National Bank of Canada FI Has $70.92 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

National Bank of Canada FI increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 27.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,086,967 shares of the credit services provider's stock after buying an additional 236,283 shares during the quarter. National Bank of Canada FI owned approximately 0.11% of PayPal worth $70,916,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PYPL. Brighton Jones LLC lifted its holdings in PayPal by 15.2% during the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock valued at $596,000 after purchasing an additional 924 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in PayPal during the 4th quarter valued at $248,000. Martingale Asset Management L P acquired a new stake in PayPal during the 4th quarter valued at $459,000. Bessemer Group Inc. lifted its holdings in PayPal by 7.1% during the 4th quarter. Bessemer Group Inc. now owns 15,715 shares of the credit services provider's stock valued at $1,340,000 after purchasing an additional 1,035 shares during the last quarter. Finally, Scotia Capital Inc. lifted its holdings in PayPal by 5.0% during the 4th quarter. Scotia Capital Inc. now owns 143,613 shares of the credit services provider's stock valued at $12,257,000 after purchasing an additional 6,848 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Canaccord Genuity Group reaffirmed a "buy" rating and set a $96.00 price target on shares of PayPal in a report on Wednesday, July 30th. Morgan Stanley reaffirmed a "positive" rating on shares of PayPal in a report on Wednesday, July 30th. Needham & Company LLC reaffirmed a "hold" rating on shares of PayPal in a report on Wednesday, April 30th. Wall Street Zen raised PayPal from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Seaport Res Ptn raised PayPal from a "strong sell" rating to a "hold" rating in a report on Monday, July 14th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $84.57.

PayPal Stock Performance

PayPal stock opened at $67.65 on Friday. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The business's 50-day moving average price is $72.89 and its two-hundred day moving average price is $71.65. The stock has a market cap of $64.63 billion, a PE ratio of 14.46, a P/E/G ratio of 1.05 and a beta of 1.42.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.30 by $0.10. PayPal had a return on equity of 25.35% and a net margin of 14.49%. The firm had revenue of $8.29 billion for the quarter, compared to analysts' expectations of $8.08 billion. During the same quarter in the previous year, the business posted $1.19 earnings per share. As a group, analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other PayPal news, CAO Chris Natali sold 7,102 shares of PayPal stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $69.35, for a total value of $492,523.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Deborah M. Messemer sold 3,795 shares of PayPal stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.00, for a total value of $277,035.00. Following the completion of the transaction, the director owned 13,976 shares in the company, valued at approximately $1,020,248. This represents a 21.36% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,736 shares of company stock worth $1,620,835. Insiders own 0.08% of the company's stock.

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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