DekaBank Deutsche Girozentrale Acquires 73,687 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

DekaBank Deutsche Girozentrale lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 9.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 847,006 shares of the credit services provider's stock after buying an additional 73,687 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.08% of PayPal worth $53,344,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Moneta Group Investment Advisors LLC grew its position in shares of PayPal by 110,462.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 17,136,071 shares of the credit services provider's stock worth $1,220,431,000 after acquiring an additional 17,120,572 shares in the last quarter. Norges Bank acquired a new position in PayPal in the fourth quarter worth $1,022,333,000. Clearbridge Investments LLC increased its stake in PayPal by 122.0% during the first quarter. Clearbridge Investments LLC now owns 6,230,481 shares of the credit services provider's stock valued at $720,555,000 after purchasing an additional 3,424,122 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of PayPal by 36.2% during the second quarter. Nuveen Asset Management LLC now owns 10,771,095 shares of the credit services provider's stock worth $718,755,000 after purchasing an additional 2,862,766 shares during the period. Finally, Nordea Investment Management AB lifted its position in shares of PayPal by 420.6% in the 3rd quarter. Nordea Investment Management AB now owns 3,238,980 shares of the credit services provider's stock worth $190,371,000 after buying an additional 2,616,774 shares during the last quarter. Institutional investors own 68.32% of the company's stock.

PayPal Stock Up 0.9 %

PYPL traded up $0.61 on Friday, reaching $65.15. 7,981,715 shares of the company traded hands, compared to its average volume of 12,309,223. The company has a market cap of $69.82 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 1.47 and a beta of 1.45. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. The stock's 50 day moving average price is $61.79 and its 200-day moving average price is $59.52. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $77.95.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The business had revenue of $8.03 billion for the quarter, compared to analysts' expectations of $7.88 billion. During the same period in the previous year, the company posted $1.01 EPS. PayPal's revenue was up 8.7% on a year-over-year basis. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 3.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PYPL. Wedbush reaffirmed an "outperform" rating and set a $85.00 target price on shares of PayPal in a report on Thursday, February 8th. JMP Securities reaffirmed a "market outperform" rating and issued a $68.00 target price on shares of PayPal in a research report on Thursday, February 8th. DZ Bank downgraded shares of PayPal from a "buy" rating to a "hold" rating and set a $60.00 price target for the company. in a report on Friday, February 9th. Canaccord Genuity Group dropped their price objective on shares of PayPal from $100.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, February 8th. Finally, Susquehanna boosted their target price on shares of PayPal from $61.00 to $65.00 and gave the company a "neutral" rating in a research note on Wednesday, January 24th. Twenty-three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $70.47.

Insider Transactions at PayPal

In related news, SVP Frank Keller sold 7,686 shares of the firm's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the transaction, the senior vice president now owns 23,430 shares of the company's stock, valued at $1,420,795.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.14% 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.