Nan Shan Life Insurance Co. Ltd. Has $162.99 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Nan Shan Life Insurance Co. Ltd. reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.7% in the 4th quarter, Holdings Channel reports. The fund owned 695,953 shares of the credit services provider’s stock after selling 57,653 shares during the quarter. PayPal accounts for 3.4% of Nan Shan Life Insurance Co. Ltd.’s portfolio, making the stock its 4th biggest position. Nan Shan Life Insurance Co. Ltd.’s holdings in PayPal were worth $162,992,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Personal CFO Solutions LLC lifted its position in shares of PayPal by 4.0% in the fourth quarter. Personal CFO Solutions LLC now owns 9,352 shares of the credit services provider’s stock worth $2,190,000 after purchasing an additional 361 shares in the last quarter. Capital Management Associates NY lifted its position in shares of PayPal by 75.1% in the fourth quarter. Capital Management Associates NY now owns 3,370 shares of the credit services provider’s stock worth $789,000 after purchasing an additional 1,445 shares in the last quarter. Stanley Laman Group Ltd. lifted its position in shares of PayPal by 4.3% in the fourth quarter. Stanley Laman Group Ltd. now owns 61,596 shares of the credit services provider’s stock worth $14,426,000 after purchasing an additional 2,551 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in PayPal by 318.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 397,773 shares of the credit services provider’s stock worth $93,158,000 after acquiring an additional 302,689 shares in the last quarter. Finally, Princeton Global Asset Management LLC raised its position in PayPal by 8.1% during the fourth quarter. Princeton Global Asset Management LLC now owns 532 shares of the credit services provider’s stock worth $125,000 after acquiring an additional 40 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

PYPL has been the topic of several research reports. Oppenheimer restated a “buy” rating and issued a $230.00 price target on shares of PayPal in a research note on Tuesday, November 3rd. JMP Securities increased their target price on shares of PayPal from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Thursday, February 4th. Mizuho increased their target price on shares of PayPal from $350.00 to $375.00 and gave the stock a “buy” rating in a report on Thursday, February 4th. Moffett Nathanson lifted their target price on shares of PayPal from $280.00 to $300.00 in a research report on Friday, January 15th. Finally, Bank of America reiterated a “buy” rating and set a $282.00 price target (up previously from $235.00) on shares of PayPal in a report on Friday, January 22nd. Six analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. PayPal has an average rating of “Buy” and an average price target of $274.68.

In other news, CEO Daniel H. Schulman sold 25,000 shares of the stock in a transaction that occurred on Friday, December 11th. The shares were sold at an average price of $212.65, for a total transaction of $5,316,250.00. Following the completion of the transaction, the chief executive officer now directly owns 171,102 shares of the company’s stock, valued at approximately $36,384,840.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Daniel H. Schulman sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 16th. The shares were sold at an average price of $304.32, for a total transaction of $3,043,200.00. Following the transaction, the chief executive officer now directly owns 150,568 shares of the company’s stock, valued at $45,820,853.76. The disclosure for this sale can be found here. Insiders have sold a total of 63,189 shares of company stock valued at $16,453,133 over the last three months. Insiders own 0.12% of the company’s stock.

NASDAQ:PYPL traded down $12.44 on Tuesday, hitting $261.41. The stock had a trading volume of 804,616 shares, compared to its average volume of 9,504,380. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a market cap of $306.16 billion, a P/E ratio of 103.34, a price-to-earnings-growth ratio of 3.53 and a beta of 1.12. PayPal Holdings, Inc. has a 1 year low of $82.07 and a 1 year high of $309.14. The firm’s fifty day simple moving average is $257.47 and its two-hundred day simple moving average is $216.29.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, February 3rd. The credit services provider reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.08. PayPal had a net margin of 15.48% and a return on equity of 18.31%. The firm had revenue of $6.12 billion during the quarter, compared to analyst estimates of $6.09 billion. During the same quarter last year, the business posted $0.86 EPS. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. Equities research analysts predict that PayPal Holdings, Inc. will post 2.8 EPS for the current year.

About PayPal

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's payments platform allows consumers to send and receive payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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