Mitsubishi UFJ Trust & Banking Corp Sells 35,925 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Mitsubishi UFJ Trust & Banking Corp trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 750,141 shares of the credit services provider’s stock after selling 35,925 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in PayPal were worth $64,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its holdings in PayPal by 86.3% during the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after purchasing an additional 7,767,072 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of PayPal by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,615,476 shares of the credit services provider’s stock worth $564,631,000 after buying an additional 84,337 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of PayPal in the 3rd quarter worth approximately $387,435,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of PayPal by 174.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock valued at $361,316,000 after acquiring an additional 2,689,162 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in PayPal by 4.3% during the third quarter. Wellington Management Group LLP now owns 2,570,789 shares of the credit services provider’s stock worth $200,599,000 after acquiring an additional 106,435 shares during the period. Institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

PYPL has been the subject of a number of recent analyst reports. Robert W. Baird reduced their price objective on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Citigroup restated an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research report on Wednesday, February 26th. 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, Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target on the stock in a report on Friday, December 13th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

Insider Transactions at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now directly owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.14% of the company’s stock.

PayPal Trading Down 0.2 %

Shares of PYPL opened at $70.86 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The company has a market capitalization of $70.10 billion, a P/E ratio of 17.67, a P/E/G ratio of 1.27 and a beta of 1.52. The firm’s 50 day simple moving average is $77.61 and its 200 day simple moving average is $80.92.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company posted $1.48 EPS. Sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share 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.