiring an additional 4,663,337 shares in the last quarter. Janus Henderson Group PLC boosted its position in PayPal Holdings by 1,064.7% during the 2nd quarter. Janus Henderson Group PLC now owns 4,861,493 shares of the credit services provider’s stock valued at $260,921,000 after acquiring an additional 4,444,097 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in PayPal Holdings by 100.7% during the 2nd quarter. American Century Companies Inc. now owns 8,080,639 shares of the credit services provider’s stock valued at $433,688,000 after acquiring an additional 4,054,993 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on PYPL. Jefferies Group LLC raised their price objective on PayPal Holdings to $80.00 and gave the stock a “buy” rating in a research report on Friday. Credit Suisse Group reissued an “outperform” rating and issued a $70.00 price objective (up previously from $63.00) on shares of PayPal Holdings in a research report on Tuesday. Barclays PLC raised their price objective on PayPal Holdings from $69.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday. Morgan Stanley raised PayPal Holdings from an “equal weight” rating to an “overweight” rating in a research report on Wednesday. Finally, Bank of America Corporation reissued a “buy” rating and issued a $78.00 price objective (up previously from $71.00) on shares of PayPal Holdings in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $63.59.

PayPal Holdings, Inc. (NASDAQ PYPL) opened at 68.86 on Friday. PayPal Holdings, Inc. has a one year low of $38.06 and a one year high of $68.98. The firm has a market capitalization of $82.80 billion, a PE ratio of 55.53 and a beta of 0.98. The stock’s 50 day moving average price is $64.21 and its 200 day moving average price is $64.21.

PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data 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. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same period last year, the company posted $0.36 EPS. The company’s revenue was up 18.3% on a year-over-year basis. Analysts expect that PayPal Holdings, Inc. will post $1.84 EPS for the current year.

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In other news, Director John J. Donahoe sold 170,000 shares of the firm’s 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 completion of the transaction, the director now directly owns 124,516 shares of the company’s stock, valued at approximately $7,244,340.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO William J. Ready sold 90,000 shares of the firm’s stock in a transaction that occurred 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 three months, insiders have sold 261,351 shares of company stock valued at $15,302,809. Corporate 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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