New Mexico Educational Retirement Board Has $4.16 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

New Mexico Educational Retirement Board reduced its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 48,698 shares of the credit services provider’s stock after selling 2,500 shares during the quarter. New Mexico Educational Retirement Board’s holdings in PayPal were worth $4,156,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mizuho Securities USA LLC increased its stake in PayPal by 12,919.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after purchasing an additional 10,419,351 shares in the last quarter. FMR LLC raised its holdings in shares of PayPal by 86.3% in the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after acquiring an additional 7,767,072 shares during the last quarter. World Investment Advisors LLC bought a new position in PayPal in the 3rd quarter valued at about $387,435,000. Robeco Institutional Asset Management B.V. boosted its stake in PayPal by 174.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock valued at $361,316,000 after purchasing an additional 2,689,162 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in PayPal by 9,864.9% during the 3rd quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock worth $87,336,000 after purchasing an additional 1,108,030 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PYPL. Robert W. Baird cut their target price on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. BMO Capital Markets upped their target price on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Macquarie raised their price target on shares of PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. UBS Group upped their price objective on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group lifted their target price on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Thirteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, PayPal currently has an average rating of “Moderate Buy” and an average price target of $90.52.

PayPal Trading Up 1.8 %

Shares of PYPL opened at $77.97 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.25. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The company has a market capitalization of $77.13 billion, a P/E ratio of 19.44, a P/E/G ratio of 1.29 and a beta of 1.44. The firm’s 50 day simple moving average is $86.66 and its 200 day simple moving average is $80.01.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same period in the previous year, the business earned $1.48 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal 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.