TD Waterhouse Canada Inc. Trims Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

TD Waterhouse Canada Inc. lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 49.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,660 shares of the credit services provider's stock after selling 58,274 shares during the period. TD Waterhouse Canada Inc.'s holdings in PayPal were worth $5,091,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of PayPal by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider's stock worth $1,849,884,000 after purchasing an additional 271,836 shares during the last quarter. FMR LLC grew its stake in PayPal by 12.9% in the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock worth $1,615,134,000 after acquiring an additional 2,161,582 shares in the last quarter. Capital Research Global Investors increased its position in shares of PayPal by 108.2% during the fourth quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock worth $1,529,823,000 after acquiring an additional 9,313,783 shares during the period. Norges Bank bought a new stake in shares of PayPal during the fourth quarter valued at approximately $1,086,508,000. Finally, Invesco Ltd. grew its stake in PayPal by 1.8% in the fourth quarter. Invesco Ltd. now owns 8,283,915 shares of the credit services provider's stock worth $707,032,000 after purchasing an additional 144,402 shares in the last quarter. Institutional investors own 68.32% of the company's stock.

PayPal Price Performance

PYPL stock traded up $2.31 during trading on Thursday, hitting $64.77. The stock had a trading volume of 10,866,397 shares, compared to its average volume of 11,468,781. The company's 50-day moving average price is $67.03 and its two-hundred day moving average price is $78.72. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The stock has a market capitalization of $64.07 billion, a P/E ratio of 16.15, a PEG ratio of 1.27 and a beta of 1.60. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.

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

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred 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 transaction, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.14% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PYPL shares. DZ Bank raised PayPal from a "hold" rating to a "buy" rating and set a $92.00 price target on the stock in a research report on Friday, February 28th. Bank of America cut their target price on shares of PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Barclays lowered their price target on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. reissued an "overweight" rating on shares of PayPal in a report on Tuesday, February 4th. Finally, Arete Research set a $81.00 target price on PayPal in a report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, PayPal currently has an average rating of "Moderate Buy" and a consensus target price of $85.88.

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.