Public Employees Retirement Association of Colorado Has $56.66 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Public Employees Retirement Association of Colorado reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 194,377 shares of the credit services provider’s stock after selling 4,591 shares during the period. Public Employees Retirement Association of Colorado’s holdings in PayPal were worth $56,657,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Permanens Capital L.P. acquired a new stake in PayPal during the 1st quarter worth approximately $27,000. Sawyer & Company Inc raised its holdings in shares of PayPal by 566.7% in the second quarter. Sawyer & Company Inc now owns 100 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 85 shares during the last quarter. Parisi Gray Wealth Management acquired a new stake in shares of PayPal in the second quarter valued at approximately $35,000. JTC Employer Solutions Trusteee Ltd bought a new stake in shares of PayPal in the second quarter worth $38,000. Finally, Rocky Mountain Advisers LLC boosted its holdings in PayPal by 218.4% during the second quarter. Rocky Mountain Advisers LLC now owns 156 shares of the credit services provider’s stock worth $45,000 after purchasing an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Shares of NASDAQ:PYPL traded up $10.57 on Thursday, reaching $266.93. 365,422 shares of the company’s stock were exchanged, compared to its average volume of 7,354,709. The company has a fifty day moving average of $274.54 and a 200-day moving average of $272.27. PayPal Holdings, Inc. has a twelve month low of $174.81 and a twelve month high of $310.16. The company has a market capitalization of $313.65 billion, a price-to-earnings ratio of 65.02, a PEG ratio of 3.75 and a beta of 1.15. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.43.

PayPal (NASDAQ:PYPL) last announced its earnings results on Wednesday, July 28th. The credit services provider reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.31. The firm had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6.32 billion. PayPal had a net margin of 20.42% and a return on equity of 20.07%. During the same quarter in the prior year, the business posted $1.07 EPS. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 3.48 EPS for the current fiscal year.

A number of research firms have recently commented on PYPL. Piper Sandler increased their price objective on shares of PayPal from $300.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, July 29th. Barclays increased their price objective on shares of PayPal from $318.00 to $343.00 and gave the stock an “overweight” rating in a research note on Thursday, July 22nd. DA Davidson began coverage on shares of PayPal in a research note on Wednesday, June 23rd. They set a “buy” rating and a $325.00 price objective for the company. Bank of America restated a “buy” rating on shares of PayPal in a research note on Monday, August 30th. Finally, Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Thursday, July 29th. Four equities research analysts have rated the stock with a hold rating and thirty-four have assigned a buy rating to the company’s stock. According to MarketBeat.com, PayPal currently has an average rating of “Buy” and a consensus target price of $318.92.

In related news, EVP Mark Britto sold 9,000 shares of the stock in a transaction that occurred on Friday, July 30th. The shares were sold at an average price of $279.15, for a total transaction of $2,512,350.00. Following the sale, the executive vice president now owns 122,583 shares in the company, valued at approximately $34,219,044.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Daniel H. Schulman sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 30th. The shares were sold at an average price of $276.81, for a total transaction of $2,768,100.00. Following the completion of the sale, the chief executive officer now owns 245,770 shares in the company, valued at approximately $68,031,593.70. The disclosure for this sale can be found here. Insiders have sold a total of 41,314 shares of company stock worth $11,463,923 in the last quarter. 0.10% of the stock is currently owned by company insiders.

PayPal Profile

PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The firm manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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