National Bank of Canada FI Has $72.61 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

National Bank of Canada FI lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 25.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 850,684 shares of the credit services provider's stock after selling 290,348 shares during the period. National Bank of Canada FI owned approximately 0.09% of PayPal worth $72,607,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Rosenberg Matthew Hamilton grew its holdings in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after buying an additional 125 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new position in PayPal in the third quarter valued at $26,000. Sugarloaf Wealth Management LLC grew its position in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after acquiring an additional 272 shares during the period. Modus Advisors LLC purchased a new position in shares of PayPal in the 4th quarter worth about $37,000. Finally, Crowley Wealth Management Inc. acquired a new position in shares of PayPal in the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 68.32% of the company's stock.

Analysts Set New Price Targets

PYPL has been the topic of several research reports. Citigroup restated an "outperform" rating on shares of PayPal in a report on Wednesday, February 5th. DZ Bank upgraded shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a report on Friday, February 28th. Susquehanna raised their price objective on PayPal from $94.00 to $101.00 and gave the company a "positive" rating in a research report on Monday, January 6th. Robert W. Baird lowered their target price on PayPal from $100.00 to $95.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Finally, Piper Sandler reduced their price target on PayPal from $85.00 to $76.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Sixteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, PayPal currently has an average rating of "Moderate Buy" and a consensus price target of $89.13.

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PayPal Stock Down 8.1 %

NASDAQ PYPL traded down $5.44 on Thursday, reaching $61.71. The stock had a trading volume of 18,465,580 shares, compared to its average volume of 11,239,431. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66. The business has a 50 day moving average price of $74.82 and a 200 day moving average price of $80.74. 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 company has a market capitalization of $61.05 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 1.27 and a beta of 1.60.

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

Insiders Place Their Bets

In other news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction dated 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 owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.14% of the company's stock.

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.