PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,448 shares of the credit services provider’s stock after selling 1,210 shares during the period. Parallel Advisors LLC’s holdings in PayPal were worth $5,445,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of PYPL. Norges Bank acquired a new stake in shares of PayPal during the 4th quarter worth approximately $1,086,508,000. Capital Research Global Investors grew its stake in shares of PayPal by 108.2% during the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider’s stock worth $1,529,823,000 after purchasing an additional 9,313,783 shares during the period. Artisan Partners Limited Partnership raised its stake in shares of PayPal by 284.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider’s stock worth $666,100,000 after buying an additional 5,772,198 shares during the period. FMR LLC lifted its position in shares of PayPal by 12.9% during the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider’s stock valued at $1,615,134,000 after buying an additional 2,161,582 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of PayPal by 19.0% during the 4th quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider’s stock valued at $892,953,000 after buying an additional 1,669,908 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

PYPL has been the subject of several research reports. Morgan Stanley boosted their price target on PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Seaport Res Ptn lowered PayPal from a “hold” rating to a “strong sell” rating in a report on Thursday, April 17th. Compass Point began coverage on PayPal in a report on Wednesday, April 23rd. They issued a “sell” rating and a $56.00 price objective on the stock. Robert W. Baird raised their price objective on PayPal from $78.00 to $79.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Finally, Macquarie decreased their price objective on PayPal from $117.00 to $95.00 and set an “outperform” rating on the stock in a report on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.68.

PayPal Stock Performance

PYPL stock opened at $70.04 on Friday. The business’s fifty day moving average is $66.32 and its 200-day moving average is $76.71. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market cap of $68.12 billion, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.16 by $0.17. The business had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.08 EPS. Equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.