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

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 3.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC lifted its position in PayPal by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider's stock worth $1,849,884,000 after purchasing an additional 271,836 shares during the period. FMR LLC lifted its position in PayPal by 12.9% during the fourth quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock worth $1,615,134,000 after purchasing an additional 2,161,582 shares during the period. Capital Research Global Investors lifted its position in PayPal by 108.2% during the fourth quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock worth $1,529,823,000 after purchasing an additional 9,313,783 shares during the period. Norges Bank bought a new stake in PayPal during the fourth quarter worth about $1,086,508,000. Finally, Northern Trust Corp lifted its position in PayPal by 19.0% during the fourth quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider's stock worth $892,953,000 after purchasing an additional 1,669,908 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction on Thursday, February 27th. The stock was 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. This trade represents a 7.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.14% of the company's stock.

PayPal Trading Up 0.9%

NASDAQ:PYPL traded up $0.61 on Friday, reaching $72.18. 8,703,318 shares of the stock traded hands, compared to its average volume of 11,264,175. The firm has a market capitalization of $70.20 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. The company's 50 day moving average is $65.99 and its 200-day moving average is $77.39. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.16 by $0.17. The company had revenue of $7.79 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 EPS. Equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on PYPL shares. Arete Research set a $81.00 target price on shares of PayPal in a report on Thursday, March 27th. BTIG Research restated a "neutral" rating on shares of PayPal in a research note on Tuesday, February 4th. Evercore ISI began coverage on shares of PayPal in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 price target on the stock. JPMorgan Chase & Co. restated an "overweight" rating on shares of PayPal in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company reduced their price target on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $83.68.

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.