PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Achmea Investment Management B.V.

Achmea Investment Management B.V. grew its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 41.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,635 shares of the credit services provider’s stock after buying an additional 26,928 shares during the quarter. Achmea Investment Management B.V.’s holdings in PayPal were worth $7,906,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Tredje AP fonden acquired a new position in shares of PayPal during the 4th quarter worth $12,487,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in PayPal during the fourth quarter worth about $7,976,000. Jupiter Asset Management Ltd. grew its position in PayPal by 174.3% during the fourth quarter. Jupiter Asset Management Ltd. now owns 288,002 shares of the credit services provider’s stock worth $24,581,000 after buying an additional 183,023 shares during the period. Great Lakes Advisors LLC increased its holdings in PayPal by 1.0% in the fourth quarter. Great Lakes Advisors LLC now owns 559,324 shares of the credit services provider’s stock valued at $47,738,000 after buying an additional 5,561 shares in the last quarter. Finally, Truvestments Capital LLC lifted its position in shares of PayPal by 3.9% during the 4th quarter. Truvestments Capital LLC now owns 8,841 shares of the credit services provider’s stock valued at $755,000 after acquiring an additional 328 shares during the period. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PYPL has been the topic of a number of research reports. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Keefe, Bruyette & Woods upped their target price on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, December 9th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Macquarie increased their price objective on shares of PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Finally, Citigroup restated an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

PayPal Stock Down 2.5 %

Shares of PayPal stock opened at $66.91 on Friday. The stock has a market capitalization of $66.19 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. 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 business’s 50 day simple moving average is $80.33 and its 200-day simple moving average is $80.90.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.48 earnings per share. Equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Buying and Selling at PayPal

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