Clearbridge Investments LLC Purchases 1,457 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Clearbridge Investments LLC grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 190,590 shares of the credit services provider’s stock after purchasing an additional 1,457 shares during the quarter. Clearbridge Investments LLC’s holdings in PayPal were worth $55,553,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of PYPL. Wealth Alliance Advisory Group LLC raised its holdings in PayPal by 2.7% in the second quarter. Wealth Alliance Advisory Group LLC now owns 1,290 shares of the credit services provider’s stock worth $376,000 after purchasing an additional 34 shares in the last quarter. Lindbrook Capital LLC increased its holdings in shares of PayPal by 1.9% during the second quarter. Lindbrook Capital LLC now owns 1,868 shares of the credit services provider’s stock valued at $544,000 after acquiring an additional 34 shares in the last quarter. Westover Capital Advisors LLC increased its holdings in shares of PayPal by 2.8% during the second quarter. Westover Capital Advisors LLC now owns 1,447 shares of the credit services provider’s stock valued at $422,000 after acquiring an additional 40 shares in the last quarter. Sage Rhino Capital LLC increased its holdings in shares of PayPal by 2.4% during the second quarter. Sage Rhino Capital LLC now owns 1,754 shares of the credit services provider’s stock valued at $511,000 after acquiring an additional 41 shares in the last quarter. Finally, Pacific Edge Advisors LLC increased its holdings in shares of PayPal by 4.4% during the second quarter. Pacific Edge Advisors LLC now owns 988 shares of the credit services provider’s stock valued at $288,000 after acquiring an additional 42 shares in the last quarter. 79.05% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:PYPL opened at $256.36 on Thursday. The business has a 50-day moving average price of $274.54 and a 200 day moving average price of $272.27. 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 company has a market capitalization of $301.23 billion, a price-to-earnings ratio of 62.53, a PEG ratio of 3.75 and a beta of 1.15. PayPal Holdings, Inc. has a 12-month low of $174.81 and a 12-month high of $310.16.

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

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of PayPal from $310.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday, July 20th. KeyCorp upped their price objective on shares of PayPal from $310.00 to $335.00 and gave the company an “overweight” rating in a report on Wednesday, July 28th. Mizuho reiterated a “buy” rating and issued a $375.00 price target on shares of PayPal in a report on Monday, June 28th. Susquehanna Bancshares increased their price target on shares of PayPal from $330.00 to $360.00 and gave the stock a “positive” rating in a report on Wednesday, July 14th. Finally, Bank of America reiterated a “buy” rating on shares of PayPal in a report on Monday, August 30th. Four analysts have rated the stock with a hold rating and thirty-four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $318.92.

In related news, EVP Jonathan Auerbach sold 12,314 shares of the firm’s stock in a transaction dated Tuesday, August 24th. The stock was sold at an average price of $278.64, for a total transaction of $3,431,172.96. Following the completion of the transaction, the executive vice president now directly owns 80,922 shares in the company, valued at approximately $22,548,106.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark Britto sold 9,000 shares of the firm’s stock in a transaction dated Friday, July 30th. The shares were sold at an average price of $279.15, for a total value of $2,512,350.00. Following the transaction, the executive vice president now 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 have sold a total of 41,314 shares of company stock valued at $11,463,923 over the last three months. Corporate insiders own 0.10% of the company’s stock.

PayPal 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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