SeaTown Holdings Pte. Ltd. reduced its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 84.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,927 shares of the credit services provider’s stock after selling 80,000 shares during the quarter. SeaTown Holdings Pte. Ltd.’s holdings in Paypal were worth $1,709,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PYPL. Charter Trust Co. boosted its position in shares of Paypal by 4.9% during the second quarter. Charter Trust Co. now owns 2,567 shares of the credit services provider’s stock valued at $294,000 after purchasing an additional 121 shares in the last quarter. Wedbush Securities Inc. boosted its position in shares of Paypal by 4.6% during the second quarter. Wedbush Securities Inc. now owns 46,612 shares of the credit services provider’s stock valued at $5,335,000 after purchasing an additional 2,033 shares in the last quarter. Cape ANN Savings Bank boosted its position in shares of Paypal by 41.9% during the second quarter. Cape ANN Savings Bank now owns 2,881 shares of the credit services provider’s stock valued at $330,000 after purchasing an additional 850 shares in the last quarter. Stevens Capital Management LP bought a new stake in shares of Paypal during the second quarter valued at approximately $24,192,000. Finally, CWM LLC boosted its position in shares of Paypal by 66.1% during the second quarter. CWM LLC now owns 5,032 shares of the credit services provider’s stock valued at $576,000 after purchasing an additional 2,003 shares in the last quarter. Hedge funds and other institutional investors own 80.71% of the company’s stock.

NASDAQ PYPL traded up $3.32 during midday trading on Tuesday, hitting $106.04. 8,430,866 shares of the company traded hands, compared to its average volume of 8,188,230. The stock has a market capitalization of $123.34 billion, a P/E ratio of 59.24, a PEG ratio of 2.42 and a beta of 0.97. The firm has a 50-day simple moving average of $114.39. Paypal Holdings Inc has a 52 week low of $74.66 and a 52 week high of $121.48.

Paypal (NASDAQ:PYPL) last announced its earnings results on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.12. The business had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.33 billion. Paypal had a return on equity of 17.14% and a net margin of 15.36%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.58 EPS. As a group, equities analysts predict that Paypal Holdings Inc will post 2.41 EPS for the current fiscal year.

In other Paypal news, insider Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $111.09, for a total transaction of $3,332,700.00. Following the completion of the transaction, the insider now owns 523,821 shares in the company, valued at approximately $58,191,274.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan Auerbach sold 8,730 shares of Paypal stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $113.80, for a total value of $993,474.00. Following the transaction, the executive vice president now owns 120,470 shares of the company’s stock, valued at approximately $13,709,486. The disclosure for this sale can be found here. Insiders have sold a total of 101,840 shares of company stock valued at $11,257,532 in the last quarter. Company insiders own 0.15% of the company’s stock.

Several equities research analysts recently weighed in on PYPL shares. Jefferies Financial Group lifted their price target on Paypal from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Barclays lifted their price target on Paypal from $117.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. Loop Capital lifted their price target on Paypal to $100.00 and gave the company a “hold” rating in a research report on Tuesday, April 16th. BTIG Research set a $130.00 price target on Paypal and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, UBS Group lowered Paypal from a “buy” rating to a “neutral” rating and lifted their price target for the company from $101.00 to $120.00 in a research report on Wednesday, April 17th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $120.81.

About Paypal

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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