Strs Ohio decreased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 10.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 276,299 shares of the credit services provider's stock after selling 31,207 shares during the period. Strs Ohio's holdings in PayPal were worth $16,130,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of PYPL. Vanguard Group Inc. grew its stake in shares of PayPal by 6.5% during the fourth quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider's stock valued at $5,276,205,000 after purchasing an additional 5,534,462 shares during the last quarter. National Pension Service grew its stake in shares of PayPal by 1.8% during the third quarter. National Pension Service now owns 2,855,897 shares of the credit services provider's stock valued at $191,516,000 after purchasing an additional 51,268 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of PayPal by 7.9% during the third quarter. Nordea Investment Management AB now owns 4,292,583 shares of the credit services provider's stock valued at $291,338,000 after purchasing an additional 313,180 shares during the last quarter. Rakuten Investment Management Inc. bought a new stake in shares of PayPal during the third quarter valued at approximately $13,210,000. Finally, Ariose Capital Management Ltd grew its stake in shares of PayPal by 347.0% during the third quarter. Ariose Capital Management Ltd now owns 193,100 shares of the credit services provider's stock valued at $12,949,000 after purchasing an additional 149,898 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.
Insiders Place Their Bets
In other PayPal news, CAO Chris Natali sold 1,337 shares of the stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $49.46, for a total value of $66,128.02. Following the sale, the chief accounting officer directly owned 1,586 shares in the company, valued at approximately $78,443.56. This trade represents a 45.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 13,515 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total transaction of $621,960.30. Following the completion of the sale, the insider owned 30,983 shares in the company, valued at approximately $1,425,837.66. This trade represents a 30.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 99,677 shares of company stock worth $4,433,834. Company insiders own 0.63% of the company's stock.
PayPal Price Performance
Shares of PYPL stock opened at $50.44 on Monday. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.50. The stock has a market cap of $45.38 billion, a PE ratio of 9.32, a PEG ratio of 1.45 and a beta of 1.39. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.29 and a current ratio of 1.29. The firm's 50 day moving average price is $46.63 and its two-hundred day moving average price is $54.43.
PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.29 by ($0.06). PayPal had a net margin of 15.77% and a return on equity of 25.42%. The business had revenue of $8.68 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same period in the previous year, the business posted $1.19 earnings per share. PayPal's revenue was up 4.0% compared to the same quarter last year. As a group, analysts forecast that PayPal Holdings, Inc. will post 5.31 EPS for the current year.
Key Headlines Impacting PayPal
Here are the key news stories impacting PayPal this week:
Wall Street Analyst Weigh In
Several analysts have recently commented on PYPL shares. Robert W. Baird set a $52.00 price target on shares of PayPal in a research note on Wednesday, February 4th. Evercore decreased their price target on shares of PayPal from $65.00 to $40.00 and set an "in-line" rating on the stock in a research note on Tuesday, February 3rd. Wolfe Research reissued a "sell" rating on shares of PayPal in a research note on Monday, February 23rd. Truist Financial increased their price target on shares of PayPal from $39.00 to $45.00 and gave the company a "sell" rating in a research note on Friday, April 24th. Finally, Jefferies Financial Group reissued a "hold" rating on shares of PayPal in a research note on Wednesday, January 7th. Seven research analysts have rated the stock with a Buy rating, thirty-three have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $56.55.
Check Out Our Latest Research Report on PayPal
PayPal Company Profile
(
Free Report)
PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal's platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.
Key products and services in PayPal's portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree's developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.
Featured Articles
Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report).
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