Public Employees Retirement Association of Colorado cut its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 131,265 shares of the credit services provider's stock after selling 7,554 shares during the period. Public Employees Retirement Association of Colorado's holdings in PayPal were worth $11,203,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Oxford Asset Management LLP purchased a new position in PayPal during the 4th quarter worth approximately $916,000. Susquehanna Fundamental Investments LLC purchased a new position in PayPal during the 4th quarter worth approximately $47,496,000. Virtus ETF Advisers LLC purchased a new position in PayPal during the 4th quarter worth approximately $1,175,000. Coldstream Capital Management Inc. raised its position in PayPal by 5.1% during the 4th quarter. Coldstream Capital Management Inc. now owns 15,144 shares of the credit services provider's stock worth $1,293,000 after buying an additional 737 shares during the last quarter. Finally, Three Seasons Wealth LLC purchased a new position in PayPal during the 4th quarter worth approximately $358,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the stock. Arete Research set a $81.00 price target on shares of PayPal in a research report on Thursday, March 27th. Seaport Res Ptn lowered shares of PayPal from a "hold" rating to a "strong sell" rating in a research report on Thursday, April 17th. Citigroup reaffirmed an "outperform" rating on shares of PayPal in a report on Wednesday, February 5th. StockNews.com lowered shares of PayPal from a "buy" rating to a "hold" rating in a report on Wednesday, April 23rd. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of PayPal in a report on Wednesday, February 26th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $85.88.
Get Our Latest Report on PYPL
Insider Activity
In related news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the sale, the director now directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.14% of the company's stock.
PayPal Trading Down 0.6 %
Shares of PYPL stock traded down $0.41 on Monday, hitting $64.93. 14,194,203 shares of the stock traded hands, compared to its average volume of 11,457,111. The firm's 50-day moving average price is $66.49 and its two-hundred day moving average price is $78.47. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $63.46 billion, a PE ratio of 16.19, a PEG ratio of 1.27 and a beta of 1.60. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66.
PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly 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. The firm had revenue of $8.37 billion for the quarter, compared to analysts' expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company's revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.48 EPS. As a group, analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.
About PayPal
(
Free Report)
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.
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