ASR Vermogensbeheer N.V. Takes Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Key Points

• ASR Vermogensbeheer N.V. has taken a new position in PayPal Holdings, acquiring approximately $6.63 million by purchasing 101,589 shares of the company in the 1st quarter.
• PayPal's recent quarterly earnings showed a reported $1.40 earnings per share, exceeding analyst expectations, and its revenue reached $8.29 billion.
• Currently, institutional investors hold approximately 68.32% of PayPal's stock, reflecting significant investment interest in the company.

ASR Vermogensbeheer N.V. purchased a new position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 101,589 shares of the credit services provider's stock, valued at approximately $6,628,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC acquired a new position in PayPal during the fourth quarter valued at approximately $25,000. Evermay Wealth Management LLC increased its position in shares of PayPal by 726.0% in the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock worth $27,000 after acquiring an additional 363 shares in the last quarter. Garde Capital Inc. purchased a new position in shares of PayPal in the 1st quarter valued at $28,000. Tsfg LLC lifted its holdings in shares of PayPal by 81.6% during the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock valued at $29,000 after acquiring an additional 200 shares in the last quarter. Finally, Bernard Wealth Management Corp. purchased a new stake in PayPal during the 4th quarter worth $34,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Performance

NASDAQ:PYPL traded down $0.57 during midday trading on Friday, reaching $67.65. 9,663,964 shares of the company traded hands, compared to its average volume of 13,469,648. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The firm has a market capitalization of $64.63 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 1.05 and a beta of 1.42. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. The company has a fifty day moving average price of $72.94 and a 200 day moving average price of $71.80.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.30 by $0.10. PayPal had a return on equity of 25.35% and a net margin of 14.49%. The business had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.08 billion. During the same quarter in the previous year, the firm posted $1.19 EPS. On average, analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on PYPL shares. Seaport Res Ptn raised shares of PayPal from a "strong sell" rating to a "hold" rating in a research report on Monday, July 14th. Barclays reiterated an "overweight" rating on shares of PayPal in a report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft set a $75.00 target price on PayPal in a report on Tuesday, July 29th. UBS Group dropped their target price on PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Finally, Piper Sandler set a $74.00 target price on PayPal in a report on Tuesday, July 29th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $84.57.

Insiders Place Their Bets

In other PayPal news, Director Deborah M. Messemer sold 3,795 shares of PayPal stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.00, for a total transaction of $277,035.00. Following the sale, the director owned 13,976 shares of the company's stock, valued at $1,020,248. The trade was a 21.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $304,824.88. Following the sale, the insider directly owned 48,483 shares in the company, valued at $3,550,894.92. The trade was a 7.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,736 shares of company stock worth $1,620,835 over the last 90 days. Insiders own 0.08% of the company's stock.

About PayPal

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.