PayPal Holdings, Inc. (PYPL) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 100.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,080,639 shares of the credit services provider’s stock after purchasing an additional 4,054,993 shares during the quarter. American Century Companies Inc. owned approximately 0.67% of PayPal Holdings worth $433,688,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Sitrin Capital Management LLC grew its position in shares of PayPal Holdings by 1.9% in the second quarter. Sitrin Capital Management LLC now owns 102,019 shares of the credit services provider’s stock valued at $5,475,000 after purchasing an additional 1,913 shares during the period. Thompson Investment Management Inc. grew its position in shares of PayPal Holdings by 11.8% in the second quarter. Thompson Investment Management Inc. now owns 90,390 shares of the credit services provider’s stock valued at $4,852,000 after purchasing an additional 9,523 shares during the period. Aviva PLC grew its position in shares of PayPal Holdings by 4.8% in the second quarter. Aviva PLC now owns 935,079 shares of the credit services provider’s stock valued at $50,195,000 after purchasing an additional 42,886 shares during the period. Victory Capital Management Inc. grew its position in shares of PayPal Holdings by 41.0% in the second quarter. Victory Capital Management Inc. now owns 588,393 shares of the credit services provider’s stock valued at $31,579,000 after purchasing an additional 171,121 shares during the period. Finally, First National Trust Co. grew its position in shares of PayPal Holdings by 8.8% in the second quarter. First National Trust Co. now owns 21,599 shares of the credit services provider’s stock valued at $1,160,000 after purchasing an additional 1,746 shares during the period. Institutional investors and hedge funds own 82.55% of the company’s stock.

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PayPal Holdings, Inc. (NASDAQ PYPL) opened at 62.56 on Wednesday. The stock has a 50 day moving average of $62.64 and a 200 day moving average of $45.51. PayPal Holdings, Inc. has a one year low of $38.06 and a one year high of $63.26. The firm has a market cap of $75.22 billion, a PE ratio of 50.45 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 analysts’ consensus estimates of $0.43 by $0.03. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The firm’s revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.36 earnings per share. On average, equities analysts forecast that PayPal Holdings, Inc. will post $1.83 earnings per share for the current year.

In other PayPal Holdings news, EVP Gary J. Marino sold 1,351 shares of PayPal Holdings 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 transaction, the executive vice president now owns 37,491 shares of the company’s stock, valued at $2,025,638.73. The transaction was disclosed in a filing with the SEC, which is accessible through 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 completion of the transaction, the chief operating officer now directly owns 29,252 shares of the company’s stock, valued at approximately $1,733,181. The disclosure for this sale can be found here. In the last ninety days, insiders sold 262,702 shares of company stock valued at $15,375,804. 6.00% of the stock is currently owned by corporate insiders.

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

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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