DekaBank Deutsche Girozentrale Has $36.06 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

DekaBank Deutsche Girozentrale lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 1.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 567,496 shares of the credit services provider's stock after purchasing an additional 5,698 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.06% of PayPal worth $36,059,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in PYPL. Avalon Trust Co raised its holdings in PayPal by 7.0% during the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock worth $176,000 after purchasing an additional 135 shares during the last quarter. Security National Bank of SO Dak increased its stake in PayPal by 1.1% during the fourth quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider's stock worth $1,041,000 after acquiring an additional 137 shares during the last quarter. Cohen & Steers Inc. grew its stake in shares of PayPal by 5.1% in the fourth quarter. Cohen & Steers Inc. now owns 3,016 shares of the credit services provider's stock valued at $257,000 after buying an additional 145 shares in the last quarter. Redwood Financial Network Corp grew its stake in shares of PayPal by 4.8% in the fourth quarter. Redwood Financial Network Corp now owns 3,208 shares of the credit services provider's stock valued at $274,000 after buying an additional 147 shares in the last quarter. Finally, Strategic Blueprint LLC grew its stake in PayPal by 4.4% during the 1st quarter. Strategic Blueprint LLC now owns 3,747 shares of the credit services provider's stock valued at $245,000 after purchasing an additional 157 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Down 1.4%

Shares of PYPL stock traded down $1.08 during trading hours on Friday, hitting $74.62. 2,935,470 shares of the company were exchanged, compared to its average volume of 10,798,082. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 1.30. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The business's 50-day simple moving average is $72.23 and its two-hundred day simple moving average is $73.87. The stock has a market capitalization of $72.57 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 1.22 and a beta of 1.45.

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

Analyst Ratings Changes

A number of research firms recently issued reports on PYPL. Barclays reduced their price objective on PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Bank of America cut their target price on PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. UBS Group lowered their target price on PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods decreased their price target on PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a research note on Monday, March 31st. Finally, Piper Sandler upgraded PayPal to a "neutral" rating and set a $74.00 price target for the company in a research note on Tuesday, June 24th. 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $83.42.

Insiders Place Their Bets

In other PayPal news, EVP Diego Scotti sold 3,839 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $281,168.36. Following the completion of the sale, the executive vice president owned 16,989 shares in the company, valued at $1,244,274.36. This represents a 18.43% decrease in their position. The transaction 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 the firm's stock in a transaction on 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 owned 48,483 shares in the company, valued at $3,550,894.92. This represents a 7.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,796 shares of company stock worth $863,028 in the last quarter. 0.08% of the stock is currently owned by corporate insiders.

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.