Deutsche Bank AG Has $733.29 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Key Points

• Deutsche Bank AG increased its holdings in PayPal by 19.1% in the 1st quarter, now owning approximately 11.24 million shares valued at $733.29 million.
• PayPal's recent earnings report revealed an EPS of $1.40, surpassing analysts' expectations of $1.30, with revenue of $8.29 billion for the quarter.
• Insider transactions show significant sales, with insiders selling 22,736 shares totaling $1.62 million, indicating a 0.08% corporate insider ownership of the stock.

Deutsche Bank AG grew its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 19.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 11,238,218 shares of the credit services provider's stock after acquiring an additional 1,798,330 shares during the period. Deutsche Bank AG owned about 1.16% of PayPal worth $733,294,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PYPL. Mpwm Advisory Solutions LLC bought a new stake in shares of PayPal in the 4th quarter valued at $25,000. Bernard Wealth Management Corp. bought a new position in PayPal during the fourth quarter worth $34,000. Pinney & Scofield Inc. acquired a new position in PayPal in the fourth quarter valued at $35,000. Evermay Wealth Management LLC lifted its holdings in PayPal by 726.0% in the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock valued at $27,000 after buying an additional 363 shares during the period. Finally, Garde Capital Inc. bought a new stake in PayPal during the first quarter valued at $28,000. Institutional investors and hedge funds own 68.32% of the company's stock.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $69.42 on Thursday. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. 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 firm has a market capitalization of $66.32 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 1.04 and a beta of 1.42. The company's fifty day moving average price is $72.99 and its 200-day moving average price is $71.96.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 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 for the quarter, compared to analysts' expectations of $8.08 billion. During the same quarter in the prior year, the firm earned $1.19 earnings per share. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Transactions at PayPal

In other news, insider Suzan Kereere sold 4,162 shares of the business's 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 $304,824.88. Following the completion of the sale, the insider directly owned 48,483 shares in the company, valued at approximately $3,550,894.92. The trade was a 7.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Deborah M. Messemer sold 3,795 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the sale, the director directly owned 13,976 shares of the company's stock, valued at $1,020,248. This trade represents a 21.36% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,736 shares of company stock valued at $1,620,835. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. JMP Securities decreased their target price on PayPal from $110.00 to $100.00 and set a "market outperform" rating for the company in a research note on Wednesday, July 30th. Bank of America lowered their target price on shares of PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Wall Street Zen upgraded shares of PayPal from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. UBS Group cut 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. Finally, Compass Point started 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. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $84.57.

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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