E. Ohman J or Asset Management AB Has $2.69 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

E. Ohman J or Asset Management AB lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,290 shares of the credit services provider’s stock after selling 2,500 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in PayPal were worth $2,694,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PYPL. Brighton Jones LLC increased its stake in shares of PayPal by 15.2% during the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock worth $596,000 after purchasing an additional 924 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of PayPal during the 4th quarter worth $248,000. Mather Group LLC. increased its stake in shares of PayPal by 12.0% during the 4th quarter. Mather Group LLC. now owns 1,782 shares of the credit services provider’s stock worth $152,000 after purchasing an additional 191 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of PayPal by 33.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 38,094 shares of the credit services provider’s stock worth $3,251,000 after purchasing an additional 9,604 shares during the last quarter. Finally, Stratos Wealth Advisors LLC acquired a new position in shares of PayPal during the 4th quarter worth $396,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Activity at PayPal

In other PayPal news, Director Deborah M. Messemer sold 3,795 shares of the business’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.00, for a total value of $277,035.00. Following the completion of the transaction, the director now directly owns 13,976 shares of the company’s stock, valued at approximately $1,020,248. The trade was a 21.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

PYPL has been the topic of a number of research analyst reports. Barclays lowered their target price on shares of PayPal from $110.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Truist Financial initiated coverage on shares of PayPal in a research note on Monday, June 2nd. They issued a “sell” rating and a $68.00 target price on the stock. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Wednesday, April 30th. Monness Crespi & Hardt lowered their target price on shares of PayPal from $120.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, Bank of America lowered their target price on shares of PayPal from $103.00 to $93.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $83.29.

PayPal Trading Up 1.3%

Shares of PYPL stock opened at $73.43 on Friday. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The company has a market capitalization of $71.41 billion, a P/E ratio of 18.31, a P/E/G ratio of 1.27 and a beta of 1.51. The firm has a 50-day moving average price of $66.84 and a 200 day moving average price of $76.25. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

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

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.