PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Prospera Financial Services Inc

Prospera Financial Services Inc increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,237 shares of the credit services provider’s stock after acquiring an additional 1,224 shares during the period. Prospera Financial Services Inc’s holdings in PayPal were worth $6,481,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in shares of PayPal by 2.1% in the 1st quarter. Geode Capital Management LLC now owns 18,116,830 shares of the credit services provider’s stock valued at $4,386,862,000 after purchasing an additional 374,780 shares during the period. Nuveen Asset Management LLC boosted its position in PayPal by 3.2% during the 1st quarter. Nuveen Asset Management LLC now owns 13,479,928 shares of the credit services provider’s stock worth $3,273,465,000 after acquiring an additional 421,457 shares during the period. Bank of New York Mellon Corp boosted its position in PayPal by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,610,001 shares of the credit services provider’s stock worth $3,384,083,000 after acquiring an additional 157,814 shares during the period. Fisher Asset Management LLC boosted its position in PayPal by 4.6% during the 2nd quarter. Fisher Asset Management LLC now owns 11,576,650 shares of the credit services provider’s stock worth $3,374,362,000 after acquiring an additional 511,878 shares during the period. Finally, Morgan Stanley boosted its position in PayPal by 16.7% during the 1st quarter. Morgan Stanley now owns 11,454,842 shares of the credit services provider’s stock worth $2,781,692,000 after acquiring an additional 1,639,951 shares during the period. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

In other PayPal news, EVP Jonathan Auerbach sold 12,314 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 80,922 shares in the company, valued at $22,548,106.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Britto sold 9,000 shares of the stock in a transaction dated 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 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 in the last quarter. 0.10% of the stock is currently owned by corporate insiders.

PYPL stock opened at $274.56 on Monday. The company has a market cap of $322.62 billion, a P/E ratio of 67.83, a PEG ratio of 3.75 and a beta of 1.15. PayPal Holdings, Inc. has a twelve month low of $174.81 and a twelve month high of $310.16. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.43. The business has a fifty day moving average of $282.64 and a 200-day moving average of $270.97.

PayPal (NASDAQ:PYPL) last released its earnings results on Wednesday, July 28th. The credit services provider reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.31. The company 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 quarter in the previous year, the company posted $1.07 earnings per share. As a group, equities research analysts anticipate that PayPal Holdings, Inc. will post 3.48 earnings per share for the current fiscal year.

A number of equities research analysts have commented on PYPL shares. Barclays raised their price objective on PayPal from $318.00 to $343.00 and gave the stock an “overweight” rating in a research report on Thursday, July 22nd. Evercore ISI lifted their price target on PayPal from $313.00 to $370.00 and gave the company an “outperform” rating in a report on Friday, July 9th. Raymond James reduced their price target on PayPal from $345.00 to $340.00 and set an “outperform” rating for the company in a report on Thursday, July 29th. Susquehanna lifted their price target on PayPal from $330.00 to $360.00 and gave the company a “positive” rating in a report on Wednesday, July 14th. Finally, Royal Bank of Canada lifted their price target on PayPal from $300.00 to $322.00 and gave the company an “outperform” rating in a report on Thursday, July 29th. Four research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $317.74.

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.

See Also: Growth and Income Funds

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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