Aster Capital Management DIFC Ltd Has $1.01 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Aster Capital Management DIFC Ltd cut its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 46.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,844 shares of the credit services provider’s stock after selling 10,384 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in PayPal were worth $1,011,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. United Bank lifted its position in shares of PayPal by 9.7% during the 3rd quarter. United Bank now owns 8,941 shares of the credit services provider’s stock valued at $698,000 after acquiring an additional 794 shares during the period. IHT Wealth Management LLC raised its holdings in shares of PayPal by 8.0% during the third quarter. IHT Wealth Management LLC now owns 11,607 shares of the credit services provider’s stock valued at $906,000 after purchasing an additional 864 shares during the period. Quantinno Capital Management LP boosted its position in shares of PayPal by 9.0% during the 3rd quarter. Quantinno Capital Management LP now owns 84,626 shares of the credit services provider’s stock worth $6,603,000 after purchasing an additional 7,016 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of PayPal by 4.3% in the 3rd quarter. Wellington Management Group LLP now owns 2,570,789 shares of the credit services provider’s stock valued at $200,599,000 after buying an additional 106,435 shares during the period. Finally, Kovitz Investment Group Partners LLC grew its stake in shares of PayPal by 5.8% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 315,053 shares of the credit services provider’s stock valued at $23,570,000 after buying an additional 17,226 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Activity at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, the director now directly owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by company insiders.

PayPal Stock Down 5.4 %

PYPL stock opened at $58.37 on Friday. The stock has a fifty day moving average of $73.65 and a 200-day moving average of $80.58. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The company has a market capitalization of $57.74 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 1.27 and a beta of 1.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $8.27 billion. During the same quarter last year, the business earned $1.48 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research note on Sunday. Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target for the company in a research report on Friday, December 13th. Macquarie upped their price objective on shares of PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Susquehanna lifted their price objective on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. Finally, Citigroup restated an “outperform” rating on shares of PayPal in a report on Wednesday, February 5th. Fifteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.13.

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.