Sumitomo Mitsui DS Asset Management Company Ltd trimmed its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 0.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 87,212 shares of the credit services provider’s stock after selling 337 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Paypal were worth $9,433,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Cresset Asset Management LLC increased its stake in shares of Paypal by 15.5% during the second quarter. Cresset Asset Management LLC now owns 18,081 shares of the credit services provider’s stock worth $2,070,000 after acquiring an additional 2,427 shares during the period. Meridian Financial Partners LLC increased its stake in shares of Paypal by 6.2% during the third quarter. Meridian Financial Partners LLC now owns 4,722 shares of the credit services provider’s stock worth $471,000 after acquiring an additional 274 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Paypal by 13.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 280,920 shares of the credit services provider’s stock worth $32,154,000 after acquiring an additional 33,143 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of Paypal by 10.7% during the third quarter. Integrated Wealth Concepts LLC now owns 6,010 shares of the credit services provider’s stock worth $623,000 after acquiring an additional 582 shares during the period. Finally, Welch & Forbes LLC increased its stake in shares of Paypal by 1.3% during the fourth quarter. Welch & Forbes LLC now owns 13,388 shares of the credit services provider’s stock worth $1,449,000 after acquiring an additional 177 shares during the period. 80.69% of the stock is owned by institutional investors and hedge funds.

PYPL traded down $0.60 on Friday, hitting $117.29. 5,250,713 shares of the company were exchanged, compared to its average volume of 5,802,978. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.43 and a current ratio of 1.43. The business’s fifty day moving average is $110.04 and its 200 day moving average is $107.75. Paypal Holdings Inc has a fifty-two week low of $86.62 and a fifty-two week high of $121.48. The firm has a market capitalization of $135.62 billion, a P/E ratio of 55.07, a price-to-earnings-growth ratio of 2.38 and a beta of 0.94.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.09. Paypal had a net margin of 14.89% and a return on equity of 16.73%. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period last year, the firm posted $0.58 EPS. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. Analysts forecast that Paypal Holdings Inc will post 2.3 EPS for the current fiscal year.

In other news, EVP Jonathan Auerbach sold 2,660 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $103.75, for a total value of $275,975.00. Following the transaction, the executive vice president now directly owns 115,274 shares in the company, valued at approximately $11,959,677.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Daniel H. Schulman sold 25,719 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $104.73, for a total transaction of $2,693,550.87. Following the completion of the transaction, the chief executive officer now owns 407,793 shares in the company, valued at $42,708,160.89. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 88,379 shares of company stock worth $9,197,226. Insiders own 0.15% of the company’s stock.

PYPL has been the topic of a number of recent analyst reports. Bank of America reiterated a “buy” rating and set a $127.00 price target on shares of Paypal in a research note on Thursday, November 21st. Cantor Fitzgerald dropped their price target on shares of Paypal from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. SunTrust Banks dropped their price target on shares of Paypal to $105.00 and set a “hold” rating on the stock in a research note on Thursday, October 24th. Rosenblatt Securities reiterated a “buy” rating and set a $128.00 price target on shares of Paypal in a research note on Thursday, October 24th. Finally, Nomura set a $139.00 price target on shares of Paypal and gave the stock a “buy” rating in a research note on Monday, October 21st. Nine investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. Paypal currently has an average rating of “Buy” and an average target price of $123.35.

Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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