PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lowered its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,881 shares of the credit services provider’s stock after selling 2,662 shares during the quarter. Securian Asset Management Inc.’s holdings in PayPal were worth $4,599,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Relyea Zuckerberg Hanson LLC grew its stake in PayPal by 113.8% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after buying an additional 3,976 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of PayPal during the third quarter valued at $387,435,000. Equity Investment Corp increased its holdings in shares of PayPal by 3.5% in the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after acquiring an additional 67,497 shares during the period. Fortem Financial Group LLC lifted its position in PayPal by 28.0% in the 4th quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider’s stock valued at $2,842,000 after purchasing an additional 7,291 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in PayPal by 12.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,189,947 shares of the credit services provider’s stock valued at $248,912,000 after purchasing an additional 364,851 shares during the period. Institutional investors own 68.32% of the company’s stock.

Insider Buying and Selling

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

PYPL has been the topic of a number of recent analyst reports. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of PayPal in a report on Wednesday, February 5th. Keefe, Bruyette & Woods increased their price target on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. DZ Bank upgraded shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research note on Friday, February 28th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Finally, Robert W. Baird dropped their price target on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, PayPal has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

PayPal Trading Up 0.9 %

NASDAQ:PYPL opened at $68.62 on Thursday. The stock’s 50-day moving average is $80.72 and its two-hundred day moving average is $81.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market cap of $67.88 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates 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 prior year, the business earned $1.48 EPS. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal 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.