Public Sector Pension Investment Board Purchases 8,966 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Public Sector Pension Investment Board increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 157,570 shares of the credit services provider's stock after buying an additional 8,966 shares during the period. Public Sector Pension Investment Board's holdings in PayPal were worth $10,281,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Mpwm Advisory Solutions LLC purchased a new stake in shares of PayPal in the 4th quarter valued at about $25,000. Evermay Wealth Management LLC increased its position in shares of PayPal by 726.0% in the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock worth $27,000 after purchasing an additional 363 shares during the last quarter. Garde Capital Inc. bought a new position in shares of PayPal in the first quarter worth approximately $28,000. Tsfg LLC raised its stake in PayPal by 81.6% in the first quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Finally, Bernard Wealth Management Corp. bought a new stake in PayPal during the fourth quarter valued at approximately $34,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at PayPal

In other news, Director Deborah M. Messemer sold 3,795 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.00, for a total transaction of $277,035.00. Following the sale, the director owned 13,976 shares in the company, valued at approximately $1,020,248. The trade was a 21.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Diego Scotti sold 3,839 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $281,168.36. Following the completion of the sale, the executive vice president directly owned 16,989 shares in the company, valued at $1,244,274.36. This represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,736 shares of company stock worth $1,620,835 in the last ninety days. 0.08% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Canaccord Genuity Group reissued a "buy" rating and issued a $96.00 price target on shares of PayPal in a report on Wednesday, July 30th. JMP Securities lowered their price target on PayPal from $110.00 to $100.00 and set a "market outperform" rating on the stock in a research report on Wednesday, July 30th. Wells Fargo & Company cut their price objective on PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Royal Bank Of Canada reissued an "outperform" rating and set a $88.00 price objective on shares of PayPal in a report on Thursday, June 26th. Finally, Truist Financial began coverage on PayPal in a research report on Monday, June 2nd. They issued a "sell" rating and a $68.00 target price for the company. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $85.00.

PayPal Trading Down 1.8%

PYPL stock traded down $1.25 during trading on Thursday, reaching $69.38. The company had a trading volume of 10,669,716 shares, compared to its average volume of 12,971,066. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The business has a 50 day moving average of $72.64 and a 200 day moving average of $71.07. The company has a market cap of $66.28 billion, a P/E ratio of 14.82, a PEG ratio of 1.09 and a beta of 1.42.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.10. The firm had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.08 billion. PayPal had a return on equity of 25.35% and a net margin of 14.49%. During the same quarter in the prior year, the company earned $1.19 EPS. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal 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.