PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 14.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 435,276 shares of the credit services provider’s stock after purchasing an additional 53,886 shares during the quarter. Asset Management One Co. Ltd.’s holdings in PayPal were worth $28,402,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mpwm Advisory Solutions LLC purchased a new stake in shares of PayPal during the 4th quarter valued at $25,000. Hurley Capital LLC acquired a new position in PayPal in the fourth quarter valued at $27,000. Garde Capital Inc. purchased a new stake in PayPal during the first quarter valued at about $28,000. Bernard Wealth Management Corp. purchased a new stake in PayPal during the fourth quarter valued at about $34,000. Finally, Pinney & Scofield Inc. acquired a new stake in PayPal during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Ratings Changes

PYPL has been the subject of a number of research reports. Bank of America decreased their target price on PayPal from $103.00 to $93.00 and set a “buy” rating for the company in a report on Monday, April 14th. Keefe, Bruyette & Woods dropped their price objective on shares of PayPal from $104.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, March 31st. Morgan Stanley lifted their target price on shares of PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Wells Fargo & Company lowered their price target on PayPal from $80.00 to $74.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Finally, Compass Point initiated coverage on PayPal in a research note on Wednesday, April 23rd. They set a “sell” rating and a $56.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $83.42.

Insider Activity at PayPal

In related news, Director Deborah M. Messemer sold 3,795 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.00, for a total transaction of $277,035.00. Following the sale, the director now owns 13,976 shares of the company’s stock, valued at $1,020,248. The trade was a 21.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Diego Scotti sold 3,839 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $281,168.36. Following the transaction, the executive vice president now directly owns 16,989 shares of the company’s stock, valued at approximately $1,244,274.36. The trade was a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,796 shares of company stock worth $863,028 in the last 90 days. Corporate insiders own 0.08% of the company’s stock.

PayPal Stock Up 2.2%

PYPL opened at $73.58 on Wednesday. The stock’s 50 day moving average price is $69.40 and its 200 day moving average price is $74.93. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market cap of $71.56 billion, a P/E ratio of 16.46, a P/E/G ratio of 1.19 and a beta of 1.45. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.17. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The company had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. During the same period last year, the company earned $1.08 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

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.