Dynamic Advisor Solutions LLC increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 43.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,813 shares of the credit services provider’s stock after buying an additional 3,869 shares during the period. Dynamic Advisor Solutions LLC’s holdings in PayPal were worth $3,735,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in PYPL. Permanens Capital L.P. bought a new position in PayPal during the first quarter worth $27,000. Sawyer & Company Inc increased its stake in PayPal by 566.7% in the second quarter. Sawyer & Company Inc now owns 100 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 85 shares in the last quarter. JTC Employer Solutions Trusteee Ltd bought a new stake in PayPal in the second quarter valued at $38,000. Rocky Mountain Advisers LLC increased its stake in PayPal by 218.4% in the second quarter. Rocky Mountain Advisers LLC now owns 156 shares of the credit services provider’s stock valued at $45,000 after purchasing an additional 107 shares in the last quarter. Finally, Baldrige Asset Management LLC bought a new stake in PayPal in the second quarter valued at $47,000. 79.05% of the stock is owned by institutional investors and hedge funds.
PYPL traded down $0.82 during midday trading on Wednesday, reaching $281.42. The company had a trading volume of 110,965 shares, compared to its average volume of 7,576,178. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market cap of $330.68 billion, a PE ratio of 69.37, a P/E/G ratio of 3.89 and a beta of 1.15. PayPal Holdings, Inc. has a 12-month low of $171.63 and a 12-month high of $310.16. The business has a 50-day moving average price of $286.20 and a two-hundred day moving average price of $269.39.
PYPL has been the subject of several research analyst reports. Wells Fargo & Company lifted their price target on shares of PayPal from $310.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday, July 20th. KeyCorp lifted their price target on shares of PayPal from $310.00 to $335.00 and gave the company an “overweight” rating in a research note on Wednesday, July 28th. Barclays lifted their price target on shares of PayPal from $318.00 to $343.00 and gave the company an “overweight” rating in a research note on Thursday, July 22nd. 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 report on Thursday, July 29th. Finally, Susquehanna Bancshares lifted their price objective on shares of PayPal from $330.00 to $360.00 and gave the company a “positive” rating in a report on Wednesday, July 14th. Four research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company’s stock. According to data from MarketBeat, PayPal presently has a consensus rating of “Buy” and an average target price of $317.74.
In related news, CEO Daniel H. Schulman sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 30th. The shares were sold at an average price of $276.81, for a total transaction of $2,768,100.00. Following the sale, the chief executive officer now owns 245,770 shares of the company’s stock, valued at approximately $68,031,593.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark Britto sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, July 30th. The stock was sold at an average price of $279.15, for a total transaction of $2,512,350.00. Following the sale, the executive vice president now directly owns 122,583 shares in the company, valued at approximately $34,219,044.45. The disclosure for this sale can be found here. In the last three months, insiders sold 41,314 shares of company stock worth $11,463,923. Insiders own 0.10% of the company’s stock.
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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