National Mutual Insurance Federation of Agricultural Cooperatives Decreases Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

National Mutual Insurance Federation of Agricultural Cooperatives trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 51.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 60,300 shares of the credit services provider’s stock after selling 65,000 shares during the quarter. National Mutual Insurance Federation of Agricultural Cooperatives’ holdings in PayPal were worth $5,147,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Relyea Zuckerberg Hanson LLC lifted its position in shares of PayPal by 113.8% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after buying an additional 3,976 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of PayPal during the third quarter valued at about $387,435,000. United Advisor Group LLC purchased a new stake in shares of PayPal during the third quarter valued at about $810,000. FCG Investment Co purchased a new stake in shares of PayPal during the third quarter valued at about $1,079,000. Finally, Equity Investment Corp lifted its position in shares of PayPal by 3.5% during the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after buying an additional 67,497 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on PYPL. JPMorgan Chase & Co. increased their price objective on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and increased their price objective for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Keefe, Bruyette & Woods increased their price objective on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective for the company in a research report on Friday, December 13th. Finally, Macquarie increased their price objective on shares of PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Thirteen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $90.52.

PayPal Price Performance

PayPal stock opened at $77.97 on Monday. The company’s fifty day moving average price is $86.42 and its 200 day moving average price is $80.25. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66. The stock has a market capitalization of $77.13 billion, a P/E ratio of 19.44, a P/E/G ratio of 1.29 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.26.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter last year, the company earned $1.48 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

PayPal 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.