AE Wealth Management LLC Increases Holdings in PayPal Holdings, Inc. $PYPL

AE Wealth Management LLC increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 24.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 56,026 shares of the credit services provider’s stock after acquiring an additional 10,994 shares during the period. AE Wealth Management LLC’s holdings in PayPal were worth $3,757,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PYPL. Norges Bank bought a new stake in shares of PayPal in the second quarter worth about $921,570,000. Lazard Asset Management LLC raised its stake in PayPal by 1,066.0% during the second quarter. Lazard Asset Management LLC now owns 2,106,215 shares of the credit services provider’s stock valued at $156,532,000 after purchasing an additional 1,925,583 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of PayPal by 45.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,569,023 shares of the credit services provider’s stock worth $265,250,000 after buying an additional 1,107,202 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of PayPal by 3,552.7% in the 3rd quarter. Federated Hermes Inc. now owns 690,696 shares of the credit services provider’s stock valued at $46,318,000 after acquiring an additional 671,787 shares during the last quarter. Finally, Primecap Management Co. CA grew its position in PayPal by 9.5% in the second quarter. Primecap Management Co. CA now owns 6,542,450 shares of the credit services provider’s stock worth $486,235,000 after acquiring an additional 568,640 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Insider Buying and Selling

In other news, EVP Aaron Webster sold 9,282 shares of PayPal stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $66.29, for a total value of $615,303.78. Following the transaction, the executive vice president owned 35,699 shares of the company’s stock, valued at $2,366,486.71. The trade was a 20.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Suzan Kereere sold 12,500 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $68.87, for a total value of $860,875.00. Following the transaction, the insider owned 30,983 shares in the company, valued at approximately $2,133,799.21. This trade represents a 28.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 25,944 shares of company stock worth $1,725,233. Insiders own 0.08% of the company’s stock.

PayPal Trading Down 0.8%

Shares of NASDAQ:PYPL opened at $52.69 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $49.30 billion, a PE ratio of 10.56, a P/E/G ratio of 0.66 and a beta of 1.42. PayPal Holdings, Inc. has a 12-month low of $52.06 and a 12-month high of $90.40. The business’s fifty day simple moving average is $59.03 and its 200-day simple moving average is $65.45.

Key Headlines Impacting PayPal

Here are the key news stories impacting PayPal this week:

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Rothschild & Co Redburn lowered PayPal from a “neutral” rating to a “sell” rating and set a $50.00 price objective for the company. in a research note on Wednesday. Robert W. Baird restated a “neutral” rating and issued a $66.00 price target (down from $83.00) on shares of PayPal in a research report on Friday, December 12th. UBS Group cut their price objective on shares of PayPal from $80.00 to $65.00 in a research report on Wednesday, December 24th. Bank of America restated a “neutral” rating and issued a $68.00 target price (down previously from $93.00) on shares of PayPal in a report on Thursday, December 11th. Finally, Cantor Fitzgerald upgraded shares of PayPal to a “hold” rating in a report on Tuesday, January 27th. Twelve research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, PayPal currently has an average rating of “Hold” and a consensus target price of $73.10.

Get Our Latest Report on PYPL

About PayPal

(Free Report)

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.

Read More

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPLFree Report).

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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