PayPal Holdings, Inc. (NASDAQ:PYPL) Position Trimmed by Aviva PLC

Aviva PLC reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 32.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 859,573 shares of the credit services provider’s stock after selling 414,804 shares during the quarter. Aviva PLC owned approximately 0.09% of PayPal worth $73,365,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of PYPL. Dynamic Technology Lab Private Ltd boosted its stake in PayPal by 197.4% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 12,822 shares of the credit services provider’s stock valued at $1,094,000 after acquiring an additional 8,511 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in shares of PayPal in the 4th quarter worth approximately $25,326,000. Wealth Advisors of Tampa Bay LLC boosted its position in PayPal by 3.8% during the 4th quarter. Wealth Advisors of Tampa Bay LLC now owns 13,120 shares of the credit services provider’s stock valued at $1,120,000 after purchasing an additional 475 shares during the period. Systematic Alpha Investments LLC grew its stake in PayPal by 59.2% during the 4th quarter. Systematic Alpha Investments LLC now owns 9,171 shares of the credit services provider’s stock worth $783,000 after buying an additional 3,410 shares during the last quarter. Finally, First Western Trust Bank increased its position in PayPal by 5.5% in the fourth quarter. First Western Trust Bank now owns 25,413 shares of the credit services provider’s stock worth $2,169,000 after buying an additional 1,328 shares during the period. 68.32% of the stock is currently owned by institutional investors.

PayPal Trading Down 5.4 %

PayPal stock opened at $58.37 on Friday. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a market cap of $57.74 billion, a P/E ratio of 14.56, a P/E/G ratio of 1.27 and a beta of 1.60. The company’s fifty day simple moving average is $73.65 and its 200-day simple moving average is $80.52.

PayPal (NASDAQ:PYPL) last issued its earnings results 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 analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.48 EPS. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PYPL. Macquarie boosted their price target on shares of PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Royal Bank of Canada reissued an “outperform” rating and set a $100.00 target price on shares of PayPal in a research note on Thursday, December 12th. Wells Fargo & Company restated an “equal weight” rating on shares of PayPal in a research note on Wednesday, February 5th. Susquehanna lifted their price target on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of PayPal in a report on Tuesday, February 4th. Sixteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $89.13.

PayPal Company 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.