Retirement Systems of Alabama Has $18.53 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Retirement Systems of Alabama lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 217,059 shares of the credit services provider’s stock after selling 10,593 shares during the period. Retirement Systems of Alabama’s holdings in PayPal were worth $18,526,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Old North State Wealth Management LLC raised its stake in PayPal by 6.2% during the fourth quarter. Old North State Wealth Management LLC now owns 43,027 shares of the credit services provider’s stock worth $3,672,000 after buying an additional 2,513 shares during the last quarter. E. Ohman J or Asset Management AB raised its position in shares of PayPal by 6.8% in the 4th quarter. E. Ohman J or Asset Management AB now owns 43,790 shares of the credit services provider’s stock worth $3,737,000 after acquiring an additional 2,790 shares in the last quarter. Mather Group LLC. lifted its stake in shares of PayPal by 12.0% in the 4th quarter. Mather Group LLC. now owns 1,782 shares of the credit services provider’s stock valued at $152,000 after purchasing an additional 191 shares during the period. Tandem Capital Management Corp ADV boosted its position in shares of PayPal by 30.6% during the 4th quarter. Tandem Capital Management Corp ADV now owns 9,592 shares of the credit services provider’s stock valued at $819,000 after purchasing an additional 2,250 shares in the last quarter. Finally, Trust Point Inc. grew its stake in PayPal by 5.7% during the fourth quarter. Trust Point Inc. now owns 5,092 shares of the credit services provider’s stock worth $435,000 after purchasing an additional 276 shares during the period. 68.32% of the stock is owned by institutional investors.

PayPal Stock Down 0.8 %

PayPal stock opened at $78.57 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $78.77 billion, a P/E ratio of 18.75, a P/E/G ratio of 1.49 and a beta of 1.44. The firm has a 50 day moving average price of $87.87 and a 200-day moving average price of $79.39. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $93.66.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same period last year, the business posted $1.48 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities analysts predict that PayPal Holdings, Inc. will post 4.58 EPS for the current year.

Analyst Ratings Changes

PYPL has been the topic of several recent analyst reports. Barclays boosted their price target on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Citigroup increased their target price on shares of PayPal from $97.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and lifted their price target for the company from $86.00 to $103.00 in a research note on Monday, December 9th. Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective on the stock in a research report on Friday, December 13th. Finally, Monness Crespi & Hardt boosted their target price on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.29.

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.