KBC Group NV Acquires 263,718 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

KBC Group NV increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 51.1% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 780,288 shares of the credit services provider's stock after buying an additional 263,718 shares during the quarter. KBC Group NV owned about 0.08% of PayPal worth $50,913,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Mpwm Advisory Solutions LLC bought a new stake in shares of PayPal during the 4th quarter valued at about $25,000. Hurley Capital LLC bought a new stake in shares of PayPal during the 4th quarter valued at about $27,000. Garde Capital Inc. bought a new stake in shares of PayPal during the 1st quarter valued at about $28,000. Tsfg LLC grew its stake 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 purchasing an additional 200 shares during the period. Finally, Bernard Wealth Management Corp. bought a new stake in shares of PayPal during the 4th quarter valued at about $34,000. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Performance

NASDAQ:PYPL opened at $73.64 on Monday. The stock's fifty day moving average is $70.16 and its 200 day moving average is $74.48. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The firm has a market capitalization of $71.62 billion, a PE ratio of 16.47, a PEG ratio of 1.22 and a beta of 1.45. 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 (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.17. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The company had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. During the same quarter in the prior year, the firm posted $1.08 EPS. PayPal's quarterly revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PYPL shares. Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a research note on Wednesday, April 30th. Evercore ISI started coverage on PayPal in a research note on Wednesday, April 9th. They set an "in-line" rating and a $65.00 price objective for the company. Compass Point started coverage on PayPal in a research note on Wednesday, April 23rd. They set a "sell" rating and a $56.00 price objective for the company. Barclays cut their price objective on PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, Monness Crespi & Hardt cut their price objective on PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, PayPal has an average rating of "Hold" and a consensus price target of $83.42.

Insider Buying and Selling at PayPal

In other news, Director Deborah M. Messemer sold 3,795 shares of the 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 transaction, the director now owns 13,976 shares of the company's stock, valued at approximately $1,020,248. This represents a 21.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Diego Scotti sold 3,839 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 16,989 shares in the company, valued at $1,244,274.36. The trade was a 18.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,796 shares of company stock valued at $863,028 in the last quarter. 0.08% of the stock is owned by 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.

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