Tokio Marine Asset Management Co. Ltd. Sells 229 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Tokio Marine Asset Management Co. Ltd. lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.1% during the 4th quarter, HoldingsChannel reports. The firm owned 168,068 shares of the credit services provider’s stock after selling 229 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in PayPal were worth $10,321,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PYPL. Hartford Financial Management Inc. raised its stake in shares of PayPal by 18.8% in the fourth quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock valued at $63,000 after buying an additional 163 shares during the period. Pine Haven Investment Counsel Inc raised its stake in shares of PayPal by 3.7% in the fourth quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider’s stock valued at $289,000 after buying an additional 170 shares during the period. Brooks Moore & Associates Inc. raised its stake in shares of PayPal by 1.3% in the third quarter. Brooks Moore & Associates Inc. now owns 14,391 shares of the credit services provider’s stock valued at $841,000 after buying an additional 180 shares during the period. Waldron Private Wealth LLC raised its stake in shares of PayPal by 1.9% in the fourth quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider’s stock valued at $590,000 after buying an additional 182 shares during the period. Finally, New World Advisors LLC raised its stake in shares of PayPal by 2.9% in the fourth quarter. New World Advisors LLC now owns 6,586 shares of the credit services provider’s stock valued at $404,000 after buying an additional 185 shares during the period. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 0.6 %

PYPL traded up $0.41 during trading on Wednesday, hitting $64.84. 8,173,079 shares of the company’s stock traded hands, compared to its average volume of 16,305,638. The company’s 50 day simple moving average is $62.65 and its two-hundred day simple moving average is $60.08. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $76.54. The stock has a market capitalization of $68.25 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 1.10 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. The firm had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the business posted $1.01 EPS. Analysts predict that PayPal Holdings, Inc. will post 4.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. William Blair reiterated an “outperform” rating on shares of PayPal in a research note on Thursday, February 8th. BTIG Research reiterated a “neutral” rating on shares of PayPal in a research note on Friday, January 5th. Argus lowered PayPal from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Citigroup decreased their price objective on PayPal from $76.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Finally, JMP Securities boosted their price objective on PayPal from $68.00 to $70.00 and gave the company a “market outperform” rating in a research note on Wednesday, April 17th. Twenty-three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, PayPal currently has an average rating of “Hold” and an average target price of $70.47.

Insider Activity at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the sale, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by company insiders.

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.