Achmea Investment Management B.V. Purchases 111,645 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Achmea Investment Management B.V. lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 120.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 204,280 shares of the credit services provider's stock after acquiring an additional 111,645 shares during the period. Achmea Investment Management B.V.'s holdings in PayPal were worth $13,330,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in PayPal by 15.2% in the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock valued at $596,000 after purchasing an additional 924 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in PayPal in the 4th quarter valued at approximately $248,000. IFP Advisors Inc lifted its stake in PayPal by 55.7% in the 4th quarter. IFP Advisors Inc now owns 12,220 shares of the credit services provider's stock valued at $1,043,000 after purchasing an additional 4,370 shares during the last quarter. Kovack Advisors Inc. lifted its stake in PayPal by 8.6% in the 4th quarter. Kovack Advisors Inc. now owns 8,157 shares of the credit services provider's stock valued at $696,000 after purchasing an additional 648 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in PayPal in the 4th quarter valued at approximately $18,445,000. Institutional investors own 68.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PYPL. Evercore ISI began coverage on shares of PayPal in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 price objective for the company. UBS Group dropped their price objective on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $96.00 price target on shares of PayPal in a research note on Wednesday, April 30th. Robert W. Baird raised their price target on shares of PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Finally, Compass Point assumed coverage on shares of PayPal in a research note on Wednesday, April 23rd. They set a "sell" rating and a $56.00 price target for the company. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $83.42.

Insiders Place Their Bets

In other news, EVP Diego Scotti sold 3,839 shares of PayPal stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $281,168.36. Following the completion of the transaction, the executive vice president now directly owns 16,989 shares in the company, valued at $1,244,274.36. This trade represents a 18.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $304,824.88. Following the transaction, the insider now owns 48,483 shares of the company's stock, valued at $3,550,894.92. This represents a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,796 shares of company stock worth $863,028. 0.08% of the stock is currently owned by company insiders.

PayPal Trading Up 0.6%

NASDAQ:PYPL opened at $73.64 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $71.62 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 1.21 and a beta of 1.45. The firm has a fifty day simple moving average of $70.16 and a two-hundred day simple moving average of $74.69. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. The business had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.84 billion. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The business's quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the company posted $1.08 earnings per share. Analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

PayPal Company 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.

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