PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,322,016 shares of the credit services provider's stock after acquiring an additional 11,060 shares during the period. New York State Common Retirement Fund owned 0.13% of PayPal worth $112,834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mizuho Securities USA LLC boosted its stake in PayPal by 12,919.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider's stock worth $819,315,000 after purchasing an additional 10,419,351 shares during the period. FMR LLC boosted its stake in shares of PayPal by 86.3% during the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider's stock worth $1,307,945,000 after buying an additional 7,767,072 shares during the period. World Investment Advisors LLC purchased a new position in shares of PayPal during the third quarter worth about $387,435,000. Robeco Institutional Asset Management B.V. increased its position in PayPal by 174.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider's stock valued at $361,316,000 after acquiring an additional 2,689,162 shares during the period. Finally, International Assets Investment Management LLC raised its stake in PayPal by 9,864.9% during the 3rd quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider's stock valued at $87,336,000 after acquiring an additional 1,108,030 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of recent research reports. Wells Fargo & Company boosted their target price on PayPal from $75.00 to $80.00 and gave the company an "equal weight" rating in a report on Thursday, January 16th. Bank of America upgraded shares of PayPal from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. BMO Capital Markets lifted their target price on shares of PayPal from $73.00 to $82.00 and gave the company a "market perform" rating in a report on Wednesday, October 30th. Citigroup lifted their price target on PayPal from $97.00 to $98.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th. Finally, Robert W. Baird lowered their price target on PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, PayPal currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.52.

PayPal Stock Down 3.5 %

NASDAQ:PYPL traded down $2.68 during mid-day trading on Friday, hitting $74.95. The company had a trading volume of 15,156,060 shares, compared to its average volume of 11,485,007. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66. The business has a fifty day simple moving average of $85.50 and a 200-day simple moving average of $80.53. 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 capitalization of $74.14 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 1.28 and a beta of 1.44.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS 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 the consensus estimate of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company's revenue was up 4.2% on a year-over-year basis. During the same period last year, the business posted $1.48 EPS. Equities analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

PayPal Company 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.