PayPal Holdings, Inc. (NASDAQ:PYPL) Position Boosted by Balyasny Asset Management LLC

Balyasny Asset Management LLC grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 439,947 shares of the credit services provider’s stock after buying an additional 28,591 shares during the period. Balyasny Asset Management LLC’s holdings in PayPal Holdings were worth $23,612,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Toronto Dominion Bank grew its stake in shares of PayPal Holdings by 56.7% in the first quarter. Toronto Dominion Bank now owns 309,077 shares of the credit services provider’s stock worth $13,295,000 after acquiring an additional 111,784 shares during the period. Warren Averett Asset Management LLC grew its stake in shares of PayPal Holdings by 90.8% in the first quarter. Warren Averett Asset Management LLC now owns 10,530 shares of the credit services provider’s stock worth $453,000 after acquiring an additional 5,010 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of PayPal Holdings by 96.2% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 17,972 shares of the credit services provider’s stock worth $775,000 after acquiring an additional 8,814 shares during the period. Sawtooth Solutions LLC grew its stake in shares of PayPal Holdings by 71.1% in the first quarter. Sawtooth Solutions LLC now owns 15,590 shares of the credit services provider’s stock worth $671,000 after acquiring an additional 6,479 shares during the period. Finally, Marble Harbor Investment Counsel LLC grew its stake in shares of PayPal Holdings by 8.0% in the first quarter. Marble Harbor Investment Counsel LLC now owns 127,905 shares of the credit services provider’s stock worth $5,502,000 after acquiring an additional 9,475 shares during the period. 82.47% of the stock is owned by institutional investors and hedge funds.

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In related news, EVP Gary J. Marino sold 1,351 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $59.00, for a total value of $79,709.00. Following the transaction, the executive vice president now owns 37,492 shares in the company, valued at $2,212,028. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO William J. Ready sold 90,000 shares of the business’s 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 completion of the transaction, the chief operating officer now owns 29,252 shares in the company, valued at approximately $1,733,181. The disclosure for this sale can be found here. In the last three months, insiders sold 261,351 shares of company stock worth $15,302,809. 6.00% of the stock is currently owned by insiders.

A number of analysts have recently commented on the stock. Vetr upgraded shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $54.78 price target for the company in a research note on Wednesday, June 21st. Citigroup Inc. restated a “buy” rating and set a $67.00 target price (up from $62.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Stephens boosted their target price on shares of PayPal Holdings from $65.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday. Craig Hallum restated a “buy” rating and set a $83.00 target price (up from $67.00) on shares of PayPal Holdings in a research report on Tuesday. Finally, KeyCorp restated an “overweight” rating and set a $75.00 target price (up from $70.00) on shares of PayPal Holdings in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $65.45.

PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The company had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the previous year, the firm posted $0.36 earnings per share. PayPal Holdings’s revenue for the quarter was up 18.3% on a year-over-year basis.

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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