Robeco Institutional Asset Management B.V. Acquires 737,296 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Robeco Institutional Asset Management B.V. lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 17.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,970,637 shares of the credit services provider's stock after purchasing an additional 737,296 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.50% of PayPal worth $324,334,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of PayPal by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider's stock valued at $1,849,884,000 after purchasing an additional 271,836 shares in the last quarter. FMR LLC raised its stake in shares of PayPal by 12.9% in the fourth quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock valued at $1,615,134,000 after purchasing an additional 2,161,582 shares in the last quarter. Capital Research Global Investors raised its stake in shares of 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 purchasing an additional 9,313,783 shares in the last quarter. Norges Bank acquired a new position in shares of PayPal in the fourth quarter valued at $1,086,508,000. Finally, Northern Trust Corp raised its stake in shares of PayPal by 19.0% in the fourth quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider's stock valued at $892,953,000 after purchasing an additional 1,669,908 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PYPL has been the subject of a number of recent research reports. Citigroup cut their target price on PayPal from $98.00 to $95.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. 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. Wall Street Zen upgraded PayPal from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Bank of America dropped their price objective on PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Barclays dropped 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. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, PayPal has a consensus rating of "Hold" and an average price target of $83.42.

PayPal Price Performance

PayPal stock opened at $73.07 on Thursday. The business's 50-day simple moving average is $69.66 and its 200 day simple moving average is $74.91. The stock has a market cap of $71.06 billion, a price-to-earnings ratio of 16.35, a P/E/G ratio of 1.22 and a beta of 1.45. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.56.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.17. The business had revenue of $7.79 billion for the quarter, compared to analysts' expectations of $7.84 billion. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.08 earnings per share. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insiders Place Their Bets

In other PayPal news, Director Deborah M. Messemer sold 3,795 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $1,020,248. This trade represents a 21.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Diego Scotti sold 3,839 shares of the firm's stock in a transaction dated 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 owns 16,989 shares in the company, valued at approximately $1,244,274.36. This trade represents a 18.43% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,796 shares of company stock worth $863,028. Insiders own 0.08% of the company's stock.

PayPal Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.