South Dakota Investment Council Has $24.43 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

South Dakota Investment Council trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 397,869 shares of the credit services provider's stock after selling 12,200 shares during the quarter. PayPal comprises 0.5% of South Dakota Investment Council's portfolio, making the stock its 29th biggest holding. South Dakota Investment Council's holdings in PayPal were worth $24,433,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Nordea Investment Management AB increased its holdings in shares of PayPal by 420.6% during the 3rd quarter. Nordea Investment Management AB now owns 3,238,980 shares of the credit services provider's stock worth $190,371,000 after purchasing an additional 2,616,774 shares during the period. FMR LLC lifted its position in shares of PayPal by 29.5% in the 3rd quarter. FMR LLC now owns 6,916,982 shares of the credit services provider's stock worth $404,367,000 after acquiring an additional 1,575,930 shares during the period. LSV Asset Management grew its holdings in shares of PayPal by 271.6% during the 3rd quarter. LSV Asset Management now owns 1,533,300 shares of the credit services provider's stock worth $89,637,000 after purchasing an additional 1,120,700 shares in the last quarter. Morgan Stanley increased its position in shares of PayPal by 4.5% during the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider's stock valued at $1,173,254,000 after purchasing an additional 873,181 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of PayPal by 56.5% in the third quarter. Envestnet Asset Management Inc. now owns 2,395,312 shares of the credit services provider's stock valued at $140,030,000 after purchasing an additional 864,684 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PYPL shares. UBS Group increased their price target on shares of PayPal from $56.00 to $63.00 and gave the stock a "neutral" rating in a research report on Friday, March 1st. Citigroup decreased their price target on PayPal from $76.00 to $73.00 and set a "buy" rating on the stock in a research note on Thursday, February 8th. Monness Crespi & Hardt dropped their price objective on PayPal from $95.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, February 8th. Argus cut PayPal from a "buy" rating to a "hold" rating in a report on Friday, February 9th. Finally, Daiwa Capital Markets lowered shares of PayPal from an "outperform" rating to a "neutral" rating and lowered their target price for the stock from $64.00 to $62.00 in a report on Tuesday, February 13th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $70.47.

PayPal Stock Up 2.0 %

Shares of PYPL traded up $1.24 during midday trading on Tuesday, hitting $64.43. The stock had a trading volume of 9,897,597 shares, compared to its average volume of 16,395,941. The firm has a market cap of $67.82 billion, a price-to-earnings ratio of 16.78, a price-to-earnings-growth ratio of 1.38 and a beta of 1.45. The company has a 50 day simple moving average of $62.53 and a two-hundred day simple moving average of $60.04. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54. 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 results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share 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 analysts' expectations of $7.88 billion. During the same period last year, the business earned $1.01 EPS. The business's quarterly revenue was up 8.7% on a year-over-year basis. On average, analysts anticipate that PayPal Holdings, Inc. will post 4.04 EPS for the current year.

Insider Transactions at PayPal

In other PayPal 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 transaction of $466,079.04. Following the sale, the senior vice president now directly owns 23,430 shares of the company's stock, valued at $1,420,795.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.13% of the company's stock.

PayPal Company 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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