Canada Pension Plan Investment Board Has $81.12 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Canada Pension Plan Investment Board trimmed its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 9.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 950,490 shares of the credit services provider's stock after selling 100,763 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.10% of PayPal worth $81,124,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton grew its position in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. Hurley Capital LLC purchased a new stake in shares of PayPal during the fourth quarter worth $27,000. Sugarloaf Wealth Management LLC grew its stake in PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after purchasing an additional 272 shares in the last quarter. Modus Advisors LLC acquired a new position in PayPal in the 4th quarter worth about $37,000. Finally, Bernard Wealth Management Corp. acquired a new stake in shares of PayPal during the 4th quarter valued at about $37,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PYPL. BTIG Research reiterated a "neutral" rating on shares of PayPal in a research note on Tuesday, February 4th. Piper Sandler lowered their target price on shares of PayPal from $85.00 to $76.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. DZ Bank raised PayPal from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a research report on Friday, February 28th. Needham & Company LLC reissued a "hold" rating on shares of PayPal in a research note on Wednesday, February 26th. Finally, Macquarie upped their target price on PayPal from $115.00 to $117.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $86.84.

PayPal Trading Up 1.1 %

PayPal stock traded up $0.67 during mid-day trading on Tuesday, hitting $60.96. The stock had a trading volume of 2,844,017 shares, compared to its average volume of 11,427,106. The stock has a market capitalization of $60.30 billion, a PE ratio of 15.20, a P/E/G ratio of 1.27 and a beta of 1.60. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a 50-day simple moving average of $67.90 and a two-hundred day simple moving average of $79.06.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. The business had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal's revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.48 earnings per share. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current 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.