Axa S.A. Sells 82,015 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

AXA S.A. reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 18.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 356,236 shares of the credit services provider's stock after selling 82,015 shares during the quarter. AXA S.A.'s holdings in PayPal were worth $30,405,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Rosenberg Matthew Hamilton increased its position in shares of PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after purchasing an additional 125 shares during the period. Hurley Capital LLC bought a new stake in PayPal in the 4th quarter valued at $27,000. Sugarloaf Wealth Management LLC lifted its holdings in shares of PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after acquiring an additional 272 shares during the period. Modus Advisors LLC acquired a new stake in shares of PayPal during the 4th quarter valued at about $37,000. Finally, Bernard Wealth Management Corp. bought a new stake in PayPal in the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PYPL shares. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of PayPal in a report on Tuesday, February 4th. Piper Sandler cut their price objective on PayPal from $76.00 to $70.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Royal Bank of Canada lowered their target price on shares of PayPal from $104.00 to $88.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. DZ Bank upgraded shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 price target on the stock in a research report on Friday, February 28th. Finally, Barclays decreased their price target on PayPal from $110.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $83.68.

PayPal Stock Down 0.7 %

Shares of PYPL stock traded down $0.49 during trading on Tuesday, reaching $68.05. The company's stock had a trading volume of 7,640,928 shares, compared to its average volume of 11,247,669. The company has a market cap of $66.18 billion, a price-to-earnings ratio of 16.97, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The business has a fifty day moving average price of $65.68 and a 200-day moving average price of $78.00. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

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, topping the consensus estimate of $1.16 by $0.17. The firm had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 earnings per share. Analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Transactions at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

PayPal 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.