Oregon Public Employees Retirement Fund lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 1.7% during the fourth quarter, Holdings Channel reports. The firm owned 85,982 shares of the credit services provider’s stock after selling 1,480 shares during the period. Oregon Public Employees Retirement Fund’s holdings in PayPal were worth $7,339,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PYPL. Sabal Trust CO increased its holdings in shares of PayPal by 143.6% in the 4th quarter. Sabal Trust CO now owns 7,925 shares of the credit services provider’s stock valued at $676,000 after acquiring an additional 4,672 shares during the period. National Pension Service increased its holdings in shares of PayPal by 18.2% in the 4th quarter. National Pension Service now owns 2,462,886 shares of the credit services provider’s stock valued at $210,207,000 after acquiring an additional 378,488 shares during the period. Lake Street Advisors Group LLC increased its holdings in shares of PayPal by 7.9% in the 4th quarter. Lake Street Advisors Group LLC now owns 12,636 shares of the credit services provider’s stock valued at $1,078,000 after acquiring an additional 925 shares during the period. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of PayPal in the 4th quarter valued at $70,000. Finally, Synergy Financial Group LTD increased its holdings in shares of PayPal by 36.8% in the 4th quarter. Synergy Financial Group LTD now owns 6,916 shares of the credit services provider’s stock valued at $590,000 after acquiring an additional 1,861 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.
Wall Street Analysts Forecast Growth
PYPL has been the topic of a number of recent research reports. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and lifted their target price for the company from $86.00 to $103.00 in a report on Monday, December 9th. Canaccord Genuity Group lifted their target price on shares of PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. BMO Capital Markets lifted their target price on shares of PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Piper Sandler boosted their price objective on shares of PayPal from $88.00 to $93.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Fourteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and a consensus price target of $90.55.
PayPal Price Performance
PayPal stock opened at $72.05 on Thursday. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm’s 50-day simple moving average is $84.25 and its 200 day simple moving average is $80.96. The firm has a market capitalization of $71.27 billion, a PE ratio of 17.97, a P/E/G ratio of 1.27 and a beta of 1.44.
PayPal (NASDAQ:PYPL – Get Free Report) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The company had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.48 EPS. On average, equities research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.
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.
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