PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,895 shares of the credit services provider’s stock after selling 7,976 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in PayPal were worth $6,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PYPL. Sunbelt Securities Inc. lifted its holdings in shares of PayPal by 10.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 22,480 shares of the credit services provider’s stock valued at $1,754,000 after buying an additional 2,146 shares during the period. Toronto Dominion Bank raised its position in PayPal by 7.8% during the third quarter. Toronto Dominion Bank now owns 573,196 shares of the credit services provider’s stock valued at $44,726,000 after acquiring an additional 41,345 shares in the last quarter. Chiron Investment Management LLC acquired a new position in PayPal in the third quarter valued at approximately $5,985,000. Coldstream Capital Management Inc. boosted its position in PayPal by 17.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 14,407 shares of the credit services provider’s stock worth $1,139,000 after purchasing an additional 2,178 shares in the last quarter. Finally, Ashford Capital Management Inc. acquired a new stake in shares of PayPal during the 3rd quarter worth approximately $205,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Price Performance

PYPL stock opened at $89.40 on Friday. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $93.66. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock has a market cap of $89.63 billion, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44. The business has a fifty day moving average of $83.40 and a two-hundred day moving average of $71.90.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period last year, the company earned $0.97 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PYPL has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Canaccord Genuity Group upped their price objective on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Phillip Securities restated an “accumulate” rating and set a $90.00 target price (up from $80.00) on shares of PayPal in a research report on Friday, November 1st. Susquehanna upped their price target on PayPal from $83.00 to $94.00 and gave the stock a “positive” rating in a report on Wednesday, October 30th. Finally, UBS Group increased their price target on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $86.07.

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.