Bray Capital Advisors lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,439 shares of the credit services provider’s stock after selling 4,078 shares during the period. PayPal Holdings comprises 1.8% of Bray Capital Advisors’ portfolio, making the stock its 17th largest position. Bray Capital Advisors’ holdings in PayPal Holdings were worth $3,298,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Raymond James Trust N.A. raised its stake in shares of PayPal Holdings by 1.3% in the first quarter. Raymond James Trust N.A. now owns 11,349 shares of the credit services provider’s stock worth $488,000 after buying an additional 150 shares during the period. Creative Planning raised its stake in shares of PayPal Holdings by 2.7% in the first quarter. Creative Planning now owns 29,044 shares of the credit services provider’s stock worth $1,249,000 after buying an additional 776 shares during the period. Sheets Smith Wealth Management raised its stake in shares of PayPal Holdings by 1.0% in the first quarter. Sheets Smith Wealth Management now owns 7,715 shares of the credit services provider’s stock worth $332,000 after buying an additional 75 shares during the period. Chesley Taft & Associates LLC raised its stake in shares of PayPal Holdings by 3.3% in the first quarter. Chesley Taft & Associates LLC now owns 7,480 shares of the credit services provider’s stock worth $322,000 after buying an additional 240 shares during the period. Finally, Carroll Financial Associates Inc. raised its stake in shares of PayPal Holdings by 41.7% in the first quarter. Carroll Financial Associates Inc. now owns 2,516 shares of the credit services provider’s stock worth $108,000 after buying an additional 740 shares during the period. 81.31% of the stock is currently owned by institutional investors.

PayPal Holdings, Inc. (NASDAQ PYPL) traded up 0.03% on Friday, reaching $58.04. The company’s stock had a trading volume of 6,962,121 shares. PayPal Holdings, Inc. has a 12 month low of $36.30 and a 12 month high of $61.30. The stock’s 50 day moving average price is $57.01 and its 200 day moving average price is $48.47. The company has a market cap of $69.79 billion, a P/E ratio of 46.81 and a beta of 0.99.

PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.03. The business 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 business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Equities research analysts forecast that PayPal Holdings, Inc. will post $1.84 earnings per share for the current year.

PayPal Holdings announced that its board has authorized a share buyback program on Wednesday, April 26th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to buy up to 9.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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Several research analysts recently weighed in on PYPL shares. Piper Jaffray Companies reissued an “underweight” rating and set a $41.00 price target on shares of PayPal Holdings in a research report on Friday, April 14th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $47.00 target price on shares of PayPal Holdings in a research report on Monday, April 17th. Wedbush reaffirmed an “outperform” rating and issued a $54.00 target price on shares of PayPal Holdings in a research report on Wednesday, April 19th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $52.00 target price on shares of PayPal Holdings in a research report on Wednesday, April 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $49.00 target price on shares of PayPal Holdings in a research report on Sunday, April 23rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $59.49.

In other news, EVP Gary J. Marino sold 1,350 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $52.48, for a total transaction of $70,848.00. Following the transaction, the executive vice president now owns 37,491 shares of the company’s stock, valued at approximately $1,967,527.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO William J. Ready sold 90,000 shares of the stock in a transaction dated 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 transaction, the chief operating officer now directly owns 29,252 shares in the company, valued at approximately $1,733,181. The disclosure for this sale can be found here. Insiders have sold a total of 95,852 shares of company stock worth $5,653,198 in the last three months. Insiders own 6.00% of the company’s stock.

PayPal Holdings Company Profile

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.

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

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