PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Position Reduced by TIAA Trust National Association

TIAA Trust National Association decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 30.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 176,808 shares of the credit services provider’s stock after selling 77,354 shares during the period. TIAA Trust National Association’s holdings in PayPal were worth $15,091,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ashton Thomas Securities LLC increased its holdings in shares of PayPal by 8.8% in the 4th quarter. Ashton Thomas Securities LLC now owns 5,130 shares of the credit services provider’s stock worth $437,000 after acquiring an additional 413 shares during the period. Modern Wealth Management LLC acquired a new stake in shares of PayPal in the fourth quarter valued at approximately $247,000. Napean Trading & Investment Co Singapore PTE Ltd raised its holdings in shares of PayPal by 152.6% during the fourth quarter. Napean Trading & Investment Co Singapore PTE Ltd now owns 74,880 shares of the credit services provider’s stock valued at $6,391,000 after buying an additional 45,242 shares during the last quarter. Lynx Investment Advisory boosted its position in shares of PayPal by 12.7% during the fourth quarter. Lynx Investment Advisory now owns 3,540 shares of the credit services provider’s stock worth $302,000 after buying an additional 400 shares during the period. Finally, Mountain Hill Investment Partners Corp. bought a new position in PayPal in the 4th quarter worth approximately $77,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Trading Down 0.2 %

NASDAQ:PYPL opened at $70.86 on Wednesday. The stock has a market cap of $70.10 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two 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. The stock’s 50-day moving average is $77.61 and its two-hundred day moving average is $80.92.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data 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 net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same quarter in the prior year, the business earned $1.48 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Citigroup reaffirmed an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Morgan Stanley upped their price objective on shares of PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Macquarie raised their target price on shares of PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 price target on shares of PayPal in a research note on Thursday, December 12th. Finally, Wells Fargo & Company reiterated an “equal weight” rating on shares of PayPal in a research note on Wednesday, February 5th. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and an average price target of $90.03.

Insider Activity at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the sale, the director now directly owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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.