PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Flossbach Von Storch AG

Flossbach Von Storch AG cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 11.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,197,674 shares of the credit services provider's stock after selling 156,715 shares during the quarter. Flossbach Von Storch AG owned 0.11% of PayPal worth $73,549,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. State Street Corp lifted its holdings in PayPal by 2.7% during the first quarter. State Street Corp now owns 45,423,344 shares of the credit services provider's stock valued at $3,449,434,000 after purchasing an additional 1,202,956 shares in the last quarter. Geode Capital Management LLC boosted its holdings in PayPal by 1.1% in the 1st quarter. Geode Capital Management LLC now owns 20,947,345 shares of the credit services provider's stock worth $1,586,966,000 after buying an additional 235,651 shares during the last quarter. Morgan Stanley increased its stake in PayPal by 4.5% during the 3rd quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider's stock worth $1,173,254,000 after buying an additional 873,181 shares in the last quarter. Moneta Group Investment Advisors LLC raised its holdings in shares of PayPal by 110,462.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 17,136,071 shares of the credit services provider's stock valued at $1,220,431,000 after acquiring an additional 17,120,572 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of PayPal in the fourth quarter valued at approximately $1,022,333,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at PayPal

In related news, SVP Frank Keller sold 7,686 shares of the firm's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the sale, the senior vice president now owns 23,430 shares in the company, valued at $1,420,795.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by company insiders.

PayPal Stock Performance

Shares of NASDAQ PYPL traded down $0.17 during trading hours on Wednesday, reaching $63.26. The stock had a trading volume of 7,851,482 shares, compared to its average volume of 16,725,729. The firm has a market cap of $66.59 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 1.44 and a beta of 1.45. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $77.94. The firm has a 50-day moving average of $62.15 and a 200-day moving average of $59.89. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $7.88 billion. During the same period last year, the firm posted $1.01 earnings per share. The company's revenue for the quarter was up 8.7% compared to the same quarter last year. Equities research analysts predict that PayPal Holdings, Inc. will post 3.93 earnings per share for the current year.

Analysts Set New Price Targets

PYPL has been the subject of several research reports. Wells Fargo & Company boosted their price target on PayPal from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Monday, January 29th. DZ Bank lowered shares of PayPal from a "buy" rating to a "hold" rating and set a $60.00 price target on the stock. in a research report on Friday, February 9th. Mizuho cut their price objective on shares of PayPal from $65.00 to $60.00 and set a "neutral" rating for the company in a report on Thursday, February 8th. Argus cut PayPal from a "buy" rating to a "hold" rating in a report on Friday, February 9th. Finally, Monness Crespi & Hardt dropped their price target on PayPal from $95.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, February 8th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, PayPal has a consensus rating of "Hold" and a consensus target price of $70.53.

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.

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