Deutsche Bank AG Lowers Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Deutsche Bank AG reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,439,888 shares of the credit services provider’s stock after selling 610,859 shares during the quarter. Deutsche Bank AG’s holdings in PayPal were worth $805,694,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Dorsey Asset Management LLC increased its position in shares of PayPal by 11.9% during the fourth quarter. Dorsey Asset Management LLC now owns 1,301,183 shares of the credit services provider’s stock worth $111,056,000 after acquiring an additional 138,660 shares during the period. Eagle Global Advisors LLC raised its position in PayPal by 1.8% in the 4th quarter. Eagle Global Advisors LLC now owns 142,218 shares of the credit services provider’s stock valued at $12,138,000 after purchasing an additional 2,495 shares in the last quarter. EPG Wealth Management LLC boosted its stake in shares of PayPal by 22.4% in the 4th quarter. EPG Wealth Management LLC now owns 7,567 shares of the credit services provider’s stock valued at $646,000 after buying an additional 1,384 shares during the period. Colonial Trust Co SC grew its position in shares of PayPal by 19.5% during the fourth quarter. Colonial Trust Co SC now owns 3,361 shares of the credit services provider’s stock worth $287,000 after buying an additional 549 shares in the last quarter. Finally, Concentric Capital Strategies LP purchased a new stake in shares of PayPal during the fourth quarter worth approximately $3,408,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Stock Up 0.9 %

Shares of NASDAQ:PYPL opened at $68.69 on Thursday. The company has a 50 day moving average of $65.58 and a two-hundred day moving average of $77.86. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week 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 company has a market capitalization of $66.80 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.17. The firm had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.08 EPS. As a group, analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Buying and Selling at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred on 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 transaction, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on PYPL shares. Wells Fargo & Company dropped their price objective on shares of PayPal from $80.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Seaport Res Ptn cut PayPal from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 17th. Royal Bank of Canada cut their price objective on shares of PayPal from $104.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. restated an “overweight” rating on shares of PayPal in a report on Tuesday, February 4th. Finally, DZ Bank raised shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $83.68.

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.