Strs Ohio Decreases Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Strs Ohio reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 469,425 shares of the credit services provider's stock after selling 19,108 shares during the period. Strs Ohio's holdings in PayPal were worth $28,827,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. State Street Corp grew its holdings in PayPal by 2.7% during the 1st quarter. State Street Corp now owns 45,423,344 shares of the credit services provider's stock worth $3,449,434,000 after acquiring an additional 1,202,956 shares during the period. Geode Capital Management LLC grew its stake in shares of PayPal by 1.1% in the 1st quarter. Geode Capital Management LLC now owns 20,947,345 shares of the credit services provider's stock valued at $1,586,966,000 after buying an additional 235,651 shares during the period. Morgan Stanley grew its stake in shares of PayPal by 4.5% in the 3rd quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider's stock valued at $1,173,254,000 after buying an additional 873,181 shares during the period. Moneta Group Investment Advisors LLC grew its stake in shares of PayPal by 110,462.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 17,136,071 shares of the credit services provider's stock valued at $1,220,431,000 after buying an additional 17,120,572 shares during the period. Finally, Norges Bank acquired a new stake in shares of PayPal in the 4th quarter valued at about $1,022,333,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Performance

PayPal stock traded down $0.08 during mid-day trading on Tuesday, reaching $63.43. The company's stock had a trading volume of 9,908,849 shares, compared to its average volume of 16,844,650. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $77.95. The firm's fifty day moving average price is $62.15 and its two-hundred day moving average price is $59.86. The company has a market capitalization of $66.77 billion, a P/E ratio of 16.52, a PEG ratio of 1.47 and a beta of 1.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period in the previous year, the business earned $1.01 earnings per share. The firm's quarterly revenue was up 8.7% compared to the same quarter last year. Sell-side analysts predict that PayPal Holdings, Inc. will post 3.93 EPS for the current fiscal year.

Analysts Set New Price Targets

PYPL has been the subject of several research reports. William Blair restated an "outperform" rating on shares of PayPal in a research note on Thursday, February 8th. Argus downgraded PayPal from a "buy" rating to a "hold" rating in a research note on Friday, February 9th. Daiwa Capital Markets downgraded PayPal from an "outperform" rating to a "neutral" rating and reduced their target price for the company from $64.00 to $62.00 in a research note on Tuesday, February 13th. BTIG Research reiterated a "neutral" rating on shares of PayPal in a research note on Friday, January 5th. Finally, Citigroup cut their price target on PayPal from $76.00 to $73.00 and set a "buy" rating for the company in a research note on Thursday, February 8th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $70.47.

Insider Buying and Selling

In related news, SVP Frank Keller sold 7,686 shares of the company's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the transaction, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by company insiders.

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.