Public Employees Retirement Association of Colorado Has $11.20 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Public Employees Retirement Association of Colorado lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 5.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 131,265 shares of the credit services provider's stock after selling 7,554 shares during the period. Public Employees Retirement Association of Colorado's holdings in PayPal were worth $11,203,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of PYPL. Hurley Capital LLC purchased a new stake in shares of PayPal in the fourth quarter valued at about $27,000. Rosenberg Matthew Hamilton raised its stake in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after acquiring an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC lifted its position in PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after acquiring an additional 272 shares during the period. Bernard Wealth Management Corp. purchased a new position in shares of PayPal in the 4th quarter valued at approximately $37,000. Finally, Modus Advisors LLC acquired a new position in shares of PayPal in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Stock Performance

Shares of NASDAQ:PYPL traded down $0.48 on Wednesday, hitting $65.84. The company's stock had a trading volume of 10,265,474 shares, compared to its average volume of 12,050,668. The company has a market capitalization of $64.35 billion, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. 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 stock's 50-day moving average is $66.27 and its two-hundred day moving average is $78.39. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS 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 for the quarter, compared to analysts' expectations of $7.84 billion. During the same quarter in the previous year, the company earned $1.08 earnings per share. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Activity at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the sale, the director now directly owns 29,734 shares of the company's stock, 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 SEC, which is available at the SEC website. Company insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PYPL shares. BTIG Research restated a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. Evercore ISI initiated coverage on shares of PayPal in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 price objective for the company. Bank of America reduced their price target on PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a report on Monday, April 14th. Wells Fargo & Company cut their price target on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, BMO Capital Markets lowered their target price on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $83.72.

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.