Mirae Asset Global Investments Co. Ltd. Boosts Stock Holdings in PayPal Holdings, Inc. $PYPL

Mirae Asset Global Investments Co. Ltd. grew its holdings in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 8.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 422,931 shares of the credit services provider’s stock after purchasing an additional 33,346 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in PayPal were worth $28,362,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of PayPal during the second quarter worth $921,570,000. Lazard Asset Management LLC lifted its holdings in PayPal by 1,066.0% during the 2nd quarter. Lazard Asset Management LLC now owns 2,106,215 shares of the credit services provider’s stock worth $156,532,000 after purchasing an additional 1,925,583 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in PayPal by 45.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,569,023 shares of the credit services provider’s stock worth $265,250,000 after purchasing an additional 1,107,202 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in PayPal by 15.2% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 5,726,695 shares of the credit services provider’s stock valued at $425,608,000 after buying an additional 756,058 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of PayPal by 3,552.7% during the third quarter. Federated Hermes Inc. now owns 690,696 shares of the credit services provider’s stock valued at $46,318,000 after buying an additional 671,787 shares during the period. 68.32% of the stock is owned by institutional investors.

PayPal Stock Performance

Shares of NASDAQ PYPL opened at $53.11 on Friday. The stock’s 50-day moving average is $59.19 and its 200 day moving average is $65.65. The stock has a market cap of $49.69 billion, a price-to-earnings ratio of 10.64, a P/E/G ratio of 0.67 and a beta of 1.42. PayPal Holdings, Inc. has a 1-year low of $52.53 and a 1-year high of $90.93. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.56.

PayPal (NASDAQ:PYPLGet Free Report) last issued its quarterly earnings results on Tuesday, October 28th. The credit services provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.14. The business had revenue of $8.42 billion for the quarter, compared to analysts’ expectations of $8.21 billion. PayPal had a net margin of 14.96% and a return on equity of 25.64%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the business earned $1.20 earnings per share. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

PayPal News Roundup

Here are the key news stories impacting PayPal this week:

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PYPL. KGI Securities cut their price objective on shares of PayPal from $85.00 to $80.00 in a research report on Monday, November 10th. KeyCorp restated a “hold” rating on shares of PayPal in a research report on Wednesday, October 22nd. Robert W. Baird reiterated a “neutral” rating and issued a $66.00 price objective (down previously from $83.00) on shares of PayPal in a research report on Friday, December 12th. Truist Financial set a $58.00 price objective on PayPal in a research note on Tuesday, January 20th. Finally, Dbs Bank lowered their price target on PayPal from $75.00 to $70.00 and set a “hold” rating on the stock in a report on Thursday, November 13th. Twelve investment analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $73.10.

Check Out Our Latest Analysis on PYPL

Insiders Place Their Bets

In other PayPal news, EVP Aaron Webster sold 9,282 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $66.29, for a total transaction of $615,303.78. Following the completion of the sale, the executive vice president directly owned 35,699 shares in the company, valued at $2,366,486.71. This represents a 20.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $59.84, for a total value of $249,054.08. Following the completion of the transaction, the insider owned 30,983 shares in the company, valued at approximately $1,854,022.72. This represents a 11.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 25,944 shares of company stock valued at $1,725,233 in the last ninety days. 0.08% of the stock is owned by corporate insiders.

PayPal Profile

(Free Report)

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.

Featured Stories

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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