MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 38,536 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,079,538 shares of the credit services provider's stock after selling 38,536 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.11% of PayPal worth $92,139,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Rosenberg Matthew Hamilton grew its position in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after buying an additional 125 shares in the last quarter. Hurley Capital LLC bought a new position in PayPal in the 4th quarter valued at about $27,000. Bernard Wealth Management Corp. bought a new stake in shares of PayPal during the 4th quarter worth approximately $37,000. Crowley Wealth Management Inc. acquired a new stake in shares of PayPal during the 4th quarter worth approximately $39,000. Finally, Bank of Jackson Hole Trust bought a new position in PayPal in the fourth quarter valued at approximately $41,000. 68.32% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Gail J. Mcgovern sold 2,446 shares of PayPal 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 completion of the sale, the director now owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. This trade represents a 7.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PYPL. Evercore ISI started coverage on PayPal in a report on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 target price on the stock. Macquarie dropped their price objective on shares of PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Morgan Stanley upped their price target on shares of PayPal from $79.00 to $80.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Compass Point initiated coverage on PayPal in a report on Wednesday, April 23rd. They set a "sell" rating and a $56.00 price objective on the stock. Finally, Bank of America reduced their price objective on PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $83.68.

PayPal Stock Down 1.5%

NASDAQ PYPL traded down $1.11 on Thursday, hitting $71.57. 8,010,989 shares of the company were exchanged, compared to its average volume of 11,248,316. 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 company has a market cap of $69.60 billion, a PE ratio of 17.85, a PEG ratio of 1.27 and a beta of 1.51. The stock has a fifty day moving average of $65.83 and a 200-day moving average of $77.54. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. During the same period last year, the business posted $1.08 EPS. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

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.