BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Increases Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 12.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 185,977 shares of the credit services provider's stock after purchasing an additional 20,151 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in PayPal were worth $15,873,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Park Place Capital Corp boosted its stake in shares of PayPal by 6.6% during the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock valued at $161,000 after buying an additional 116 shares during the period. JFS Wealth Advisors LLC raised its holdings in shares of PayPal by 33.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock worth $43,000 after acquiring an additional 125 shares in the last quarter. Avalon Trust Co boosted its position in PayPal by 7.0% during the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock valued at $176,000 after purchasing an additional 135 shares during the last quarter. Security National Bank of SO Dak grew its stake in PayPal by 1.1% in the fourth quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider's stock valued at $1,041,000 after purchasing an additional 137 shares in the last quarter. Finally, Stegent Equity Advisors Inc. increased its position in PayPal by 3.2% in the 4th quarter. Stegent Equity Advisors Inc. now owns 4,546 shares of the credit services provider's stock worth $388,000 after purchasing an additional 142 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is owned by corporate insiders.

PayPal Stock Performance

NASDAQ PYPL opened at $71.65 on Thursday. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The company has a 50 day moving average of $66.23 and a 200-day moving average of $77.27. 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 firm has a market cap of $69.68 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 1.27 and a beta of 1.51.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.84 billion. During the same period last year, the firm posted $1.08 EPS. The business's revenue was up 1.2% on a year-over-year basis. On average, equities analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Seaport Res Ptn lowered PayPal from a "hold" rating to a "strong sell" rating in a report on Thursday, April 17th. Arete Research set a $81.00 target price on shares of PayPal in a research note on Thursday, March 27th. BTIG Research restated a "neutral" rating on shares of PayPal in a research note on Tuesday, February 4th. Barclays cut their price target on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, PayPal has an average rating of "Moderate Buy" and an average target price of $83.68.

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.

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