PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 319,190 shares of the credit services provider's stock after selling 22,070 shares during the quarter. Nisa Investment Advisors LLC's holdings in PayPal were worth $19,601,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Vestcor Inc boosted its holdings in PayPal by 0.5% during the 4th quarter. Vestcor Inc now owns 26,063 shares of the credit services provider's stock worth $1,856,000 after acquiring an additional 140 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its holdings in PayPal by 1.0% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 15,056 shares of the credit services provider's stock worth $1,072,000 after acquiring an additional 143 shares during the last quarter. Oxford Financial Group Ltd. boosted its holdings in PayPal by 4.9% during the 1st quarter. Oxford Financial Group Ltd. now owns 3,196 shares of the credit services provider's stock worth $370,000 after acquiring an additional 150 shares during the last quarter. Donaldson Capital Management LLC boosted its holdings in PayPal by 5.3% during the 1st quarter. Donaldson Capital Management LLC now owns 3,095 shares of the credit services provider's stock worth $358,000 after acquiring an additional 155 shares during the last quarter. Finally, Pine Haven Investment Counsel Inc boosted its holdings in PayPal by 3.7% during the 4th quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider's stock worth $289,000 after acquiring an additional 170 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PYPL shares. JPMorgan Chase & Co. cut their price objective on shares of PayPal from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, February 8th. Oppenheimer reiterated a "market perform" rating on shares of PayPal in a research note on Thursday, January 25th. Mizuho lowered their target price on PayPal from $65.00 to $60.00 and set a "neutral" rating on the stock in a research note on Thursday, February 8th. UBS Group lifted their target price on PayPal from $56.00 to $63.00 and gave the stock a "neutral" rating in a research note on Friday, March 1st. Finally, BTIG Research reiterated a "neutral" rating on shares of PayPal in a research note on Friday, January 5th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $70.47.

PayPal Price Performance

Shares of PYPL traded up $1.19 during midday trading on Monday, hitting $66.34. 8,411,351 shares of the company traded hands, compared to its average volume of 17,507,775. The stock has a 50-day moving average of $61.84 and a 200-day moving average of $59.58. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $77.95. The firm has a market cap of $71.10 billion, a P/E ratio of 17.28, a PEG ratio of 1.47 and a beta of 1.45. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.36 by $0.12. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the previous year, the firm earned $1.01 earnings per share. PayPal's revenue was up 8.7% on a year-over-year basis. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 3.95 EPS for the current fiscal year.

Insider Transactions at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the business's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the completion of the transaction, the senior vice president now owns 23,430 shares of the company's stock, valued at $1,420,795.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by 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.