Paypal Holdings Inc (NASDAQ:PYPL) is Signition LP’s 7th Largest Position

Signition LP grew its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 21.5% in the second quarter, Holdings Channel reports. The institutional investor owned 23,089 shares of the credit services provider’s stock after purchasing an additional 4,082 shares during the period. Paypal makes up 1.7% of Signition LP’s holdings, making the stock its 7th biggest holding. Signition LP’s holdings in Paypal were worth $2,643,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PYPL. Semmax Financial Advisors Inc. lifted its holdings in shares of Paypal by 630.2% in the 1st quarter. Semmax Financial Advisors Inc. now owns 314 shares of the credit services provider’s stock valued at $33,000 after purchasing an additional 271 shares during the last quarter. Mcmillion Capital Management Inc. purchased a new stake in shares of Paypal in the 2nd quarter valued at about $35,000. AGF Investments LLC lifted its holdings in shares of Paypal by 55.6% in the 2nd quarter. AGF Investments LLC now owns 308 shares of the credit services provider’s stock valued at $35,000 after purchasing an additional 110 shares during the last quarter. Private Ocean LLC lifted its holdings in shares of Paypal by 386.7% in the 1st quarter. Private Ocean LLC now owns 365 shares of the credit services provider’s stock valued at $38,000 after purchasing an additional 290 shares during the last quarter. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of Paypal in the 1st quarter valued at about $42,000. 80.13% of the stock is owned by institutional investors.

Several analysts have recently weighed in on PYPL shares. Oppenheimer boosted their target price on Paypal from $116.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Guggenheim raised Paypal from a “sell” rating to a “neutral” rating in a research note on Tuesday, August 13th. BTIG Research set a $130.00 price objective on Paypal and gave the company a “buy” rating in a research note on Wednesday, July 24th. SunTrust Banks upped their price objective on Paypal to $115.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. They noted that the move was a valuation call. Finally, Berenberg Bank reaffirmed a “buy” rating and set a $125.00 price objective on shares of Paypal in a research note on Friday, July 26th. Eight research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $120.99.

NASDAQ PYPL traded down $2.07 on Friday, hitting $106.70. 3,242,045 shares of the company’s stock were exchanged, compared to its average volume of 9,091,206. The firm’s 50-day moving average price is $112.69 and its two-hundred day moving average price is $107.58. Paypal Holdings Inc has a fifty-two week low of $74.66 and a fifty-two week high of $121.48. The firm has a market cap of $126.34 billion, a price-to-earnings ratio of 59.61, a P/E/G ratio of 2.48 and a beta of 0.97.

Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.12. Paypal had a return on equity of 17.14% and a net margin of 15.36%. The company had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter in the previous year, the firm posted $0.58 EPS. The firm’s quarterly revenue 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 year.

In related news, insider Daniel H. Schulman sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $111.09, for a total value of $3,332,700.00. Following the sale, the insider now owns 523,821 shares in the company, valued at approximately $58,191,274.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Aaron Karczmer sold 3,110 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $115.71, for a total value of $359,858.10. Following the completion of the sale, the executive vice president now owns 15,041 shares in the company, valued at approximately $1,740,394.11. The disclosure for this sale can be found here. Insiders have sold a total of 95,134 shares of company stock worth $10,478,744 in the last quarter. 0.15% of the stock is currently owned by insiders.

Paypal Company Profile

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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