National Mutual Insurance Federation of Agricultural Cooperatives Sells 65,000 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

National Mutual Insurance Federation of Agricultural Cooperatives lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 51.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,300 shares of the credit services provider's stock after selling 65,000 shares during the quarter. National Mutual Insurance Federation of Agricultural Cooperatives' holdings in PayPal were worth $5,147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Rosenberg Matthew Hamilton grew its position in shares of PayPal by 67.6% during the 4th 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. Gordian Capital Singapore Pte Ltd bought a new position in PayPal during the 3rd quarter worth approximately $26,000. Sugarloaf Wealth Management LLC boosted its stake in PayPal by 344.3% during the 4th 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 boosted its stake in PayPal by 186.1% during the 3rd 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, Financial Management Professionals Inc. boosted its stake in PayPal by 125.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider's stock worth $34,000 after acquiring an additional 243 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on PYPL shares. Wells Fargo & Company lifted their price target on shares of PayPal from $75.00 to $80.00 and gave the company an "equal weight" rating in a research note on Thursday, January 16th. Piper Sandler boosted their target price on shares of PayPal from $88.00 to $93.00 and gave the stock a "neutral" rating in a report on Friday, January 24th. Canaccord Genuity Group boosted their target price on shares of PayPal from $80.00 to $96.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. UBS Group boosted their target price on shares of PayPal from $72.00 to $85.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets upped their price objective on shares of PayPal from $73.00 to $82.00 and gave the company a "market perform" rating in a report on Wednesday, October 30th. Thirteen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.52.

PayPal Trading Down 0.9 %

NASDAQ:PYPL traded down $0.73 on Thursday, reaching $77.63. 9,301,154 shares of the stock traded hands, compared to its average volume of 11,373,951. The firm has a market capitalization of $76.79 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44. The company's 50 day moving average is $85.73 and its 200-day moving average is $80.55. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. The business 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 company's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.48 EPS. Equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

PayPal 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.