Jackson Square Partners LLC Reduces Position in PayPal Holdings, Inc. (PYPL)

Jackson Square Partners LLC decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,500,442 shares of the credit services provider’s stock after selling 1,667,264 shares during the quarter. PayPal Holdings accounts for about 5.6% of Jackson Square Partners LLC’s investment portfolio, making the stock its largest holding. Jackson Square Partners LLC owned approximately 1.70% of PayPal Holdings worth $1,100,258,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in PYPL. Mosaic Family Wealth LLC lifted its stake in PayPal Holdings by 16.3% in the first quarter. Mosaic Family Wealth LLC now owns 11,170 shares of the credit services provider’s stock valued at $481,000 after buying an additional 1,567 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of PayPal Holdings by 29.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 83,306 shares of the credit services provider’s stock valued at $3,584,000 after purchasing an additional 18,977 shares in the last quarter. Zevin Asset Management LLC raised its stake in shares of PayPal Holdings by 3.3% during the first quarter. Zevin Asset Management LLC now owns 15,283 shares of the credit services provider’s stock valued at $657,000 after purchasing an additional 490 shares in the last quarter. Fundsmith LLP raised its stake in shares of PayPal Holdings by 4.5% during the first quarter. Fundsmith LLP now owns 13,161,285 shares of the credit services provider’s stock valued at $566,198,000 after purchasing an additional 565,992 shares in the last quarter. Finally, Toronto Dominion Bank raised its stake in shares of PayPal Holdings by 56.7% during the first quarter. Toronto Dominion Bank now owns 309,077 shares of the credit services provider’s stock valued at $13,295,000 after purchasing an additional 111,784 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

PayPal Holdings, Inc. (NASDAQ:PYPL) opened at 67.31 on Tuesday. The company has a market capitalization of $80.93 billion, a P/E ratio of 54.28 and a beta of 0.98. PayPal Holdings, Inc. has a 1-year low of $38.06 and a 1-year high of $69.61. The firm has a 50-day moving average price of $64.38 and a 200-day moving average price of $64.38.

PayPal Holdings (NASDAQ:PYPL) last posted its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the previous year, the firm posted $0.36 EPS. The firm’s revenue was up 18.3% on a year-over-year basis. On average, analysts forecast that PayPal Holdings, Inc. will post $1.84 EPS for the current fiscal year.

In related news, EVP Gary J. Marino sold 1,351 shares of PayPal Holdings stock in a transaction on Tuesday, August 1st. The shares were 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 transaction was disclosed in a filing with the SEC, which can be accessed 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 stock was sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the completion of the sale, 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 have sold 261,351 shares of company stock valued at $15,302,809. Insiders own 6.00% of the company’s stock.

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A number of equities analysts recently weighed in on the company. Piper Jaffray Companies reissued a “neutral” rating and issued a $68.00 price target (up previously from $57.00) on shares of PayPal Holdings in a research note on Friday. Jefferies Group LLC lifted their target price on PayPal Holdings from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Friday. Mizuho reaffirmed a “hold” rating and set a $50.00 target price on shares of PayPal Holdings in a research note on Sunday. Nomura lifted their price target on PayPal Holdings from $68.00 to $75.00 and gave the company a “buy” rating in a report on Monday. Finally, Stifel Nicolaus set a $61.00 price target on PayPal Holdings and gave the company a “hold” rating in a report on Monday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $65.14.

About PayPal Holdings

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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