Aviva PLC Has $73.37 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Aviva PLC cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 32.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 859,573 shares of the credit services provider’s stock after selling 414,804 shares during the period. Aviva PLC’s holdings in PayPal were worth $73,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of PYPL. Dynamic Technology Lab Private Ltd grew its position in PayPal by 197.4% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 12,822 shares of the credit services provider’s stock worth $1,094,000 after buying an additional 8,511 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of PayPal during the 4th quarter worth approximately $25,326,000. Wealth Advisors of Tampa Bay LLC increased its position in shares of PayPal by 3.8% during the fourth quarter. Wealth Advisors of Tampa Bay LLC now owns 13,120 shares of the credit services provider’s stock valued at $1,120,000 after purchasing an additional 475 shares during the period. Systematic Alpha Investments LLC raised its stake in shares of PayPal by 59.2% in the fourth quarter. Systematic Alpha Investments LLC now owns 9,171 shares of the credit services provider’s stock valued at $783,000 after purchasing an additional 3,410 shares in the last quarter. Finally, First Western Trust Bank lifted its position in PayPal by 5.5% in the fourth quarter. First Western Trust Bank now owns 25,413 shares of the credit services provider’s stock worth $2,169,000 after purchasing an additional 1,328 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a report on Wednesday, February 26th. Keefe, Bruyette & Woods decreased their price objective on PayPal from $104.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, March 31st. StockNews.com cut PayPal from a “buy” rating to a “hold” rating in a report on Saturday, March 29th. Arete Research set a $81.00 price target on PayPal in a research note on Thursday, March 27th. Finally, DZ Bank upgraded PayPal from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research note on Friday, February 28th. Sixteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and a consensus price target of $89.13.

PayPal Stock Performance

Shares of PYPL stock opened at $58.37 on Friday. The company has a market capitalization of $57.74 billion, a P/E ratio of 14.56, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The company’s 50 day moving average price is $73.65 and its two-hundred day moving average price is $80.52.

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

PayPal Company 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.