Public Employees Retirement Association of Colorado Reduces Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Public Employees Retirement Association of Colorado trimmed its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,265 shares of the credit services provider’s stock after selling 7,554 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in PayPal were worth $11,203,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PYPL. Anchor Investment Management LLC grew its holdings in shares of PayPal by 9.9% in the third quarter. Anchor Investment Management LLC now owns 35,219 shares of the credit services provider’s stock valued at $2,748,000 after purchasing an additional 3,175 shares during the period. Boyar Asset Management Inc. purchased a new stake in shares of PayPal in the 3rd quarter valued at approximately $208,000. World Investment Advisors LLC acquired a new stake in shares of PayPal during the 3rd quarter worth approximately $5,296,000. Sfmg LLC purchased a new stake in shares of PayPal during the 3rd quarter valued at approximately $234,000. Finally, Wilmington Savings Fund Society FSB grew its position in PayPal by 196.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 10,221 shares of the credit services provider’s stock worth $798,000 after acquiring an additional 6,772 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Price Performance

Shares of PYPL opened at $65.34 on Monday. The company has a market capitalization of $64.64 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The firm has a 50-day simple moving average of $66.76 and a 200-day simple moving average of $78.58. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating 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 company had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same period last year, the business posted $1.48 EPS. The company’s revenue was up 4.2% on a year-over-year basis. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Transactions at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the sale, the director now owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Monness Crespi & Hardt lowered their price target on PayPal from $120.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Susquehanna boosted their price target on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research note on Monday, January 6th. Compass Point initiated coverage on PayPal in a research report on Wednesday, April 23rd. They issued a “sell” rating and a $56.00 target price on the stock. JPMorgan Chase & Co. restated an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Finally, StockNews.com downgraded PayPal from a “buy” rating to a “hold” rating in a report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.88.

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.