PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 991,590 shares of the credit services provider's stock after selling 36,355 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of PayPal worth $84,632,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Asset Planning Inc acquired a new position in PayPal during the fourth quarter worth $46,000. Root Financial Partners LLC acquired a new position in PayPal during the fourth quarter worth $208,000. Catalyst Financial Partners LLC raised its position in PayPal by 9.0% during the fourth quarter. Catalyst Financial Partners LLC now owns 3,618 shares of the credit services provider's stock worth $309,000 after acquiring an additional 300 shares during the period. Avestar Capital LLC raised its position in PayPal by 12.2% during the fourth quarter. Avestar Capital LLC now owns 9,106 shares of the credit services provider's stock worth $777,000 after acquiring an additional 991 shares during the period. Finally, Sawgrass Asset Management LLC grew its holdings in shares of PayPal by 4.4% during the fourth quarter. Sawgrass Asset Management LLC now owns 14,944 shares of the credit services provider's stock worth $1,275,000 after buying an additional 631 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Up 1.8 %

NASDAQ:PYPL traded up $1.38 during mid-day trading on Friday, hitting $77.97. The stock had a trading volume of 10,494,275 shares, compared to its average volume of 11,522,234. The stock has a 50-day simple moving average of $86.66 and a two-hundred day simple moving average of $80.01. The company has a market capitalization of $77.13 billion, a PE ratio of 19.44, a PEG ratio of 1.29 and a beta of 1.44. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results 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. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $8.37 billion for the quarter, compared to analysts' expectations of $8.27 billion. During the same quarter last year, the company earned $1.48 earnings per share. The firm's revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PYPL shares. Needham & Company LLC reaffirmed a "hold" rating on shares of PayPal in a report on Wednesday, February 5th. Phillip Securities reaffirmed an "accumulate" rating and set a $90.00 target price (up previously from $80.00) on shares of PayPal in a report on Friday, November 1st. JPMorgan Chase & Co. upped their target price on shares of PayPal from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Stephens upped their target price on shares of PayPal from $75.00 to $85.00 and gave the stock an "equal weight" rating in a report on Friday, October 18th. Finally, Canaccord Genuity Group upped their target price on shares of PayPal from $80.00 to $96.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Thirteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, PayPal currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.52.

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.