B. Metzler seel. Sohn & Co. AG Has $6.65 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

B. Metzler seel. Sohn & Co. AG boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 43.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 77,971 shares of the credit services provider’s stock after acquiring an additional 23,507 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in PayPal were worth $6,653,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of PYPL. Norges Bank acquired a new stake in shares of PayPal in the fourth quarter valued at approximately $1,086,508,000. Artisan Partners Limited Partnership increased its stake in PayPal by 284.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider’s stock worth $666,100,000 after acquiring an additional 5,772,198 shares during the period. World Investment Advisors LLC acquired a new position in PayPal in the 3rd quarter valued at $387,435,000. Robeco Institutional Asset Management B.V. lifted its position in shares of PayPal by 174.1% during the 4th 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 during the period. Finally, Raymond James Financial Inc. bought a new position in shares of PayPal in the fourth quarter worth $135,537,000. Institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PYPL. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. Citigroup reaffirmed an “outperform” rating on shares of PayPal in a report on Wednesday, February 5th. Robert W. Baird decreased their price objective on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. BTIG Research restated a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Finally, DZ Bank raised PayPal from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report 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. Based on data from MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and an average target price of $89.40.

Insider Buying and Selling at PayPal

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

PayPal Price Performance

Shares of NASDAQ PYPL opened at $65.25 on Tuesday. The company has a market capitalization of $64.55 billion, a PE ratio of 16.27, a P/E/G ratio of 1.27 and a beta of 1.52. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The firm has a fifty day simple moving average of $75.75 and a 200 day simple moving average of $80.86.

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, topping the consensus estimate of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same period last year, the company posted $1.48 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

About PayPal

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.