Keybank National Association OH Raises Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Keybank National Association OH raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 651.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,047 shares of the credit services provider's stock after buying an additional 200,301 shares during the period. Keybank National Association OH's holdings in PayPal were worth $15,076,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC raised its position in PayPal by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider's stock worth $1,849,884,000 after acquiring an additional 271,836 shares during the last quarter. FMR LLC grew its position in shares of PayPal by 12.9% during the fourth quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock worth $1,615,134,000 after buying an additional 2,161,582 shares in the last quarter. Capital Research Global Investors grew its position in shares of PayPal by 108.2% in the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock worth $1,529,823,000 after acquiring an additional 9,313,783 shares in the last quarter. Norges Bank bought a new position in shares of PayPal during the fourth quarter valued at approximately $1,086,508,000. Finally, Northern Trust Corp grew its position in PayPal by 19.0% in the 4th quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider's stock worth $892,953,000 after purchasing an additional 1,669,908 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Analysts Set New Price Targets

PYPL has been the topic of several research reports. Seaport Res Ptn cut PayPal from a "hold" rating to a "strong sell" rating in a report on Thursday, April 17th. Arete Research set a $81.00 price objective on PayPal in a research report on Thursday, March 27th. Wall Street Zen raised shares of PayPal from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Monness Crespi & Hardt reduced their price objective on PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Compass Point assumed coverage on PayPal in a research note on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, PayPal currently has a consensus rating of "Hold" and an average price target of $83.42.

PayPal Trading Up 0.1%

NASDAQ:PYPL traded up $0.10 during mid-day trading on Thursday, hitting $76.41. 5,263,390 shares of the company's stock were exchanged, compared to its average volume of 10,856,809. The firm has a market capitalization of $74.31 billion, a P/E ratio of 17.09, a PEG ratio of 1.23 and a beta of 1.45. The company has a 50 day simple moving average of $70.99 and a 200-day simple moving average of $74.38. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.17. The firm 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%. The business's quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the company posted $1.08 EPS. As a group, research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Transactions at PayPal

In other PayPal news, EVP Diego Scotti sold 3,839 shares of the business'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 $281,168.36. Following the completion of the sale, the executive vice president owned 16,989 shares in the company, valued at approximately $1,244,274.36. The trade was a 18.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $304,824.88. Following the transaction, the insider owned 48,483 shares of the company's stock, valued at $3,550,894.92. This trade represents a 7.91% 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 over the last ninety days. 0.08% of the stock is owned by company 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.