PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 30.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 396,638 shares of the credit services provider's stock after selling 176,558 shares during the quarter. Toronto Dominion Bank's holdings in PayPal were worth $33,853,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PYPL. J. Goldman & Co LP lifted its stake in shares of PayPal by 11.9% during the 4th quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider's stock worth $22,304,000 after buying an additional 27,812 shares during the last quarter. Nikko Asset Management Americas Inc. increased its holdings in PayPal by 2.7% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider's stock valued at $59,489,000 after buying an additional 18,172 shares during the period. ExodusPoint Capital Management LP grew its holdings in shares of PayPal by 223.1% during the 4th quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider's stock valued at $22,622,000 after purchasing an additional 183,011 shares during the last quarter. StoneX Group Inc. grew its stake in shares of PayPal by 70.4% during the fourth quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider's stock worth $2,326,000 after buying an additional 11,260 shares during the last quarter. Finally, Ring Mountain Capital LLC bought a new stake in shares of PayPal during the fourth quarter worth $581,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on PYPL shares. UBS Group reduced their price objective on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Royal Bank of Canada cut their target price on shares of PayPal from $104.00 to $88.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Wells Fargo & Company decreased their target price on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. reissued an "overweight" rating on shares of PayPal in a research report on Tuesday, February 4th. Finally, Robert W. Baird increased their target price on shares of PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, PayPal currently has a consensus rating of "Moderate Buy" and an average price target of $83.68.

PayPal Stock Performance

Shares of PYPL stock traded up $0.29 during trading hours on Tuesday, hitting $72.61. The stock had a trading volume of 8,392,025 shares, compared to its average volume of 11,256,754. The firm has a market capitalization of $70.62 billion, a PE ratio of 18.11, a PEG ratio of 1.27 and a beta of 1.51. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The stock's 50 day moving average is $66.17 and its 200 day moving average is $77.31. 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 (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 the consensus estimate of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. During the same period last year, the company earned $1.08 earnings per share. The company's revenue for the quarter was up 1.2% on a year-over-year basis. As a group, research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. This trade represents a 7.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is currently owned by company insiders.

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.