PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 166,057 shares of the credit services provider’s stock after selling 17,987 shares during the quarter. USS Investment Management Ltd’s holdings in PayPal were worth $14,175,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Park Place Capital Corp boosted its stake in PayPal by 6.6% in the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock worth $161,000 after buying an additional 116 shares during the last quarter. JFS Wealth Advisors LLC lifted its holdings in shares of PayPal by 33.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 125 shares during the period. Avalon Trust Co boosted its position in shares of PayPal by 7.0% in the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider’s stock worth $176,000 after acquiring an additional 135 shares during the last quarter. Security National Bank of SO Dak grew its holdings in PayPal by 1.1% in the fourth quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider’s stock valued at $1,041,000 after purchasing an additional 137 shares during the period. Finally, Stegent Equity Advisors Inc. increased its position in PayPal by 3.2% during the fourth quarter. Stegent Equity Advisors Inc. now owns 4,546 shares of the credit services provider’s stock worth $388,000 after purchasing an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of PayPal stock opened at $72.61 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The firm’s 50-day simple moving average is $66.17 and its 200-day simple moving average is $77.31. The firm has a market cap of $70.62 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51.

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

Insider Buying and Selling

In related news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were 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 owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This represents a 7.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods decreased their price target on shares of PayPal from $104.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, March 31st. Wells Fargo & Company reduced their target price on PayPal from $80.00 to $74.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Macquarie lowered their price target on PayPal from $117.00 to $95.00 and set an “outperform” rating for the company in a research report on Tuesday, April 29th. Arete Research set a $81.00 price objective on PayPal in a report on Thursday, March 27th. Finally, Evercore ISI assumed coverage on PayPal in a report on Wednesday, April 9th. They set an “in-line” rating and a $65.00 target price for the company. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $83.68.

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.