APG Asset Management N.V. Sells 98,646 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

APG Asset Management N.V. lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 28.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 242,430 shares of the credit services provider’s stock after selling 98,646 shares during the period. APG Asset Management N.V.’s holdings in PayPal were worth $59,586,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Permanens Capital L.P. bought a new stake in PayPal in the first quarter valued at about $27,000. Sawyer & Company Inc boosted its stake in PayPal by 566.7% during the 2nd quarter. Sawyer & Company Inc now owns 100 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 85 shares during the last quarter. JTC Employer Solutions Trusteee Ltd acquired a new position in PayPal during the second quarter valued at approximately $38,000. Rocky Mountain Advisers LLC increased its stake in PayPal by 218.4% in the second quarter. Rocky Mountain Advisers LLC now owns 156 shares of the credit services provider’s stock valued at $45,000 after purchasing an additional 107 shares in the last quarter. Finally, Baldrige Asset Management LLC acquired a new stake in PayPal in the second quarter worth $47,000. Institutional investors own 79.05% of the company’s stock.

Shares of PYPL opened at $256.36 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $301.23 billion, a P/E ratio of 62.53, a price-to-earnings-growth ratio of 3.75 and a beta of 1.15. The firm’s fifty day simple moving average is $274.54 and its two-hundred day simple moving average is $272.27. PayPal Holdings, Inc. has a 12 month low of $174.81 and a 12 month high of $310.16.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, July 28th. The credit services provider reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.31. PayPal had a net margin of 20.42% and a return on equity of 20.07%. The firm had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6.32 billion. During the same quarter in the prior year, the business earned $1.07 earnings per share. As a group, research analysts predict that PayPal Holdings, Inc. will post 3.48 EPS for the current fiscal year.

Several equities research analysts have weighed in on PYPL shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $360.00 target price (up from $310.00) on shares of PayPal in a report on Thursday, July 8th. DA Davidson began coverage on shares of PayPal in a report on Wednesday, June 23rd. They issued a “buy” rating and a $325.00 target price on the stock. Susquehanna increased their price objective on shares of PayPal from $330.00 to $360.00 and gave the stock a “positive” rating in a research report on Wednesday, July 14th. Evercore ISI increased their price objective on shares of PayPal from $313.00 to $370.00 and gave the stock an “outperform” rating in a research report on Friday, July 9th. Finally, Wolfe Research reissued a “buy” rating and set a $360.00 price objective on shares of PayPal in a research report on Monday, September 27th. Four research analysts have rated the stock with a hold rating and thirty-four have assigned a buy rating to the company. According to MarketBeat, PayPal has an average rating of “Buy” and an average price target of $318.92.

In other news, EVP Jonathan Auerbach sold 12,314 shares of the stock in a transaction that occurred on Tuesday, August 24th. The shares were sold at an average price of $278.64, for a total transaction of $3,431,172.96. Following the completion of the transaction, the executive vice president now directly owns 80,922 shares of the company’s stock, valued at approximately $22,548,106.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Daniel H. Schulman sold 10,000 shares of the stock in a transaction that occurred on Friday, July 30th. The stock was sold at an average price of $276.81, for a total transaction of $2,768,100.00. Following the completion of the sale, the chief executive officer now owns 245,770 shares in the company, valued at $68,031,593.70. The disclosure for this sale can be found here. Insiders sold a total of 41,314 shares of company stock worth $11,463,923 in the last 90 days. 0.10% of the stock is currently owned by company insiders.

PayPal Profile

PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The firm manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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