Boston Partners Has $47.08 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Boston Partners trimmed its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 702,845 shares of the credit services provider’s stock after selling 80,403 shares during the quarter. Boston Partners owned 0.07% of PayPal worth $47,084,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in PYPL. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in PayPal in the 4th quarter worth approximately $25,000. Pittenger & Anderson Inc. raised its position in shares of PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 172 shares during the last quarter. American National Bank bought a new stake in shares of PayPal during the 1st quarter valued at $27,000. Private Wealth Management Group LLC bought a new stake in shares of PayPal during the 4th quarter valued at $29,000. Finally, Register Financial Advisors LLC bought a new stake in shares of PayPal during the 1st quarter valued at $30,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PYPL shares. TD Cowen boosted their price target on shares of PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a report on Wednesday. Robert W. Baird increased their price objective on shares of PayPal from $77.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday. William Blair raised shares of PayPal to a “hold” rating in a report on Tuesday, July 30th. UBS Group increased their price target on shares of PayPal from $71.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, New Street Research assumed coverage on shares of PayPal in a report on Friday, May 31st. They issued a “buy” rating and a $80.00 price target on the stock. Nineteen investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $74.94.

Insider Activity

In related news, Director Deborah M. Messemer sold 4,422 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $61.65, for a total transaction of $272,616.30. Following the transaction, the director now owns 13,976 shares of the company’s stock, valued at approximately $861,620.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.14% of the company’s stock.

PayPal Stock Performance

Shares of PYPL stock traded down $3.33 during trading on Friday, reaching $61.98. 23,117,055 shares of the company’s stock traded hands, compared to its average volume of 12,879,998. The company has a market capitalization of $63.36 billion, a P/E ratio of 15.61, a PEG ratio of 0.93 and a beta of 1.42. The company has a current ratio of 1.24, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average is $61.01 and its 200 day moving average is $62.24. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $70.66.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The business had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the prior year, the company posted $0.83 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. Equities research analysts expect that PayPal Holdings, Inc. will post 4.42 EPS for the current year.

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.