PayPal Holdings, Inc. $PYPL Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 36.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 43,853 shares of the credit services provider’s stock after selling 24,664 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in PayPal were worth $2,560,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Maia Wealth LLC raised its stake in shares of PayPal by 2.5% during the 3rd quarter. Maia Wealth LLC now owns 6,404 shares of the credit services provider’s stock worth $424,000 after buying an additional 155 shares during the period. Transatlantique Private Wealth LLC raised its stake in shares of PayPal by 2.9% during the 3rd quarter. Transatlantique Private Wealth LLC now owns 5,698 shares of the credit services provider’s stock worth $382,000 after buying an additional 159 shares during the period. Martin & Co. Inc. TN raised its stake in shares of PayPal by 0.3% during the 3rd quarter. Martin & Co. Inc. TN now owns 56,934 shares of the credit services provider’s stock worth $3,818,000 after buying an additional 175 shares during the period. RWA Wealth Partners LLC raised its stake in shares of PayPal by 0.7% during the 3rd quarter. RWA Wealth Partners LLC now owns 25,043 shares of the credit services provider’s stock worth $1,679,000 after buying an additional 184 shares during the period. Finally, GeoWealth Management LLC raised its stake in shares of PayPal by 6.2% during the 3rd quarter. GeoWealth Management LLC now owns 3,214 shares of the credit services provider’s stock worth $216,000 after buying an additional 188 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on PYPL. Wells Fargo & Company reduced their price objective on PayPal from $67.00 to $48.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 4th. BNP Paribas Exane increased their price objective on PayPal from $41.00 to $43.50 and gave the company a “neutral” rating in a research note on Friday, April 10th. JPMorgan Chase & Co. reduced their price objective on PayPal from $70.00 to $46.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Truist Financial reduced their price objective on PayPal from $45.00 to $44.00 and set a “sell” rating for the company in a research note on Tuesday, May 12th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of PayPal in a research note on Friday, May 8th. Eight analysts have rated the stock with a Buy rating, thirty-two have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $55.85.

Read Our Latest Research Report on PYPL

PayPal Stock Down 0.2%

Shares of PYPL opened at $44.23 on Friday. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.50. The company has a market capitalization of $39.02 billion, a PE ratio of 8.30, a price-to-earnings-growth ratio of 1.11 and a beta of 1.39. The stock has a fifty day simple moving average of $46.40 and a two-hundred day simple moving average of $52.18. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPLGet Free Report) last issued its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The business had revenue of $8.35 billion during the quarter, compared to the consensus estimate of $8.05 billion. During the same period last year, the company earned $1.33 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 5.3 EPS for the current year.

PayPal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, June 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. PayPal’s dividend payout ratio is currently 10.51%.

Insider Transactions at PayPal

In other news, insider Suzan Kereere sold 13,515 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total transaction of $621,960.30. Following the completion of the transaction, the insider directly owned 30,983 shares in the company, valued at approximately $1,425,837.66. This represents a 30.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Frank Keller sold 29,581 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total value of $1,361,317.62. Following the transaction, the executive vice president owned 51,567 shares of the company’s stock, valued at approximately $2,373,113.34. This represents a 36.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 57,373 shares of company stock worth $2,684,341. 0.63% of the stock is currently owned by company insiders.

Key Headlines Impacting PayPal

Here are the key news stories impacting PayPal this week:

PayPal Company 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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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