Tokio Marine Asset Management Co. Ltd. Sells 229 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Tokio Marine Asset Management Co. Ltd. cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168,068 shares of the credit services provider’s stock after selling 229 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in PayPal were worth $10,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Louisiana State Employees Retirement System bought a new stake in PayPal during the 4th quarter valued at approximately $9,267,000. Bartlett & Co. LLC boosted its position in PayPal by 8.5% during the 4th quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider’s stock valued at $594,000 after acquiring an additional 740 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in PayPal by 9.5% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider’s stock valued at $53,344,000 after acquiring an additional 73,687 shares in the last quarter. Sunbelt Securities Inc. boosted its position in PayPal by 4.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider’s stock valued at $1,183,000 after acquiring an additional 942 shares in the last quarter. Finally, Bellecapital International Ltd. boosted its position in PayPal by 2.0% during the 4th quarter. Bellecapital International Ltd. now owns 21,685 shares of the credit services provider’s stock valued at $1,332,000 after acquiring an additional 433 shares in the last quarter. 68.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. BMO Capital Markets lowered their target price on shares of PayPal from $65.00 to $60.00 and set a “market perform” rating for the company in a report on Thursday, February 8th. DZ Bank lowered shares of PayPal from a “buy” rating to a “hold” rating and set a $60.00 target price for the company. in a report on Friday, February 9th. JMP Securities lifted their target price on shares of PayPal from $68.00 to $70.00 and gave the company a “market outperform” rating in a report on Wednesday, April 17th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Finally, Wedbush restated an “outperform” rating and issued a $85.00 price objective on shares of PayPal in a report on Thursday, February 8th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, PayPal presently has an average rating of “Hold” and an average price target of $70.47.

Insider Buying and Selling at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the transaction, the senior vice president now owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is owned by insiders.

PayPal Stock Up 0.6 %

PYPL traded up $0.41 during trading on Wednesday, hitting $64.84. The stock had a trading volume of 8,173,079 shares, compared to its average volume of 16,305,638. The company has a market capitalization of $68.25 billion, a PE ratio of 16.89, a PEG ratio of 1.10 and a beta of 1.45. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a 50 day simple moving average of $62.65 and a two-hundred day simple moving average of $60.08.

PayPal (NASDAQ:PYPL) last announced its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.12. The company had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. PayPal’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the firm earned $1.01 earnings per share. On average, research analysts predict that PayPal Holdings, Inc. will post 4.02 earnings per share for the current year.

PayPal Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.