PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 14.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,689 shares of the credit services provider’s stock after selling 10,006 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in PayPal were worth $5,094,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Minot DeBlois Advisors LLC acquired a new stake in shares of PayPal during the fourth quarter worth approximately $1,097,000. Napa Wealth Management acquired a new position in PayPal during the 4th quarter worth $1,091,000. LRT Capital Management LLC acquired a new position in PayPal in the fourth quarter worth about $411,000. Lionshead Wealth Management LLC acquired a new position in PayPal in the fourth quarter worth about $351,000. Finally, J. Goldman & Co LP grew its stake in PayPal by 11.9% in the fourth quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider’s stock worth $22,304,000 after purchasing an additional 27,812 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Trading Down 0.0%

Shares of PayPal stock opened at $72.29 on Wednesday. The firm has a market capitalization of $70.30 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. The company’s fifty day moving average price is $65.79 and its two-hundred day moving average price is $77.57. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. During the same period in the prior year, the company earned $1.08 EPS. PayPal’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Robert W. Baird lifted their target price on PayPal from $78.00 to $79.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research report on Wednesday, April 30th. Compass Point initiated coverage on PayPal in a research report on Wednesday, April 23rd. They set a “sell” rating and a $56.00 price objective for the company. Monness Crespi & Hardt reduced their price objective on PayPal from $120.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, Barclays reduced their price target on shares of PayPal from $110.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, fifteen have issued 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 has an average rating of “Moderate Buy” and an average price target of $83.68.

Insider Buying and Selling at PayPal

In other 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 value of $176,478.90. Following the sale, the director now owns 29,734 shares of the company’s stock, valued at $2,145,308.10. The trade was a 7.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.

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.