PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 14.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 435,276 shares of the credit services provider's stock after buying an additional 53,886 shares during the quarter. Asset Management One Co. Ltd.'s holdings in PayPal were worth $28,402,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of PayPal in the 4th quarter valued at $1,086,508,000. Capital Research Global Investors increased its holdings in PayPal by 108.2% in the fourth quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock valued at $1,529,823,000 after buying an additional 9,313,783 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in PayPal by 284.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider's stock valued at $666,100,000 after buying an additional 5,772,198 shares in the last quarter. FMR LLC lifted its holdings in PayPal by 12.9% during the 4th 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 during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of PayPal by 124.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,497,415 shares of the credit services provider's stock worth $228,206,000 after acquiring an additional 1,936,520 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PYPL. BMO Capital Markets cut their target price on PayPal from $83.00 to $79.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 30th. Robert W. Baird lifted their price target on shares of PayPal from $78.00 to $79.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. DZ Bank raised PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a research report on Friday, February 28th. Wells Fargo & Company cut their price target on PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Royal Bank Of Canada reduced their price objective on PayPal from $104.00 to $88.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $83.42.

Insider Buying and Selling

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $304,824.88. Following the sale, the insider now directly owns 48,483 shares in the company, valued at approximately $3,550,894.92. The trade was a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Diego Scotti sold 3,839 shares of PayPal 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 of the company's stock, valued at $1,244,274.36. This trade represents a 18.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,796 shares of company stock worth $863,028 in the last quarter. Company insiders own 0.08% of the company's stock.

PayPal Price Performance

Shares of NASDAQ PYPL traded down $0.51 during trading on Wednesday, hitting $73.07. 7,836,403 shares of the company were exchanged, compared to its average volume of 10,997,465. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The company has a market cap of $71.06 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 1.19 and a beta of 1.45. The firm's fifty day moving average price is $69.40 and its 200 day moving average price is $74.93.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The firm had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. During the same quarter in the previous year, the firm earned $1.08 earnings per share. The firm's revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

PayPal Profile

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.