Allianz SE Invests $679,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

Allianz SE purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,946 shares of the credit services provider's stock, valued at approximately $679,000.

Other institutional investors have also modified their holdings of the company. Gordian Capital Singapore Pte Ltd bought a new position in PayPal during the 3rd quarter worth about $26,000. Rosenberg Matthew Hamilton boosted its position in shares of PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after buying an additional 125 shares during the period. Sugarloaf Wealth Management LLC grew its holdings in shares of PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after buying an additional 272 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of PayPal in the third quarter valued at approximately $36,000. Finally, Modus Advisors LLC bought a new stake in shares of PayPal in the fourth quarter worth $37,000. Institutional investors own 68.32% of the company's stock.

Insider Transactions at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now owns 29,734 shares in the company, valued at $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.14% of the stock is owned by insiders.

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PayPal Price Performance

PYPL stock traded up $0.85 during midday trading on Tuesday, reaching $66.10. The company had a trading volume of 7,997,855 shares, compared to its average volume of 11,213,798. The company has a market capitalization of $65.39 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth 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. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The stock has a 50 day moving average price of $75.75 and a 200-day moving average price of $80.86.

PayPal (NASDAQ:PYPL - Get Free Report) last issued 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 company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.48 EPS. Equities research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

PYPL has been the topic of several analyst reports. Arete Research cut shares of PayPal from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 27th. Susquehanna upped their target price on PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a report on Monday, January 6th. Bank of America upgraded PayPal from a "neutral" rating to a "buy" rating and raised their price target for the company from $86.00 to $103.00 in a research note on Monday, December 9th. Barclays upped their price objective on PayPal from $92.00 to $110.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 17th. Finally, Wells Fargo & Company reissued an "equal weight" rating on shares of PayPal in a research note on Wednesday, February 5th. Sixteen research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $89.40.

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.