Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Increases Holdings in Paypal Holdings Inc (NASDAQ:PYPL)

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Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 5.5% in the first quarter, Holdings Channel reports. The institutional investor owned 316,137 shares of the credit services provider’s stock after buying an additional 16,530 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Paypal were worth $30,267,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in PYPL. Sailer Financial LLC purchased a new position in shares of Paypal in the fourth quarter worth $26,000. Islay Capital Management LLC purchased a new position in shares of Paypal in the fourth quarter worth $27,000. Engrave Wealth Partners LLC raised its stake in shares of Paypal by 54.3% in the first quarter. Engrave Wealth Partners LLC now owns 284 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. HighMark Wealth Management LLC purchased a new position in shares of Paypal in the fourth quarter worth $28,000. Finally, Key Financial Inc purchased a new position in shares of Paypal in the first quarter worth $28,000. Institutional investors and hedge funds own 83.00% of the company’s stock.

Shares of Paypal stock traded up $1.97 during trading hours on Friday, hitting $150.19. The company’s stock had a trading volume of 381,660 shares, compared to its average volume of 10,488,630. The business has a 50 day moving average price of $119.94 and a two-hundred day moving average price of $111.57. Paypal Holdings Inc has a 12-month low of $82.07 and a 12-month high of $151.08. The company has a market cap of $174.01 billion, a PE ratio of 94.90, a PEG ratio of 3.44 and a beta of 1.11. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.39 and a current ratio of 1.39.

Paypal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, May 6th. The credit services provider reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.08. Paypal had a return on equity of 16.06% and a net margin of 10.27%. The business had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.72 billion. During the same period in the previous year, the business earned $0.78 earnings per share. The business’s revenue was up 11.8% on a year-over-year basis. As a group, research analysts anticipate that Paypal Holdings Inc will post 2.4 earnings per share for the current year.

PYPL has been the subject of several recent analyst reports. BTIG Research restated a “buy” rating and issued a $172.00 price target (up previously from $130.00) on shares of Paypal in a research note on Sunday, May 10th. Stephens lifted their price objective on Paypal from $132.00 to $159.00 and gave the stock an “overweight” rating in a report on Monday. Keefe, Bruyette & Woods lifted their price objective on Paypal from $120.00 to $152.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Royal Bank of Canada lifted their price objective on Paypal from $120.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Finally, DZ Bank lowered Paypal from a “buy” rating to a “hold” rating and set a $121.00 price objective for the company. in a report on Tuesday, April 28th. Five research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Paypal has a consensus rating of “Buy” and an average price target of $140.15.

In related news, EVP Adele Louise Pentland sold 92,700 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $107.63, for a total value of $9,977,301.00. Following the sale, the executive vice president now directly owns 174,201 shares in the company, valued at $18,749,253.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Daniel H. Schulman sold 25,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $144.15, for a total value of $3,603,750.00. Following the completion of the sale, the chief executive officer now owns 569,603 shares in the company, valued at $82,108,272.45. The disclosure for this sale can be found here. Insiders sold 255,625 shares of company stock worth $28,513,730 over the last quarter. 0.12% of the stock is owned by company insiders.

Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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