EFG Asset Management Americas Corp. lowered its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 30.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 47,433 shares of the credit services provider’s stock after selling 20,808 shares during the quarter. Paypal accounts for 2.1% of EFG Asset Management Americas Corp.’s holdings, making the stock its 8th largest position. EFG Asset Management Americas Corp.’s holdings in Paypal were worth $8,261,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in PYPL. Macquarie Group Ltd. raised its position in shares of Paypal by 26.8% during the fourth quarter. Macquarie Group Ltd. now owns 1,605,632 shares of the credit services provider’s stock valued at $173,682,000 after buying an additional 339,100 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of Paypal by 391.7% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 531 shares of the credit services provider’s stock valued at $50,000 after buying an additional 423 shares during the last quarter. IMS Capital Management raised its position in shares of Paypal by 1.2% during the first quarter. IMS Capital Management now owns 14,329 shares of the credit services provider’s stock valued at $1,372,000 after buying an additional 170 shares during the last quarter. Wiley BROS. Aintree Capital LLC raised its position in shares of Paypal by 3.3% during the first quarter. Wiley BROS. Aintree Capital LLC now owns 5,895 shares of the credit services provider’s stock valued at $564,000 after buying an additional 190 shares during the last quarter. Finally, Centre Asset Management LLC bought a new stake in Paypal in the first quarter worth $2,789,000. Hedge funds and other institutional investors own 82.75% of the company’s stock.

Several equities research analysts recently weighed in on the stock. Goldman Sachs Group boosted their price target on shares of Paypal from $170.00 to $205.00 and gave the stock a “conviction-buy” rating in a research report on Monday, July 20th. Citigroup boosted their price target on shares of Paypal from $186.00 to $218.00 and gave the stock a “buy” rating in a research report on Thursday. BofA Securities boosted their price target on shares of Paypal from $194.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Keefe, Bruyette & Woods boosted their price target on shares of Paypal from $205.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Stephens boosted their price target on shares of Paypal from $132.00 to $159.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Seven investment analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $190.13.

In other Paypal news, CEO Daniel H. Schulman sold 25,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $144.15, for a total transaction of $3,603,750.00. Following the completion of the sale, the chief executive officer now directly owns 569,603 shares of the company’s stock, valued at $82,108,272.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 75,000 shares of company stock valued at $10,562,250. Insiders own 0.12% of the company’s stock.

NASDAQ:PYPL traded up $3.56 during mid-day trading on Friday, reaching $196.07. The company’s stock had a trading volume of 10,865,370 shares, compared to its average volume of 7,571,171. Paypal Holdings Inc has a 1 year low of $82.07 and a 1 year high of $198.66. The stock has a fifty day moving average of $172.13 and a 200-day moving average of $133.02. The firm has a market capitalization of $230.18 billion, a PE ratio of 89.94, a price-to-earnings-growth ratio of 5.42 and a beta of 1.19. The company has a quick ratio of 1.39, a current ratio of 1.38 and a debt-to-equity ratio of 0.51.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, July 29th. The credit services provider reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.46. Paypal had a net margin of 13.44% and a return on equity of 16.17%. The company had revenue of $5.26 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same period in the prior year, the firm earned $0.86 earnings per share. The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year. On average, analysts expect that Paypal Holdings Inc will post 2.38 earnings per share for the current year.

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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