Meiji Yasuda Asset Management Co Ltd. Trims Holdings in Paypal Holdings Inc (PYPL)

Meiji Yasuda Asset Management Co Ltd. trimmed its position in Paypal Holdings Inc (NASDAQ:PYPL) by 3.1% during the fourth quarter, HoldingsChannel reports. The firm owned 27,063 shares of the credit services provider’s stock after selling 880 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Paypal were worth $2,276,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Paypal by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 86,484,524 shares of the credit services provider’s stock worth $7,596,801,000 after purchasing an additional 3,056,620 shares during the last quarter. Vanguard Group Inc grew its position in Paypal by 3.7% during the 3rd quarter. Vanguard Group Inc now owns 86,484,524 shares of the credit services provider’s stock worth $7,596,801,000 after purchasing an additional 3,056,620 shares during the last quarter. FMR LLC grew its position in Paypal by 4.2% during the 3rd quarter. FMR LLC now owns 80,780,079 shares of the credit services provider’s stock worth $7,095,722,000 after purchasing an additional 3,283,378 shares during the last quarter. BlackRock Inc. grew its position in Paypal by 1.9% during the 4th quarter. BlackRock Inc. now owns 74,772,548 shares of the credit services provider’s stock worth $6,287,624,000 after purchasing an additional 1,393,628 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in Paypal by 7,419.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 19,412,765 shares of the credit services provider’s stock worth $231,000 after purchasing an additional 19,154,611 shares during the last quarter. Institutional investors and hedge funds own 81.80% of the company’s stock.

Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Paypal from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. DZ Bank cut shares of Paypal from a “buy” rating to a “hold” rating in a research note on Thursday, January 31st. BidaskClub cut shares of Paypal from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 7th. Oppenheimer raised their price objective on shares of Paypal from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, January 31st. Finally, CIBC reiterated an “outperform” rating and issued a $100.00 price objective (up previously from $95.00) on shares of Paypal in a research note on Thursday, January 31st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. Paypal has a consensus rating of “Buy” and a consensus target price of $98.05.

Paypal stock opened at $99.03 on Friday. The stock has a market cap of $116.18 billion, a PE ratio of 55.32, a PEG ratio of 2.54 and a beta of 1.03. Paypal Holdings Inc has a one year low of $70.22 and a one year high of $100.59.

Paypal (NASDAQ:PYPL) last announced its earnings results on Wednesday, January 30th. The credit services provider reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.02. The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.23 billion. Paypal had a net margin of 13.31% and a return on equity of 14.67%. Paypal’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 EPS. On average, research analysts expect that Paypal Holdings Inc will post 2.14 EPS for the current fiscal year.

In related news, CEO Daniel H. Schulman sold 22,764 shares of the stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $81.41, for a total value of $1,853,217.24. Following the completion of the transaction, the chief executive officer now owns 312,590 shares in the company, valued at approximately $25,447,951.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel H. Schulman sold 30,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $96.09, for a total transaction of $2,882,700.00. Following the completion of the transaction, the insider now owns 532,140 shares of the company’s stock, valued at approximately $51,133,332.60. The disclosure for this sale can be found here. Insiders sold a total of 325,823 shares of company stock valued at $30,176,386 in the last quarter. 0.20% of the stock is currently owned by insiders.

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Paypal 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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