Deutsche Bank AG Sells 610,859 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Deutsche Bank AG lowered its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,439,888 shares of the credit services provider's stock after selling 610,859 shares during the quarter. Deutsche Bank AG owned approximately 0.95% of PayPal worth $805,694,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in PayPal by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider's stock worth $1,849,884,000 after acquiring an additional 271,836 shares during the last quarter. FMR LLC lifted its position in PayPal by 12.9% during the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock worth $1,615,134,000 after buying an additional 2,161,582 shares in the last quarter. Capital Research Global Investors grew its holdings in PayPal by 108.2% during the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock worth $1,529,823,000 after acquiring an additional 9,313,783 shares during the last quarter. Norges Bank acquired a new stake in PayPal in the 4th quarter valued at about $1,086,508,000. Finally, Northern Trust Corp raised its stake in shares of PayPal by 19.0% in the fourth quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider's stock worth $892,953,000 after acquiring an additional 1,669,908 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

PayPal Stock Down 0.3 %

Shares of NASDAQ:PYPL traded down $0.22 during trading on Friday, hitting $70.26. 7,467,331 shares of the company were exchanged, compared to its average volume of 11,242,049. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The stock has a market cap of $68.33 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 1.27 and a beta of 1.51. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average price of $65.65 and a two-hundred day moving average price of $77.72.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. During the same period in the prior year, the firm posted $1.08 earnings per share. The company's quarterly revenue was up 1.2% compared to the same quarter last year. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now directly owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on PYPL shares. Keefe, Bruyette & Woods lowered their target price on PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a research note on Monday, March 31st. Royal Bank of Canada dropped their price objective on PayPal from $104.00 to $88.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Compass Point began coverage on shares of PayPal in a research report on Wednesday, April 23rd. They set a "sell" rating and a $56.00 price target for the company. BMO Capital Markets cut their price objective on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating on the stock in a report on Wednesday, April 30th. Finally, Seaport Res Ptn lowered shares of PayPal from a "hold" rating to a "strong sell" rating in a report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, PayPal has a consensus rating of "Moderate Buy" and an average price target of $83.68.

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.