PayPal Holdings, Inc. (NASDAQ:PYPL) is Barton Investment Management’s 7th Largest Position

Barton Investment Management increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) by 1.2% in the second quarter, HoldingsChannel.com reports. The firm owned 353,101 shares of the credit services provider’s stock after acquiring an additional 4,297 shares during the quarter. PayPal accounts for 5.0% of Barton Investment Management’s portfolio, making the stock its 7th largest position. Barton Investment Management’s holdings in PayPal were worth $24,661,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of PayPal by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 94,427,651 shares of the credit services provider’s stock valued at $10,920,558,000 after purchasing an additional 349,411 shares in the last quarter. BlackRock Inc. grew its stake in PayPal by 3.0% in the 1st quarter. BlackRock Inc. now owns 78,254,181 shares of the credit services provider’s stock valued at $9,050,097,000 after acquiring an additional 2,266,699 shares during the last quarter. State Street Corp grew its stake in PayPal by 2.8% in the 4th quarter. State Street Corp now owns 46,489,371 shares of the credit services provider’s stock valued at $8,766,966,000 after acquiring an additional 1,257,110 shares during the last quarter. Comprehensive Financial Management LLC grew its stake in PayPal by 6.7% in the 1st quarter. Comprehensive Financial Management LLC now owns 32,006,618 shares of the credit services provider’s stock valued at $3,701,565,000 after acquiring an additional 2,018,310 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in PayPal by 16.0% in the 1st quarter. Fisher Asset Management LLC now owns 16,777,545 shares of the credit services provider’s stock valued at $1,940,323,000 after acquiring an additional 2,308,557 shares during the last quarter. Hedge funds and other institutional investors own 70.67% of the company’s stock.

Insider Activity at PayPal

In related news, EVP Peggy Alford sold 21,791 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $97.82, for a total value of $2,131,595.62. Following the completion of the sale, the executive vice president now owns 18,100 shares of the company’s stock, valued at approximately $1,770,542. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.13% of the stock is currently owned by company insiders.

PayPal Trading Down 1.7 %

NASDAQ PYPL traded down $1.50 on Friday, hitting $86.16. 386,228 shares of the company were exchanged, compared to its average volume of 11,510,406. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.23 and a quick ratio of 1.23. PayPal Holdings, Inc. has a twelve month low of $67.58 and a twelve month high of $279.95. The company’s 50 day moving average price is $91.86 and its 200-day moving average price is $90.61. The firm has a market capitalization of $99.64 billion, a P/E ratio of 49.97, a price-to-earnings-growth ratio of 1.95 and a beta of 1.45.

PayPal (NASDAQ:PYPLGet Rating) last released its earnings results on Tuesday, August 2nd. The credit services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.11. PayPal had a return on equity of 16.79% and a net margin of 7.79%. The company had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.76 billion. Analysts predict that PayPal Holdings, Inc. will post 2.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on PYPL. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and increased their price objective for the company from $94.00 to $114.00 in a research note on Wednesday, August 31st. Wolfe Research cut shares of PayPal from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 20th. Deutsche Bank Aktiengesellschaft raised their price target on shares of PayPal from $114.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, September 12th. KeyCorp raised their target price on shares of PayPal from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 3rd. Finally, Wells Fargo & Company decreased their target price on shares of PayPal from $123.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday, September 8th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and thirty have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $134.23.

PayPal Company Profile

(Get Rating)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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