PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board trimmed its position in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 12.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,180,032 shares of the credit services provider’s stock after selling 167,302 shares during the period. Canada Pension Plan Investment Board owned 0.11% of PayPal worth $68,985,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. RPG Investment Advisory LLC grew its position in shares of PayPal by 6.1% during the 3rd quarter. RPG Investment Advisory LLC now owns 73,676 shares of the credit services provider’s stock valued at $4,307,000 after buying an additional 4,227 shares during the last quarter. Choreo LLC lifted its stake in PayPal by 13.9% in the third quarter. Choreo LLC now owns 5,753 shares of the credit services provider’s stock valued at $336,000 after buying an additional 703 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co boosted its holdings in shares of PayPal by 0.9% during the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 83,085 shares of the credit services provider’s stock valued at $4,857,000 after acquiring an additional 748 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of PayPal during the third quarter valued at $67,000. Finally, Beverly Hills Private Wealth LLC bought a new position in shares of PayPal during the third quarter worth about $215,000. Institutional investors and hedge funds own 68.42% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jonathan Auerbach sold 64,957 shares of PayPal stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $55.58, for a total transaction of $3,610,310.06. Following the completion of the sale, the insider now directly owns 79,051 shares in the company, valued at approximately $4,393,654.58. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Jonathan Auerbach sold 64,957 shares of PayPal stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $55.58, for a total value of $3,610,310.06. Following the transaction, the insider now owns 79,051 shares in the company, valued at approximately $4,393,654.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Peggy Alford sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $56.76, for a total value of $851,400.00. Following the completion of the sale, the executive vice president now directly owns 40,601 shares in the company, valued at $2,304,512.76. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

PayPal Price Performance

PYPL opened at $58.91 on Friday. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $82.85. The company has a quick ratio of 1.30, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $64.80 billion, a P/E ratio of 15.34, a PEG ratio of 0.80 and a beta of 1.47. The stock has a fifty day moving average of $61.27 and a 200-day moving average of $60.21.

PayPal (NASDAQ:PYPLGet Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.12. The firm had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.01 EPS. Equities analysts forecast that PayPal Holdings, Inc. will post 4.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PYPL has been the subject of a number of analyst reports. Citigroup reduced their target price on shares of PayPal from $76.00 to $73.00 and set a “buy” rating for the company in a research note on Thursday. UBS Group reiterated a “neutral” rating and set a $63.00 price objective on shares of PayPal in a research report on Friday, October 20th. Truist Financial decreased their price objective on PayPal from $70.00 to $65.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Wedbush reaffirmed an “outperform” rating and set a $85.00 target price on shares of PayPal in a research note on Thursday. Finally, Canaccord Genuity Group decreased their price target on PayPal from $100.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday. Twenty-two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $70.90.

Read Our Latest Stock Analysis on PYPL

PayPal Company Profile

(Free Report)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 150 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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