PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 14.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,689 shares of the credit services provider's stock after selling 10,006 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in PayPal were worth $5,094,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of PYPL. Hurley Capital LLC purchased a new stake in PayPal in the 4th quarter valued at about $27,000. Rosenberg Matthew Hamilton boosted its holdings in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after purchasing an additional 125 shares during the period. Bernard Wealth Management Corp. bought a new position in PayPal in the fourth quarter worth approximately $37,000. Crowley Wealth Management Inc. purchased a new position in PayPal during the 4th quarter worth $39,000. Finally, Bank of Jackson Hole Trust bought a new stake in PayPal during the 4th quarter valued at $41,000. Institutional investors own 68.32% of the company's stock.

Insider Activity at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PYPL. Canaccord Genuity Group restated a "buy" rating and set a $96.00 price target on shares of PayPal in a research note on Wednesday, April 30th. Citigroup lowered their price target on shares of PayPal from $98.00 to $95.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Macquarie cut their price objective on shares of PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Piper Sandler lowered their target price on PayPal from $76.00 to $70.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Finally, UBS Group cut their price target on PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Two 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.68.

PayPal Trading Up 0.9%

Shares of NASDAQ PYPL traded up $0.61 during trading on Friday, hitting $72.18. 8,703,318 shares of the company were exchanged, compared to its average volume of 11,239,429. The company has a fifty day moving average price of $65.90 and a 200-day moving average price of $77.45. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $70.20 billion, a PE ratio of 18.00, a P/E/G ratio of 1.27 and a beta of 1.51.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. During the same quarter in the previous year, the business 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, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.