Louisiana State Employees Retirement System Has $10.85 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Louisiana State Employees Retirement System cut its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127,100 shares of the credit services provider’s stock after selling 8,500 shares during the period. Louisiana State Employees Retirement System’s holdings in PayPal were worth $10,848,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Relyea Zuckerberg Hanson LLC lifted its holdings in PayPal by 113.8% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after buying an additional 3,976 shares during the period. World Investment Advisors LLC bought a new stake in shares of PayPal during the 3rd quarter valued at $387,435,000. United Advisor Group LLC acquired a new position in shares of PayPal in the 3rd quarter valued at $810,000. FCG Investment Co bought a new position in shares of PayPal in the 3rd quarter worth $1,079,000. Finally, Equity Investment Corp grew its stake in shares of PayPal by 3.5% during the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after purchasing an additional 67,497 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Stephens increased their target price on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research report on Wednesday, February 5th. Susquehanna boosted their price objective on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. Robert W. Baird cut their target price on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. boosted their price target on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Thirteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.52.

PayPal Price Performance

NASDAQ:PYPL opened at $76.21 on Wednesday. The stock’s 50-day simple moving average is $87.35 and its 200 day simple moving average is $79.93. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.26. The company has a market cap of $75.39 billion, a P/E ratio of 19.01, a P/E/G ratio of 1.29 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.48 EPS. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal 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.