Daiwa Securities Group Inc. Sells 61,693 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Daiwa Securities Group Inc. decreased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 22.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 216,744 shares of the credit services provider's stock after selling 61,693 shares during the quarter. Daiwa Securities Group Inc.'s holdings in PayPal were worth $18,500,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Gordian Capital Singapore Pte Ltd bought a new stake in shares of PayPal during the third quarter worth $26,000. Rosenberg Matthew Hamilton raised 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 acquiring an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC raised its position 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 acquiring an additional 272 shares during the last quarter. Planning Capital Management Corp raised its position in shares of PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock worth $32,000 after acquiring an additional 268 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in shares of PayPal during the third quarter worth $36,000. Institutional investors own 68.32% of the company's stock.

PayPal Stock Down 2.5 %

Shares of PYPL stock traded down $1.71 on Thursday, hitting $66.91. 9,768,350 shares of the stock were exchanged, compared to its average volume of 12,314,722. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $66.19 billion, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The business has a 50-day moving average of $80.33 and a 200 day moving average of $80.90. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66.

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PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate 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 prior year, the firm posted $1.48 earnings per share. The business's quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PYPL. Bank of America upgraded PayPal from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. Morgan Stanley boosted their target price on PayPal from $79.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Barclays upped their price objective on PayPal from $92.00 to $110.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a report on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods upped their price objective on PayPal from $92.00 to $104.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $90.03.

Insider Activity at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company's stock.

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.