China Universal Asset Management Co. Ltd. Buys 8,118 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

China Universal Asset Management Co. Ltd. raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 49.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,433 shares of the credit services provider's stock after buying an additional 8,118 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in PayPal were worth $1,594,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. J. Goldman & Co LP grew its position in shares of PayPal by 11.9% in the 4th quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider's stock valued at $22,304,000 after buying an additional 27,812 shares during the last quarter. Nikko Asset Management Americas Inc. lifted its stake in shares of PayPal by 2.7% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider's stock valued at $59,489,000 after purchasing an additional 18,172 shares during the period. ExodusPoint Capital Management LP lifted its stake in shares of PayPal by 223.1% in the 4th quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider's stock valued at $22,622,000 after purchasing an additional 183,011 shares during the period. StoneX Group Inc. lifted its stake in shares of PayPal by 70.4% in the 4th quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider's stock valued at $2,326,000 after purchasing an additional 11,260 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of PayPal by 17.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,634,664 shares of the credit services provider's stock valued at $651,619,000 after purchasing an additional 1,114,858 shares during the period. Institutional investors own 68.32% of the company's stock.

Insider Activity

In other news, EVP Diego Scotti sold 3,839 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $281,168.36. Following the completion of the transaction, the executive vice president directly owned 16,989 shares of the company's stock, valued at $1,244,274.36. This represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Deborah M. Messemer sold 3,795 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.00, for a total value of $277,035.00. Following the transaction, the director directly owned 13,976 shares of the company's stock, valued at approximately $1,020,248. This trade represents a 21.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,796 shares of company stock valued at $863,028 over the last three months. Corporate insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PYPL. Evercore ISI began coverage on PayPal in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 price objective on the stock. Compass Point began coverage on PayPal in a research note on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 price objective on the stock. Barclays dropped their price objective on PayPal from $110.00 to $80.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Macquarie dropped their price target on PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Finally, Wall Street Zen raised PayPal from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $83.42.

PayPal Stock Performance

PYPL stock opened at $76.18 on Tuesday. The firm has a market cap of $74.09 billion, a PE ratio of 17.04, a P/E/G ratio of 1.25 and a beta of 1.45. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The business has a 50 day moving average of $71.67 and a 200-day moving average of $73.94. 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 released its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.17. The company had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. PayPal had a return on equity of 24.59% and a net margin of 14.26%. PayPal's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 earnings per share. As a group, sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

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.

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