Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 9,382 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 213,170 shares of the credit services provider's stock after selling 9,382 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in PayPal were worth $18,194,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. FMR LLC raised its holdings in PayPal by 86.3% in the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider's stock worth $1,307,945,000 after purchasing an additional 7,767,072 shares during the period. World Investment Advisors LLC bought a new position in shares of PayPal in the third quarter worth about $387,435,000. Robeco Institutional Asset Management B.V. raised its stake in shares of PayPal by 174.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider's stock worth $361,316,000 after buying an additional 2,689,162 shares during the period. Raymond James Financial Inc. purchased a new position in shares of PayPal during the 4th quarter valued at about $135,537,000. Finally, Primecap Management Co. CA grew its stake in shares of PayPal by 21.6% during the 3rd quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider's stock valued at $469,414,000 after acquiring an additional 1,069,356 shares during the period. Institutional investors own 68.32% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Bank of America raised shares of PayPal from a "neutral" rating to a "buy" rating and lifted their price target for the company from $86.00 to $103.00 in a report on Monday, December 9th. StockNews.com raised shares of PayPal from a "hold" rating to a "buy" rating in a report on Tuesday, December 24th. Wolfe Research raised PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price target on the stock in a report on Friday, December 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of PayPal in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $100.00 target price on shares of PayPal in a research report on Thursday, December 12th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, PayPal presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.03.

PayPal Trading Up 1.1 %

Shares of NASDAQ PYPL traded up $0.78 during midday trading on Monday, hitting $70.97. The company's stock had a trading volume of 9,903,749 shares, compared to its average volume of 10,918,393. PayPal Holdings, Inc. has a 12-month low of $56.97 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 firm has a market cap of $70.21 billion, a P/E ratio of 17.70, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The business's 50 day moving average is $78.19 and its two-hundred day moving average is $80.92.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm's revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.48 EPS. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Activity at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the sale, the director now directly owns 29,734 shares of the company's stock, valued at $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by company insiders.

About PayPal

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.