Paypal Holdings Inc (NASDAQ:PYPL) Shares Sold by Greenleaf Trust

Greenleaf Trust lowered its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 1.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 139,712 shares of the credit services provider’s stock after selling 2,154 shares during the quarter. Paypal accounts for about 0.3% of Greenleaf Trust’s holdings, making the stock its 16th biggest position. Greenleaf Trust’s holdings in Paypal were worth $15,991,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Westside Investment Management Inc. acquired a new position in shares of Paypal during the 2nd quarter worth $1,441,000. First Business Financial Services Inc. acquired a new position in shares of Paypal during the 2nd quarter worth $323,000. Bartlett & Co. LLC acquired a new position in shares of Paypal during the 2nd quarter worth $140,000. Quadrant Capital Group LLC raised its stake in shares of Paypal by 6.8% during the 2nd quarter. Quadrant Capital Group LLC now owns 8,150 shares of the credit services provider’s stock worth $913,000 after buying an additional 521 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of Paypal during the 2nd quarter worth $203,000. 80.97% of the stock is owned by institutional investors.

Shares of PYPL stock opened at $107.09 on Friday. The company has a 50-day moving average price of $116.59. Paypal Holdings Inc has a twelve month low of $74.66 and a twelve month high of $121.48. The firm has a market cap of $130.38 billion, a P/E ratio of 59.83, a price-to-earnings-growth ratio of 2.56 and a beta of 0.97.

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

PYPL has been the subject of several research reports. SunTrust Banks lifted their price target on Paypal to $115.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. They noted that the move was a valuation call. Robert W. Baird lifted their price target on Paypal from $118.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. BTIG Research set a $130.00 price target on Paypal and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Jefferies Financial Group lifted their price target on Paypal from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, BidaskClub downgraded Paypal from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $120.81.

In other Paypal news, insider Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $109.73, for a total value of $3,291,900.00. Following the completion of the sale, the insider now owns 538,821 shares in the company, valued at approximately $59,124,828.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 completion of the sale, 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 sold a total of 101,840 shares of company stock valued at $11,336,732 in the last 90 days. 0.15% of the stock is owned by company insiders.

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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