Public Employees Retirement Association Of Colorado sells 7,054 shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Public Employees Retirement Association Of Colorado cut its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 4.8% during the second quarter, Holdings Channel.com reports. The firm owned 139,036 shares of the credit services provider’s stock after selling 7,054 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in PayPal were worth $8,068,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have recently added to or reduced their stakes in PYPL. Primecap Management Co. CA grew its position in shares of PayPal by 180.7% in the second quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock worth $287,043,000 after buying an additional 3,184,160 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in PayPal by 125.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,724,188 shares of the credit services provider’s stock worth $105,882,000 after purchasing an additional 958,130 shares during the last quarter. Clearbridge Investments LLC raised its position in shares of PayPal by 15.8% in the first quarter. Clearbridge Investments LLC now owns 6,644,317 shares of the credit services provider’s stock worth $445,103,000 after purchasing an additional 904,804 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding SA boosted its holdings in shares of PayPal by 31.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding SA now owns 2,899,859 shares of the credit services provider’s stock worth $194,262,000 after purchasing an additional 687,940 shares in the last quarter. Finally, Swedbank AB purchased a new stake in shares of PayPal in the first quarter valued at $42,297,000. Hedge funds and other institutional investors own 68.32% of the company’s shares.

The Wall Street analyst weighs in

A number of equities research analysts have commented on the company. TD Cowen boosted their target price on PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Daiwa America upgraded shares of PayPal from a “moderate-buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. Citigroup upped their target price on shares of PayPal from $79.00 to $81.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Canaccord Genuity Group reissued a “buy” rating and set a $80.00 price objective on shares of PayPal in a report on Wednesday, July 31st. Finally, Macquarie upped their target price on PayPal from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Seventeen investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $75.58.

Get the latest stock report on PYPL

PayPal trading with 1.0%

Shares of PYPL stock opened at $76.76 on Friday. The stock has a market cap of $78.47 billion, a P/E ratio of 19.34, a price-to-earnings-growth ratio of 1.01 and a beta of 1.43. PayPal Holdings, Inc. it has a fifty-two week low of $50.25 and a fifty-two week high of $78.25. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24, and a current ratio of 1.24. The company has a 50-day moving average price of $67.01 and a 200-day moving average price of $64.42.

PayPal (NASDAQ:PYPL – Get Your Free Report ) last released its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the previous year, the firm posted EPS of $0.83. PayPal’s revenue for the quarter was up 8.2% year over year. Equities research analysts predict that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

PayPal Company Profile

(Free Report)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers around the world. It operates a two-way network at scale connecting merchants and consumers, enabling its customers to connect, transact and send and receive payments online and in person, as well as transfer and withdraw funds using various funding sources such as such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products, including its installment products, credit and debit cards and cryptocurrencies, and other stored value products, including gift cards and eligible rewards.

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