Rathbone Brothers plc Reduces Stake in PayPal Holdings, Inc. (PYPL)

Rathbone Brothers plc lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 618,200 shares of the credit services provider’s stock after selling 2,353 shares during the quarter. PayPal Holdings makes up approximately 1.5% of Rathbone Brothers plc’s investment portfolio, making the stock its 18th largest position. Rathbone Brothers plc owned 0.05% of PayPal Holdings worth $33,179,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of PayPal Holdings by 3.5% in the first quarter. Vanguard Group Inc. now owns 75,643,714 shares of the credit services provider’s stock worth $3,254,192,000 after acquiring an additional 2,549,683 shares during the last quarter. FMR LLC lifted its holdings in shares of PayPal Holdings by 28.2% in the first quarter. FMR LLC now owns 60,453,931 shares of the credit services provider’s stock worth $2,600,728,000 after acquiring an additional 13,296,056 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of PayPal Holdings by 2,792.8% in the first quarter. BlackRock Inc. now owns 60,103,922 shares of the credit services provider’s stock worth $2,585,670,000 after acquiring an additional 58,026,239 shares during the last quarter. Edgewood Management LLC lifted its holdings in shares of PayPal Holdings by 3.7% in the first quarter. Edgewood Management LLC now owns 18,568,508 shares of the credit services provider’s stock worth $798,817,000 after acquiring an additional 663,087 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of PayPal Holdings by 15.4% in the first quarter. Wellington Management Group LLP now owns 14,813,195 shares of the credit services provider’s stock worth $637,263,000 after acquiring an additional 1,982,305 shares during the last quarter. 82.46% of the stock is owned by hedge funds and other institutional investors.

PYPL has been the subject of a number of research reports. TheStreet raised shares of PayPal Holdings from a “c” rating to a “b-” rating in a report on Monday, July 3rd. BTIG Research raised their price objective on shares of PayPal Holdings from $53.00 to $63.00 and gave the company a “buy” rating in a report on Monday, June 26th. KeyCorp upgraded shares of PayPal Holdings to a “buy” rating and set a $60.00 price objective for the company in a report on Wednesday, June 21st. Vetr upgraded shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $54.78 price objective for the company in a report on Wednesday, June 21st. Finally, BidaskClub lowered shares of PayPal Holdings from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Eleven equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $60.78.

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PayPal Holdings, Inc. (PYPL) opened at 65.08 on Friday. PayPal Holdings, Inc. has a 52 week low of $38.06 and a 52 week high of $65.24. The company has a market capitalization of $78.25 billion, a PE ratio of 52.48 and a beta of 0.98. The firm’s 50-day moving average price is $62.68 and its 200 day moving average price is $62.68.

PayPal Holdings (NASDAQ:PYPL) last released 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. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the prior year, the firm posted $0.36 earnings per share. The company’s quarterly revenue was up 18.3% on a year-over-year basis. Equities research analysts expect that PayPal Holdings, Inc. will post $1.83 earnings per share for the current fiscal year.

In other news, EVP Gary J. Marino sold 1,351 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $59.00, for a total value of $79,709.00. Following the sale, the executive vice president now directly owns 37,492 shares of the company’s stock, valued at $2,212,028. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John J. Donahoe sold 170,000 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $58.18, for a total value of $9,890,600.00. Following the completion of the sale, the director now directly owns 124,516 shares in the company, valued at $7,244,340.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 262,702 shares of company stock worth $15,375,804. Insiders own 6.00% of the company’s stock.

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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