SFE Investment Counsel Has $1.83 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

SFE Investment Counsel decreased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,290 shares of the credit services provider’s stock after selling 190 shares during the quarter. SFE Investment Counsel’s holdings in PayPal were worth $1,833,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PYPL. Permanens Capital L.P. bought a new stake in shares of PayPal during the 1st quarter valued at approximately $27,000. Sawyer & Company Inc lifted its position in shares of PayPal by 566.7% during 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 period. JTC Employer Solutions Trusteee Ltd acquired a new position in shares of PayPal during the 2nd quarter valued at $38,000. Rocky Mountain Advisers LLC raised its holdings in PayPal by 218.4% during the second quarter. Rocky Mountain Advisers LLC now owns 156 shares of the credit services provider’s stock worth $45,000 after buying an additional 107 shares during the last quarter. Finally, Baldrige Asset Management LLC acquired a new position in PayPal during the second quarter worth $47,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

In other news, EVP Mark Britto sold 9,000 shares of PayPal 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 sale, the executive vice president now directly owns 122,583 shares of the company’s stock, valued at $34,219,044.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Daniel H. Schulman sold 10,000 shares of PayPal stock in a transaction on Friday, July 30th. The shares were sold at an average price of $276.81, for a total value of $2,768,100.00. Following the completion of the sale, the chief executive officer now directly owns 245,770 shares of the company’s stock, valued at $68,031,593.70. The disclosure for this sale can be found here. Insiders sold 41,314 shares of company stock worth $11,463,923 over the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Several research firms have recently issued reports on PYPL. Wells Fargo & Company upped their target price on shares of PayPal from $310.00 to $350.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 20th. Piper Sandler upped their price objective on shares of PayPal from $300.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, July 29th. 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 report on Thursday, July 29th. Evercore ISI increased their price target on shares of PayPal from $313.00 to $370.00 and gave the stock an “outperform” rating in a report on Friday, July 9th. Finally, 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. Four research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. According to MarketBeat.com, PayPal has a consensus rating of “Buy” and a consensus price target of $317.74.

PayPal stock traded down $0.66 during midday trading on Wednesday, hitting $281.58. 127,168 shares of the company were exchanged, compared to its average volume of 7,576,178. The firm has a market capitalization of $330.87 billion, a PE ratio of 69.37, a price-to-earnings-growth ratio of 3.89 and a beta of 1.15. PayPal Holdings, Inc. has a fifty-two week low of $171.63 and a fifty-two week high of $310.16. The business has a fifty day simple moving average of $286.20 and a two-hundred day simple moving average of $269.39. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.29 and a current ratio of 1.29.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, July 28th. The credit services provider reported $1.15 EPS 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 for the quarter, compared to analyst estimates of $6.32 billion. During the same period last year, the company earned $1.07 earnings per share. As a group, equities analysts expect that PayPal Holdings, Inc. will post 3.48 earnings per share for the current year.

PayPal Company Profile

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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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