AIA Group Ltd Makes New $2.07 Million Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

AIA Group Ltd bought a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 24,197 shares of the credit services provider’s stock, valued at approximately $2,065,000.

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and increased their price target for the company from $86.00 to $103.00 in a report on Monday, December 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 target price on shares of PayPal in a research note on Thursday, December 12th. Macquarie raised their target price on shares of PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Wells Fargo & Company reiterated an “equal weight” rating on shares of PayPal in a report on Wednesday, February 5th. Finally, BTIG Research reissued a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. Sixteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $89.40.

PayPal Stock Performance

Shares of PayPal stock opened at $65.25 on Tuesday. The company has a market capitalization of $64.55 billion, a PE ratio of 16.27, a P/E/G ratio of 1.27 and a beta of 1.52. The company has a 50-day simple moving average of $75.75 and a two-hundred day simple moving average of $80.86. PayPal Holdings, Inc. has a one year low of $56.97 and a one year 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 posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same quarter in the previous year, the business posted $1.48 EPS. PayPal’s revenue was up 4.2% on a year-over-year basis. Research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Transactions at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the firm’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 completion of the sale, the director now owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.

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.