Van ECK Associates Corp Has $3.44 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Van ECK Associates Corp reduced its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,763 shares of the credit services provider’s stock after selling 1,317 shares during the period. Van ECK Associates Corp’s holdings in PayPal were worth $3,436,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. raised its position in PayPal by 46.5% during the third quarter. D.A. Davidson & CO. now owns 196,704 shares of the credit services provider’s stock valued at $11,499,000 after purchasing an additional 62,408 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of PayPal by 1.5% during the third quarter. Gamco Investors INC. ET AL now owns 13,304 shares of the credit services provider’s stock worth $778,000 after buying an additional 193 shares in the last quarter. Sepio Capital LP increased its holdings in shares of PayPal by 3.5% during the third quarter. Sepio Capital LP now owns 22,306 shares of the credit services provider’s stock worth $1,304,000 after buying an additional 753 shares in the last quarter. WealthTrust Asset Management LLC increased its holdings in shares of PayPal by 1.5% during the third quarter. WealthTrust Asset Management LLC now owns 16,976 shares of the credit services provider’s stock worth $992,000 after buying an additional 244 shares in the last quarter. Finally, Blueshift Asset Management LLC acquired a new position in shares of PayPal during the third quarter worth $255,000. 68.42% of the stock is currently owned by institutional investors and hedge funds.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $60.09 on Tuesday. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $80.71. The stock has a market cap of $64.40 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 1.22 and a beta of 1.47. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. The firm’s 50-day simple moving average is $61.27 and its 200 day simple moving average is $59.94.

PayPal (NASDAQ:PYPLGet Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The business had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter last year, the firm earned $1.01 EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 4.32 earnings per share for the current fiscal year.

Insider Buying and Selling at PayPal

In other PayPal news, insider Jonathan Auerbach sold 64,957 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $55.58, for a total value of $3,610,310.06. Following the completion of the sale, the insider now owns 79,051 shares in the company, valued at approximately $4,393,654.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Peggy Alford sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $56.76, for a total transaction of $851,400.00. Following the completion of the sale, the executive vice president now owns 40,601 shares in the company, valued at approximately $2,304,512.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jonathan Auerbach sold 64,957 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $55.58, for a total transaction of $3,610,310.06. Following the sale, the insider now owns 79,051 shares of the company’s stock, valued at approximately $4,393,654.58. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

PYPL has been the subject of several research analyst reports. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, February 6th. Royal Bank of Canada increased their price objective on PayPal from $70.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Morgan Stanley restated an “equal weight” rating and issued a $66.00 price objective (down from $118.00) on shares of PayPal in a report on Tuesday, January 9th. Truist Financial decreased their price objective on PayPal from $70.00 to $65.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Finally, The Goldman Sachs Group decreased their price objective on PayPal from $89.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, November 2nd. Twenty-two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $70.90.

Check Out Our Latest Analysis on PayPal

About PayPal

(Free Report)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 150 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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