PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Wesleyan Assurance Society

Wesleyan Assurance Society reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 144,850 shares of the credit services provider's stock after selling 6,000 shares during the quarter. Wesleyan Assurance Society's holdings in PayPal were worth $12,361,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in shares of PayPal by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider's stock worth $1,849,884,000 after acquiring an additional 271,836 shares during the last quarter. FMR LLC lifted its holdings in shares of PayPal by 12.9% in the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock worth $1,615,134,000 after acquiring an additional 2,161,582 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of PayPal by 108.2% in the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock worth $1,529,823,000 after acquiring an additional 9,313,783 shares during the last quarter. Norges Bank acquired a new position in shares of PayPal in the 4th quarter worth approximately $1,086,508,000. Finally, Northern Trust Corp lifted its holdings 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 worth $892,953,000 after acquiring an additional 1,669,908 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Up 0.2%

Shares of NASDAQ:PYPL opened at $72.32 on Tuesday. The stock has a market cap of $70.33 billion, a P/E ratio of 18.03, a P/E/G ratio of 1.27 and a beta of 1.51. The firm has a fifty day moving average price of $66.06 and a 200 day moving average price of $77.34. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick 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 results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.84 billion. During the same quarter in the prior year, the business earned $1.08 EPS. PayPal's quarterly revenue was up 1.2% compared to the same quarter last year. Sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Transactions at PayPal

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 transaction of $176,478.90. Following the completion of the transaction, the director now directly 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 link. Company insiders own 0.14% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Seaport Res Ptn downgraded shares of PayPal from a "hold" rating to a "strong sell" rating in a research note on Thursday, April 17th. Compass Point assumed coverage on shares of PayPal in a research note on Wednesday, April 23rd. They set a "sell" rating and a $56.00 target price on the stock. 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 research note on Wednesday, April 30th. Robert W. Baird upped their target price on shares of PayPal from $78.00 to $79.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Finally, Citigroup cut their target price on shares of PayPal from $98.00 to $95.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, fifteen have given 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.com, PayPal presently has an average rating of "Moderate Buy" and a consensus price target 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.

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