Aviva PLC Has $73.37 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Aviva PLC reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 32.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 859,573 shares of the credit services provider's stock after selling 414,804 shares during the quarter. Aviva PLC owned 0.09% of PayPal worth $73,365,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of PayPal in the 3rd quarter worth approximately $26,000. Rosenberg Matthew Hamilton raised its stake in PayPal by 67.6% in 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 in the last quarter. Sugarloaf Wealth Management LLC lifted its holdings in 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 during the period. Legacy Investment Solutions LLC bought a new stake in PayPal during the 3rd quarter valued at $36,000. Finally, Modus Advisors LLC purchased a new position in shares of PayPal in the 4th quarter valued at $37,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Price Performance

NASDAQ:PYPL traded up $0.16 during trading hours on Monday, reaching $58.53. 20,255,235 shares of the company's stock were exchanged, compared to its average volume of 11,353,020. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $57.90 billion, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. The business's 50-day simple moving average is $73.65 and its two-hundred day simple moving average is $80.63. PayPal Holdings, Inc. has a 12 month low of $55.65 and a 12 month high of $93.66.

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PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.08. The firm had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company posted $1.48 EPS. Sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PYPL. Piper Sandler decreased their price objective on PayPal from $85.00 to $76.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Wolfe Research raised shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price target for the company in a research report on Friday, December 13th. DZ Bank raised shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 price objective on the stock in a research report on Friday, February 28th. Royal Bank of Canada reissued an "outperform" rating and set a $100.00 target price on shares of PayPal in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of PayPal in a report on Tuesday, February 4th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, PayPal has an average rating of "Moderate Buy" and an average price target of $89.13.

Insider Transactions at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was 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 owns 29,734 shares of the company's stock, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.14% of the company's stock.

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.