Garde Capital Inc. Invests $207,000 in Paypal Holdings Inc (NASDAQ:PYPL)

Garde Capital Inc. purchased a new position in shares of Paypal Holdings Inc (NASDAQ:PYPL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,186 shares of the credit services provider’s stock, valued at approximately $207,000.

Several other hedge funds have also recently bought and sold shares of the company. Capital Research Global Investors raised its stake in Paypal by 154.8% during the first quarter. Capital Research Global Investors now owns 14,602,398 shares of the credit services provider’s stock valued at $1,398,034,000 after buying an additional 8,872,484 shares during the last quarter. BlackRock Inc. raised its stake in Paypal by 6.7% during the second quarter. BlackRock Inc. now owns 80,233,992 shares of the credit services provider’s stock valued at $13,979,166,000 after buying an additional 5,009,600 shares during the last quarter. Jennison Associates LLC raised its stake in Paypal by 40.7% during the second quarter. Jennison Associates LLC now owns 11,388,915 shares of the credit services provider’s stock valued at $1,984,291,000 after buying an additional 3,291,638 shares during the last quarter. Coatue Management LLC raised its stake in Paypal by 84.2% during the second quarter. Coatue Management LLC now owns 7,055,251 shares of the credit services provider’s stock valued at $1,229,237,000 after buying an additional 3,225,189 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in Paypal by 39.1% during the second quarter. Fisher Asset Management LLC now owns 9,744,668 shares of the credit services provider’s stock valued at $1,697,814,000 after buying an additional 2,741,321 shares during the last quarter. Institutional investors own 83.43% of the company’s stock.

A number of research analysts have issued reports on the company. Barclays lifted their price objective on Paypal from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Berenberg Bank restated a “buy” rating and issued a $205.00 price target on shares of Paypal in a research note on Thursday, June 25th. Canaccord Genuity boosted their price target on Paypal from $190.00 to $218.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Wedbush boosted their price target on Paypal from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Finally, Jefferies Financial Group boosted their price target on Paypal from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Eight research analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has assigned a strong buy rating to the stock. Paypal currently has an average rating of “Buy” and an average price target of $195.63.

NASDAQ:PYPL traded down $5.11 during mid-day trading on Wednesday, hitting $180.91. 8,161,821 shares of the company traded hands, compared to its average volume of 8,787,095. The stock’s fifty day moving average price is $194.74 and its 200-day moving average price is $150.67. Paypal Holdings Inc has a one year low of $82.07 and a one year high of $212.45. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.51. The firm has a market cap of $218.26 billion, a price-to-earnings ratio of 84.24, a price-to-earnings-growth ratio of 3.11 and a beta of 1.14.

Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, July 29th. The credit services provider reported $1.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.46. The business had revenue of $5.26 billion during the quarter, compared to analyst estimates of $4.99 billion. Paypal had a return on equity of 16.17% and a net margin of 13.44%. Paypal’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.86 earnings per share. Equities analysts predict that Paypal Holdings Inc will post 2.75 EPS for the current year.

In other news, CEO Daniel H. Schulman sold 25,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $196.89, for a total value of $4,922,250.00. Following the completion of the transaction, the chief executive officer now owns 516,403 shares of the company’s stock, valued at $101,674,586.67. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark Britto sold 9,000 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $193.68, for a total value of $1,743,120.00. Following the completion of the transaction, the executive vice president now directly owns 89,886 shares of the company’s stock, valued at approximately $17,409,120.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 89,409 shares of company stock valued at $17,582,995. Corporate insiders own 0.12% of the company’s stock.

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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