Mitsubishi UFJ Asset Management Co. Ltd. Buys 94,953 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,629,497 shares of the credit services provider’s stock after buying an additional 94,953 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.16% of PayPal worth $142,744,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Rosenberg Matthew Hamilton grew its position in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares during the last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in PayPal in the 3rd quarter valued at $26,000. Sugarloaf Wealth Management LLC grew its holdings in PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after buying an additional 272 shares in the last quarter. Modus Advisors LLC bought a new position in PayPal during the 4th quarter worth $37,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of PayPal during the fourth quarter worth $39,000. 68.32% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

PYPL has been the topic of several research reports. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and upped their price target for the company from $86.00 to $103.00 in a research note on Monday, December 9th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Keefe, Bruyette & Woods raised their target price on shares of PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Susquehanna boosted their price target on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research note on Monday, January 6th. Finally, Piper Sandler lowered their price objective on PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.03.

PayPal Trading Down 1.6 %

Shares of NASDAQ PYPL opened at $68.86 on Friday. The firm has a 50 day moving average price of $76.81 and a two-hundred day moving average price of $80.76. The stock has a market cap of $68.12 billion, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

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