GAM Holding AG Grows Stake in PayPal Holdings, Inc. (PYPL)

GAM Holding AG grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 14.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 225,782 shares of the credit services provider’s stock after acquiring an additional 28,265 shares during the period. GAM Holding AG’s holdings in PayPal Holdings were worth $12,118,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. grew its position in shares of PayPal Holdings by 36.7% during the 1st 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 bought a new position in shares of PayPal Holdings during the 1st quarter valued at approximately $119,000. Clean Yield Group purchased a new stake in shares of PayPal Holdings during the 1st quarter valued at approximately $127,000. MV Capital Management Inc. lifted its stake in shares of PayPal Holdings by 7.2% during the 2nd quarter. MV Capital Management Inc. now owns 2,963 shares of the credit services provider’s stock valued at $159,000 after buying an additional 199 shares in the last quarter. Finally, Archford Capital Strategies LLC lifted its stake in shares of PayPal Holdings by 65.4% during the 1st quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock valued at $139,000 after buying an additional 1,281 shares in the last quarter. 82.55% of the stock is owned by hedge funds and other institutional investors.

In other PayPal Holdings news, 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 $7,244,340.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $72,994.53. Following the transaction, 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. Insiders have sold 262,702 shares of company stock worth $15,375,804 in the last quarter. Company insiders own 6.00% of the company’s stock.

A number of brokerages recently commented on PYPL. Sanford C. Bernstein restated an “outperform” rating and set a $66.00 price target (up from $61.00) on shares of PayPal Holdings in a research note on Tuesday, September 5th. Vetr upgraded shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 price target on the stock in a research note on Thursday, August 10th. BTIG Research restated a “buy” rating and set a $70.00 price target (up from $63.00) on shares of PayPal Holdings in a research note on Wednesday, September 6th. Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating and set a $72.00 price target (up from $60.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. Finally, Robert W. Baird restated an “outperform” rating and set a $65.00 price target (up from $59.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $59.93.

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Shares of PayPal Holdings, Inc. (PYPL) opened at 61.13 on Monday. PayPal Holdings, Inc. has a one year low of $37.54 and a one year high of $62.23. The company has a market cap of $73.50 billion, a price-to-earnings ratio of 49.30 and a beta of 0.98. The firm has a 50-day moving average of $59.80 and a 200-day moving average of $51.15.

PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share 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 business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the previous year, the business posted $0.36 earnings per share. The business’s revenue was up 18.3% compared to the same quarter last year. Equities research analysts forecast that PayPal Holdings, Inc. will post $1.83 EPS for the current fiscal year.

About PayPal Holdings

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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