PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by TIAA Trust National Association

TIAA Trust National Association reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 30.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 176,808 shares of the credit services provider's stock after selling 77,354 shares during the quarter. TIAA Trust National Association's holdings in PayPal were worth $15,091,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PYPL. Gordian Capital Singapore Pte Ltd purchased a new stake in PayPal during the 3rd quarter valued at approximately $26,000. Rosenberg Matthew Hamilton grew its position 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 last quarter. Sugarloaf Wealth Management LLC increased its stake in PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after buying an additional 272 shares during the period. Legacy Investment Solutions LLC purchased a new position in PayPal during the 3rd quarter worth $36,000. Finally, Modus Advisors LLC acquired a new stake in shares of PayPal in the 4th quarter worth $37,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PYPL has been the subject of a number of analyst reports. JPMorgan Chase & Co. reissued an "overweight" rating on shares of PayPal in a research note on Tuesday, February 4th. Barclays boosted their target price on shares of PayPal from $92.00 to $110.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 17th. DZ Bank raised shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a report on Friday, February 28th. Robert W. Baird decreased their price target on PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Finally, Citigroup reaffirmed an "outperform" rating on shares of PayPal in a research note on Wednesday, February 5th. Sixteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $90.03.

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Insider Activity

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the firm'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 transaction, the director now owns 29,734 shares of the company's stock, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.14% of the company's stock.

PayPal Stock Down 5.4 %

NASDAQ:PYPL traded down $3.71 on Friday, reaching $65.15. The stock had a trading volume of 16,521,449 shares, compared to its average volume of 11,225,267. PayPal Holdings, Inc. has a 12-month low of $56.97 and a 12-month high of $93.66. The stock has a market cap of $64.45 billion, a P/E ratio of 16.25, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. 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 50-day moving average of $76.28 and a 200 day moving average of $80.82.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $8.27 billion. During the same quarter last year, the firm earned $1.48 EPS. PayPal's quarterly revenue was up 4.2% on a year-over-year basis. On average, research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

PayPal 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.