OVERSEA CHINESE BANKING Corp Ltd Buys 16,895 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 381,531 shares of the credit services provider's stock after purchasing an additional 16,895 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in PayPal were worth $23,426,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC lifted its holdings in PayPal by 110,462.4% in the fourth 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 purchasing an additional 17,120,572 shares during the period. Norges Bank acquired a new stake in PayPal during the 4th quarter worth about $1,022,333,000. Clearbridge Investments LLC increased its holdings in shares of PayPal by 122.0% in the 1st 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 period. Nuveen Asset Management LLC increased its holdings in shares of PayPal by 36.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 10,771,095 shares of the credit services provider's stock valued at $718,755,000 after purchasing an additional 2,862,766 shares during the period. Finally, Nordea Investment Management AB increased its holdings 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 valued at $190,371,000 after purchasing an additional 2,616,774 shares during the period. Institutional investors own 68.32% of the company's stock.

PayPal Trading Up 0.3 %

PayPal stock traded up $0.21 during mid-day trading on Friday, hitting $62.31. The stock had a trading volume of 13,177,880 shares, compared to its average volume of 9,214,834. The stock has a 50-day simple moving average of $62.34 and a two-hundred day simple moving average of $59.95. The stock has a market capitalization of $65.59 billion, a PE ratio of 16.23, a P/E/G ratio of 1.41 and a beta of 1.45. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $76.54. 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 posted its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.12. The company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The company's revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.01 EPS. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 3.93 EPS for the current year.

Insider Transactions at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the business's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the completion of the transaction, the senior vice president now directly owns 23,430 shares in the company, valued at approximately $1,420,795.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

PYPL has been the subject of several recent research reports. JMP Securities boosted their price target on PayPal from $68.00 to $70.00 and gave the company a "market outperform" rating in a research note on Wednesday. StockNews.com upgraded PayPal from a "hold" rating to a "buy" rating in a research note on Friday, April 5th. Mizuho cut their target price on PayPal from $65.00 to $60.00 and set a "neutral" rating for the company in a research note on Thursday, February 8th. BTIG Research restated a "neutral" rating on shares of PayPal in a research note on Friday, January 5th. Finally, Daiwa Capital Markets lowered PayPal from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $64.00 to $62.00 in a research note on Tuesday, February 13th. Twenty-three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, PayPal currently has an average rating of "Hold" and an average target price of $70.47.

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.