Ensign Peak Advisors Inc Has $111.71 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Ensign Peak Advisors Inc lowered its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 20.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,308,856 shares of the credit services provider's stock after selling 346,060 shares during the period. Ensign Peak Advisors Inc owned approximately 0.13% of PayPal worth $111,711,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. grew its stake in PayPal by 2.1% in the third quarter. Principal Financial Group Inc. now owns 1,182,316 shares of the credit services provider's stock worth $92,256,000 after purchasing an additional 24,193 shares in the last quarter. Diversified Trust Co grew its position in shares of PayPal by 1.7% in the 4th quarter. Diversified Trust Co now owns 17,813 shares of the credit services provider's stock worth $1,520,000 after acquiring an additional 298 shares in the last quarter. Fulton Bank N.A. increased its holdings in shares of PayPal by 10.1% in the 4th quarter. Fulton Bank N.A. now owns 6,959 shares of the credit services provider's stock valued at $594,000 after acquiring an additional 640 shares during the last quarter. Baker Tilly Wealth Management LLC raised its position in shares of PayPal by 6.5% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 4,936 shares of the credit services provider's stock valued at $421,000 after acquiring an additional 303 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in PayPal by 2.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 75,060 shares of the credit services provider's stock worth $5,857,000 after purchasing an additional 1,523 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Stock Down 0.3 %

PYPL traded down $0.22 on Friday, reaching $70.26. 7,467,331 shares of the company traded hands, compared to its average volume of 11,252,074. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market cap of $68.33 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 1.27 and a beta of 1.51. The stock's 50 day moving average price is $65.65 and its 200-day moving average price is $77.70.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. During the same period last year, the company earned $1.08 earnings per share. PayPal's quarterly revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

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 stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on PYPL. UBS Group dropped their target price on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. BMO Capital Markets cut their target price on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating on the stock in a report on Wednesday, April 30th. DZ Bank raised 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. Piper Sandler reduced their price objective on PayPal from $76.00 to $70.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of PayPal in a research report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, fifteen have issued 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, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.68.

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.