PayPal Holdings, Inc. (PYPL) Stake Decreased by Orbis Allan Gray Ltd

Orbis Allan Gray Ltd lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,722,568 shares of the credit services provider’s stock after selling 333,621 shares during the quarter. PayPal Holdings comprises about 1.9% of Orbis Allan Gray Ltd’s holdings, making the stock its 19th biggest holding. Orbis Allan Gray Ltd owned 0.48% of PayPal Holdings worth $307,130,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Thompson Davis & CO. Inc. lifted 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 worth $104,000 after buying an additional 649 shares during the last quarter. Stelac Advisory Services LLC purchased a new stake in shares of PayPal Holdings during the 1st quarter worth approximately $119,000. Archford Capital Strategies LLC lifted its position 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 worth $139,000 after buying an additional 1,281 shares during the last quarter. Balentine LLC lifted its position in shares of PayPal Holdings by 28.7% during the 1st 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. Finally, Harvest Fund Management Co. Ltd lifted its position in shares of PayPal Holdings by 171.4% during the 2nd 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. Institutional investors and hedge funds own 82.47% of the company’s stock.

In other PayPal Holdings news, COO William J. Ready sold 90,000 shares of PayPal Holdings stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $59.25, for a total value 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 approximately $1,733,181. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John J. Donahoe sold 170,000 shares of PayPal Holdings stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $58.18, for a total value of $9,890,600.00. Following the completion of the transaction, the director now directly owns 124,516 shares in the company, valued at $7,244,340.88. The disclosure for this sale can be found here. Insiders sold a total of 261,351 shares of company stock worth $15,302,809 over the last three months. 6.00% of the stock is owned by company insiders.

Shares of PayPal Holdings, Inc. (NASDAQ PYPL) opened at 66.04 on Wednesday. The firm has a 50-day moving average of $63.85 and a 200 day moving average of $63.85. PayPal Holdings, Inc. has a 12 month low of $38.06 and a 12 month high of $66.67. The firm has a market cap of $79.41 billion, a P/E ratio of 53.26 and a beta of 0.98.

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, beating the Zacks’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period last year, the business earned $0.36 EPS. The firm’s revenue was up 18.3% compared to the same quarter last year. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post $1.84 EPS for the current fiscal year.

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A number of equities analysts have recently commented on the stock. Credit Suisse Group reaffirmed an “outperform” rating and issued a $70.00 target price (up from $63.00) on shares of PayPal Holdings in a report on Tuesday. Morgan Stanley raised shares of PayPal Holdings from an “equal weight” rating to an “overweight” rating in a report on Wednesday. Bank of America Corporation reaffirmed a “buy” rating and issued a $78.00 target price (up from $71.00) on shares of PayPal Holdings in a report on Friday, October 6th. Citigroup Inc. lifted their target price on shares of PayPal Holdings to $77.00 and gave the company a “buy” rating in a report on Tuesday, October 3rd. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $77.00 target price (up from $64.00) on shares of PayPal Holdings in a report on Tuesday, October 3rd. One equities research 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 a consensus target price of $63.00.

PayPal Holdings 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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