PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 431,062 shares of the credit services provider's stock after selling 27,818 shares during the quarter. Public Employees Retirement System of Ohio's holdings in PayPal were worth $36,791,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Geode Capital Management LLC raised its holdings in shares of PayPal by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider's stock valued at $1,849,884,000 after buying an additional 271,836 shares during the last quarter. FMR LLC increased its position in PayPal by 12.9% in the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock valued at $1,615,134,000 after acquiring an additional 2,161,582 shares during the period. Capital Research Global Investors raised its stake in PayPal by 108.2% during the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock valued at $1,529,823,000 after acquiring an additional 9,313,783 shares during the last quarter. Norges Bank acquired a new stake in PayPal during the 4th quarter worth approximately $1,086,508,000. Finally, Northern Trust Corp grew its stake in shares of PayPal by 19.0% in the 4th quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider's stock valued at $892,953,000 after purchasing an additional 1,669,908 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Insider Activity at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred on 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 directly owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. The trade was a 7.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

PayPal Price Performance

PYPL stock opened at $69.85 on Friday. The stock's 50 day moving average price is $66.28 and its 200 day moving average price is $77.16. The firm has a market cap of $67.93 billion, a P/E ratio of 17.42, a PEG ratio of 1.27 and a beta of 1.51. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.17. The business had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business's revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.08 earnings per share. On average, sell-side analysts expect 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 commented on the company. BMO Capital Markets cut their price target on PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a research note on Wednesday, April 30th. Compass Point initiated coverage on shares of PayPal in a research report on Wednesday, April 23rd. They set a "sell" rating and a $56.00 price objective for the company. UBS Group reduced their target price on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. DZ Bank upgraded shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 price target on the stock in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. reissued an "overweight" rating on shares of PayPal in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.