Canada Pension Plan Investment Board Decreases Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Canada Pension Plan Investment Board trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 950,490 shares of the credit services provider’s stock after selling 100,763 shares during the quarter. Canada Pension Plan Investment Board owned 0.10% of PayPal worth $81,124,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of PYPL. Hurley Capital LLC purchased a new stake in PayPal in the 4th quarter worth about $27,000. Rosenberg Matthew Hamilton grew its stake in shares of PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after buying an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC raised its holdings in shares of PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after buying an additional 272 shares during the period. Bernard Wealth Management Corp. purchased a new position in PayPal during the 4th quarter valued at $37,000. Finally, Modus Advisors LLC bought a new position in PayPal in the 4th quarter valued at $37,000. Institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on PYPL shares. Morgan Stanley lifted their target price on PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Susquehanna boosted their price objective on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. Wells Fargo & Company reduced their target price on shares of PayPal from $80.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Wednesday. StockNews.com lowered PayPal from a “buy” rating to a “hold” rating in a report on Monday. Finally, Arete Research set a $81.00 price objective on PayPal in a report on Thursday, March 27th. Sixteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $86.84.

Insider Activity

In related news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the transaction, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.14% of the company’s stock.

PayPal Stock Performance

Shares of PYPL stock opened at $61.00 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The business has a fifty day moving average of $68.53 and a 200 day moving average of $79.28. The firm has a market capitalization of $60.34 billion, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same period last year, the business posted $1.48 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

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.