PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Holdings Boosted by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,784 shares of the credit services provider’s stock after purchasing an additional 42 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in PayPal were worth $811,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Permanens Capital L.P. acquired a new stake in PayPal in the first quarter worth about $27,000. Sawyer & Company Inc lifted its holdings in PayPal by 566.7% in the 2nd quarter. Sawyer & Company Inc now owns 100 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 85 shares during the last quarter. JTC Employer Solutions Trusteee Ltd acquired a new stake in PayPal in the 2nd quarter valued at about $38,000. Rocky Mountain Advisers LLC lifted its holdings in PayPal by 218.4% in the 2nd quarter. Rocky Mountain Advisers LLC now owns 156 shares of the credit services provider’s stock valued at $45,000 after acquiring an additional 107 shares during the last quarter. Finally, Baldrige Asset Management LLC acquired a new stake in PayPal in the 2nd quarter valued at about $47,000. 79.05% of the stock is owned by institutional investors and hedge funds.

PYPL opened at $282.24 on Wednesday. PayPal Holdings, Inc. has a 1-year low of $171.63 and a 1-year high of $310.16. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $331.64 billion, a price-to-earnings ratio of 68.84, a P/E/G ratio of 3.89 and a beta of 1.15. The business has a 50 day moving average of $286.20 and a 200-day moving average of $269.39.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, July 28th. The credit services provider reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.31. PayPal had a return on equity of 20.07% and a net margin of 20.42%. The company had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6.32 billion. During the same period in the prior year, the business earned $1.07 earnings per share. Equities analysts predict that PayPal Holdings, Inc. will post 3.48 EPS for the current year.

In related news, EVP Jonathan Auerbach sold 12,314 shares of the firm’s stock in a transaction on Tuesday, August 24th. The stock was sold at an average price of $278.64, for a total value of $3,431,172.96. Following the completion of the transaction, the executive vice president now directly owns 80,922 shares of the company’s stock, valued at $22,548,106.08. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark Britto sold 9,000 shares of the firm’s stock in a transaction on Friday, July 30th. The stock was sold at an average price of $279.15, for a total value of $2,512,350.00. Following the completion of the transaction, the executive vice president now directly owns 122,583 shares of the company’s stock, valued at $34,219,044.45. The disclosure for this sale can be found here. Insiders sold 41,314 shares of company stock valued at $11,463,923 over the last three months. 0.10% of the stock is owned by company insiders.

A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $360.00 price target (up from $310.00) on shares of PayPal in a report on Thursday, July 8th. Oppenheimer upped their price objective on shares of PayPal from $322.00 to $342.00 and gave the company an “outperform” rating in a research note on Friday, July 9th. Raymond James reduced their price objective on shares of PayPal from $345.00 to $340.00 and set an “outperform” rating for the company in a research note on Thursday, July 29th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Thursday, July 29th. Finally, Royal Bank of Canada upped their price objective on shares of PayPal from $300.00 to $322.00 and gave the company an “outperform” rating in a research note on Thursday, July 29th. Four research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $317.74.

About PayPal

PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The firm manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.

Read More: Do equity income investments outperform growth and income investments?

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL).

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.