Colony Group LLC Buys Shares of 5,225 PayPal Holdings, Inc. (NASDAQ:PYPL)

Colony Group LLC acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,225 shares of the credit services provider’s stock, valued at approximately $280,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PYPL. Stelac Advisory Services LLC purchased a new position in PayPal Holdings during the 1st quarter worth $119,000. Archford Capital Strategies LLC increased its holdings in PayPal Holdings by 65.4% during the 1st quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock worth $139,000 after purchasing an additional 1,281 shares during the period. Balentine LLC increased its holdings in PayPal Holdings by 28.7% during the 1st quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock worth $150,000 after purchasing an additional 780 shares during the period. Harvest Fund Management Co. Ltd increased its holdings in PayPal Holdings by 171.4% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock worth $154,000 after purchasing an additional 1,808 shares during the period. Finally, SRS Capital Advisors Inc. increased its holdings in PayPal Holdings by 5.6% during the 1st quarter. SRS Capital Advisors Inc. now owns 3,611 shares of the credit services provider’s stock worth $155,000 after purchasing an additional 190 shares during the period. Institutional investors own 82.18% of the company’s stock.



In other news, COO William J. Ready sold 90,000 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the transaction, the chief operating officer now owns 29,252 shares in the company, valued at approximately $1,733,181. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $79,709.00. Following the transaction, the executive vice president now owns 37,492 shares in the company, valued at approximately $2,212,028. The disclosure for this sale can be found here. In the last quarter, insiders sold 261,351 shares of company stock worth $15,302,809. Company insiders own 6.00% of the company’s stock.

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A number of research analysts have recently issued reports on the company. Citigroup Inc. reiterated a “buy” rating and issued a $67.00 price target (up from $62.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Stifel Nicolaus lifted their price target on PayPal Holdings from $61.00 to $70.00 and gave the company a “hold” rating in a report on Sunday, October 22nd. Zacks Investment Research upgraded PayPal Holdings from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a report on Thursday. Nomura raised their price objective on PayPal Holdings from $57.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $79.00 price objective on shares of PayPal Holdings in a research report on Friday, October 20th. Nine equities research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $69.77.

Shares of PayPal Holdings, Inc. (NASDAQ PYPL) traded down 0.22% during midday trading on Friday, reaching $71.18. 1,617,412 shares of the company were exchanged. The company’s 50-day moving average price is $65.42 and its 200 day moving average price is $65.42. PayPal Holdings, Inc. has a 52-week low of $38.06 and a 52-week high of $71.79. The stock has a market capitalization of $85.59 billion, a price-to-earnings ratio of 57.40 and a beta of 0.98.

PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a net margin of 12.69% and a return on equity of 11.33%. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same quarter in the previous year, the business earned $0.35 earnings per share. The firm’s revenue was up 21.4% compared to the same quarter last year. On average, equities analysts predict that PayPal Holdings, Inc. will post $1.87 earnings per share for the current year.

PayPal Holdings Profile

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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