PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Groupama Asset Managment

Groupama Asset Managment trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 49.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,096 shares of the credit services provider’s stock after selling 17,468 shares during the period. Groupama Asset Managment’s holdings in PayPal were worth $1,546,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PYPL. Geode Capital Management LLC grew its holdings in PayPal by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider’s stock worth $1,849,884,000 after acquiring an additional 271,836 shares during the period. Norges Bank acquired a new stake in shares of PayPal during the 4th quarter worth approximately $1,086,508,000. Artisan Partners Limited Partnership increased its holdings in shares of PayPal by 284.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider’s stock valued at $666,100,000 after purchasing an additional 5,772,198 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of PayPal by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,615,476 shares of the credit services provider’s stock valued at $564,631,000 after purchasing an additional 84,337 shares during the period. Finally, World Investment Advisors LLC purchased a new stake in PayPal during the third quarter worth $387,435,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on PYPL. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research report on Wednesday, February 26th. DZ Bank raised PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a report on Friday, February 28th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of PayPal in a report on Tuesday, February 4th. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price for the company in a research note on Friday, December 13th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $100.00 target price on shares of PayPal in a research report on Thursday, December 12th. Sixteen investment 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $89.40.

PayPal Trading Up 1.6 %

PYPL opened at $67.15 on Thursday. The stock has a market capitalization of $66.43 billion, a PE ratio of 16.75, a P/E/G ratio of 1.27 and a beta of 1.52. 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. The business’s 50 day moving average price is $74.82 and its 200 day moving average price is $80.74.

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

About PayPal

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.