PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Norinchukin Bank The

Norinchukin Bank The reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 117,222 shares of the credit services provider’s stock after selling 6,731 shares during the period. Norinchukin Bank The’s holdings in PayPal were worth $22,106,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC increased its position in shares of PayPal by 20.6% during the 4th quarter. Fisher Asset Management LLC now owns 14,468,988 shares of the credit services provider’s stock valued at $2,728,562,000 after purchasing an additional 2,476,199 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in PayPal during the 4th quarter worth approximately $253,727,000. UBS Asset Management Americas Inc. increased its holdings in PayPal by 19.2% in the third quarter. UBS Asset Management Americas Inc. now owns 7,277,858 shares of the credit services provider’s stock valued at $1,893,771,000 after buying an additional 1,172,815 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in PayPal by 38.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,449,276 shares of the credit services provider’s stock worth $897,536,000 after purchasing an additional 950,699 shares in the last quarter. Finally, Clear Street LLC acquired a new stake in PayPal in the 4th quarter valued at $179,152,000. 75.90% of the stock is owned by institutional investors and hedge funds.

In other news, Director Enrique Lores purchased 1,100 shares of the business’s stock in a transaction on Wednesday, May 4th. The shares were bought at an average price of $88.13 per share, with a total value of $96,943.00. Following the completion of the transaction, the director now directly owns 5,235 shares in the company, valued at approximately $461,360.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jonathan Auerbach sold 40,749 shares of the firm’s stock in a transaction that occurred on Friday, March 4th. The shares were sold at an average price of $100.62, for a total value of $4,100,164.38. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Several analysts have recently issued reports on PYPL shares. Canaccord Genuity Group lowered their price target on shares of PayPal from $315.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday, February 2nd. William Blair reaffirmed an “outperform” rating on shares of PayPal in a research note on Wednesday, April 27th. Loop Capital lowered their price target on shares of PayPal from $212.00 to $138.00 in a report on Thursday, April 28th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of PayPal from $260.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, February 2nd. Finally, JMP Securities decreased their price target on shares of PayPal from $260.00 to $198.00 and set an “outperform” rating for the company in a research report on Wednesday, February 2nd. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirty have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $152.83.

PYPL traded down $0.88 during midday trading on Thursday, reaching $74.29. 29,311,485 shares of the company were exchanged, compared to its average volume of 21,456,119. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.19 and a current ratio of 1.19. PayPal Holdings, Inc. has a one year low of $71.83 and a one year high of $310.16. The stock’s 50-day simple moving average is $101.33 and its 200 day simple moving average is $148.33. The stock has a market capitalization of $86.03 billion, a P/E ratio of 24.52, a PEG ratio of 1.74 and a beta of 1.39.

PayPal (NASDAQ:PYPLGet Rating) last released its quarterly earnings results on Wednesday, April 27th. The credit services provider reported $0.88 earnings per share for the quarter, meeting the consensus estimate of $0.88. PayPal had a return on equity of 17.90% and a net margin of 13.87%. During the same quarter in the previous year, the business posted $0.91 EPS. On average, research analysts anticipate that PayPal Holdings, Inc. will post 2.7 earnings per share for the current year.

PayPal 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.

Further Reading

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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