Mufg Securities Americas Inc. Invests $1.26 Million in PayPal Holdings, Inc. (NASDAQ:PYPL)

Mufg Securities Americas Inc. bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,799 shares of the credit services provider's stock, valued at approximately $1,263,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nissay Asset Management Corp Japan ADV boosted its holdings in shares of PayPal by 2.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 219,402 shares of the credit services provider's stock valued at $19,057,000 after acquiring an additional 6,109 shares during the last quarter. NorthRock Partners LLC grew its position in PayPal by 139.5% in the 4th quarter. NorthRock Partners LLC now owns 10,148 shares of the credit services provider's stock worth $866,000 after purchasing an additional 5,911 shares during the period. Minot DeBlois Advisors LLC purchased a new stake in PayPal during the 4th quarter valued at $1,097,000. Napa Wealth Management bought a new position in shares of PayPal during the 4th quarter valued at $1,091,000. Finally, LRT Capital Management LLC purchased a new position in shares of PayPal in the 4th quarter worth $411,000. Institutional investors own 68.32% of the company's stock.

PayPal Stock Up 0.9%

NASDAQ:PYPL traded up $0.61 during midday trading on Friday, reaching $72.18. The company had a trading volume of 8,703,318 shares, compared to its average volume of 11,251,938. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The firm has a market capitalization of $70.20 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 1.27 and a beta of 1.51. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock's fifty day simple moving average is $65.99 and its 200-day simple moving average is $77.40.

PayPal (NASDAQ:PYPL - Get Free Report) last announced 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 return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. During the same period in the previous year, the company posted $1.08 earnings per share. The business's revenue for the quarter was up 1.2% on a year-over-year basis. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the transaction, the director now directly owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. This represents a 7.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lowered their target price on PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a report on Monday, March 31st. Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a research note on Wednesday, April 30th. Canaccord Genuity Group restated a "buy" rating and set a $96.00 target price on shares of PayPal in a research report on Wednesday, April 30th. Robert W. Baird increased their price target on shares of PayPal from $78.00 to $79.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Finally, Bank of America cut their price objective on shares of PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, PayPal has an average rating of "Moderate Buy" and a consensus price target of $83.68.

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.