PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Position Decreased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 6.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 379,599 shares of the credit services provider's stock after selling 26,600 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in PayPal were worth $24,769,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PYPL. J. Goldman & Co LP lifted its holdings in shares of PayPal by 11.9% in the 4th quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider's stock worth $22,304,000 after purchasing an additional 27,812 shares during the last quarter. Nikko Asset Management Americas Inc. lifted its stake in PayPal by 2.7% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider's stock valued at $59,489,000 after buying an additional 18,172 shares during the last quarter. ExodusPoint Capital Management LP lifted its stake in PayPal by 223.1% in the fourth quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider's stock valued at $22,622,000 after buying an additional 183,011 shares during the last quarter. StoneX Group Inc. grew its position in shares of PayPal by 70.4% during the fourth quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider's stock worth $2,326,000 after acquiring an additional 11,260 shares during the last quarter. Finally, Ring Mountain Capital LLC acquired a new stake in shares of PayPal in the 4th quarter worth about $581,000. Institutional investors own 68.32% of the company's stock.

Insider Buying and Selling at PayPal

In other PayPal news, insider Suzan Kereere sold 4,162 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 $304,824.88. Following the completion of the sale, the insider now owns 48,483 shares in the company, valued at $3,550,894.92. This represents a 7.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the transaction, the director now directly owns 13,976 shares in the company, valued at $1,020,248. This trade represents a 21.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,796 shares of company stock valued at $863,028 in the last 90 days. 0.08% of the stock is currently owned by corporate insiders.

PayPal Stock Performance

Shares of PYPL opened at $70.83 on Monday. The company has a 50-day moving average of $68.14 and a two-hundred day moving average of $75.67. The stock has a market cap of $68.88 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.27 and a beta of 1.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. PayPal Holdings, Inc. has a one year low of $55.85 and a one year 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 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. During the same quarter last year, the business posted $1.08 EPS. The company's revenue was up 1.2% on a year-over-year basis. On average, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PYPL. Macquarie cut their price target on PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. 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 note on Wednesday, April 30th. Truist Financial began coverage on PayPal in a research report on Monday, June 2nd. They set a "sell" rating and a $68.00 price target for the company. Wall Street Zen raised PayPal from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a $96.00 price objective on shares of PayPal in a report on Wednesday, April 30th. Three investment 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 company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $83.29.

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.

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