Meiji Yasuda Life Insurance Co cut its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 16.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,542 shares of the credit services provider’s stock after selling 4,100 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Paypal were worth $1,727,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Truehand Inc acquired a new stake in Paypal in the fourth quarter worth about $25,000. Bruderman Asset Management LLC acquired a new stake in Paypal in the fourth quarter worth about $27,000. Karp Capital Management Corp acquired a new stake in Paypal in the fourth quarter worth about $37,000. Virtus ETF Advisers LLC increased its position in Paypal by 33.7% in the fourth quarter. Virtus ETF Advisers LLC now owns 448 shares of the credit services provider’s stock worth $38,000 after purchasing an additional 113 shares during the period. Finally, WESPAC Advisors SoCal LLC increased its position in Paypal by 116.0% in the fourth quarter. WESPAC Advisors SoCal LLC now owns 486 shares of the credit services provider’s stock worth $41,000 after purchasing an additional 261 shares during the period. 81.80% of the stock is owned by institutional investors.

Shares of NASDAQ PYPL opened at $99.03 on Friday. Paypal Holdings Inc has a one year low of $70.22 and a one year high of $100.59. The firm has a market capitalization of $116.18 billion, a price-to-earnings ratio of 55.32, a PEG ratio of 2.54 and a beta of 1.03.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, January 30th. The credit services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.23 billion. Paypal had a return on equity of 14.67% and a net margin of 13.31%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 EPS. Equities research analysts predict that Paypal Holdings Inc will post 2.14 earnings per share for the current year.

PYPL has been the subject of a number of research reports. Craig Hallum reiterated a “buy” rating and issued a $110.00 price objective (up from $100.00) on shares of Paypal in a research report on Thursday, January 31st. BidaskClub lowered Paypal from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 7th. BTIG Research lifted their price objective on Paypal to $114.00 and gave the stock a “buy” rating in a research report on Tuesday, February 19th. Nomura lifted their price objective on Paypal from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, February 28th. Finally, Zacks Investment Research upgraded Paypal from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. 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 assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $98.05.

In other news, EVP Adele Louise Pentland sold 74,021 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $97.08, for a total transaction of $7,185,958.68. Following the completion of the sale, the executive vice president now directly owns 162,735 shares in the company, valued at approximately $15,798,313.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel H. Schulman sold 30,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $96.09, for a total value of $2,882,700.00. Following the sale, the insider now owns 532,140 shares of the company’s stock, valued at $51,133,332.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 325,823 shares of company stock valued at $30,176,386. Corporate insiders own 0.20% of the company’s stock.

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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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