Capital World Investors Has $330.13 Million Stake in PayPal Holdings, Inc. (PYPL)

Capital World Investors grew its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 313.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,151,049 shares of the credit services provider’s stock after acquiring an additional 4,663,337 shares during the period. Capital World Investors owned 0.51% of PayPal Holdings worth $330,127,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Guardian Life Insurance Co. of America grew its holdings in PayPal Holdings by 0.9% during the first quarter. Guardian Life Insurance Co. of America now owns 4,338 shares of the credit services provider’s stock worth $187,000 after purchasing an additional 38 shares during the period. Apriem Advisors grew its holdings in PayPal Holdings by 0.6% during the second quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock worth $451,000 after purchasing an additional 52 shares during the period. Sigma Planning Corp grew its holdings in PayPal Holdings by 0.4% during the second quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock worth $903,000 after purchasing an additional 74 shares during the period. Train Babcock Advisors LLC grew its holdings in PayPal Holdings by 1.6% during the second quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock worth $292,000 after purchasing an additional 86 shares during the period. Finally, Calamos Wealth Management LLC grew its holdings in PayPal Holdings by 0.3% during the second quarter. Calamos Wealth Management LLC now owns 38,860 shares of the credit services provider’s stock worth $2,086,000 after purchasing an additional 98 shares during the period. Institutional investors own 82.47% of the company’s stock.

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Shares of PayPal Holdings, Inc. (PYPL) opened at 66.04 on Wednesday. The company has a market cap of $79.41 billion, a PE ratio of 53.26 and a beta of 0.98. The company has a 50 day moving average of $63.85 and a 200 day moving average of $63.85. PayPal Holdings, Inc. has a 52 week low of $38.06 and a 52 week high of $66.67.

PayPal Holdings (NASDAQ:PYPL) last issued its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The company had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.09 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The firm’s revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 EPS. On average, analysts expect that PayPal Holdings, Inc. will post $1.84 EPS for the current year.

A number of equities analysts recently commented on PYPL shares. BidaskClub upgraded PayPal Holdings from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Bank of America Corporation reiterated a “buy” rating and set a $78.00 price target (up previously from $71.00) on shares of PayPal Holdings in a report on Friday, October 6th. Robert W. Baird reiterated an “outperform” rating and set a $65.00 price target (up previously from $59.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Credit Suisse Group reiterated an “outperform” rating on shares of PayPal Holdings in a report on Tuesday, September 5th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $65.00 price objective on shares of PayPal Holdings in a report on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $63.00.

In related news, Director John J. Donahoe sold 170,000 shares of PayPal Holdings stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $58.18, for a total value of $9,890,600.00. Following the transaction, the director now owns 124,516 shares in the company, valued at approximately $7,244,340.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO William J. Ready sold 90,000 shares of PayPal Holdings stock in a transaction on Monday, July 31st. The stock was sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the completion of the transaction, the chief operating officer now owns 29,252 shares in the company, valued at approximately $1,733,181. The disclosure for this sale can be found here. In the last quarter, insiders sold 261,351 shares of company stock worth $15,302,809. 6.00% of the stock is owned by corporate insiders.

About PayPal Holdings

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

Institutional Ownership by Quarter for PayPal Holdings (NASDAQ:PYPL)

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