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

AIA Group Ltd bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 24,197 shares of the credit services provider's stock, valued at approximately $2,065,000.

Other institutional investors have also added to or reduced their stakes in the company. Relyea Zuckerberg Hanson LLC lifted its holdings in shares of PayPal by 113.8% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider's stock worth $638,000 after acquiring an additional 3,976 shares during the period. World Investment Advisors LLC acquired a new stake in PayPal during the third quarter valued at approximately $387,435,000. Nikko Asset Management Americas Inc. boosted its holdings in PayPal by 2.7% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider's stock valued at $59,489,000 after purchasing an additional 18,172 shares in the last quarter. Fortem Financial Group LLC grew its stake in shares of PayPal by 28.0% in the 4th quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider's stock valued at $2,842,000 after purchasing an additional 7,291 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of PayPal by 120.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,555,240 shares of the credit services provider's stock worth $125,461,000 after buying an additional 849,311 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PYPL. Keefe, Bruyette & Woods decreased their price target on PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research note on Monday. StockNews.com lowered shares of PayPal from a "buy" rating to a "hold" rating in a report on Saturday. JPMorgan Chase & Co. reissued an "overweight" rating on shares of PayPal in a report on Tuesday, February 4th. Arete Research cut shares of PayPal from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 27th. Finally, Susquehanna raised their price objective on shares of PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a report on Monday, January 6th. Sixteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.40.

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Insider Activity

In related news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction on Thursday, February 27th. The shares were 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.14% of the company's stock.

PayPal Trading Up 1.3 %

Shares of NASDAQ PYPL traded up $0.85 during midday trading on Tuesday, reaching $66.10. 7,997,855 shares of the stock were exchanged, compared to its average volume of 11,219,273. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The company has a market capitalization of $65.39 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 1.27 and a beta of 1.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The business has a 50-day simple moving average of $75.28 and a two-hundred day simple moving average of $80.83.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion during the quarter, compared to analysts' expectations of $8.27 billion. During the same period in the previous year, the firm earned $1.48 earnings per share. The company's revenue was up 4.2% on a year-over-year basis. 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.