PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Investment Management Corp of Ontario

Investment Management Corp of Ontario reduced its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,267 shares of the credit services provider’s stock after selling 302 shares during the period. Investment Management Corp of Ontario’s holdings in PayPal were worth $4,034,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Park Place Capital Corp lifted its holdings in shares of PayPal by 6.6% in the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock valued at $161,000 after buying an additional 116 shares during the period. Rosenberg Matthew Hamilton boosted its stake in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 125 shares in the last quarter. JFS Wealth Advisors LLC increased its stake in PayPal by 33.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 125 shares in the last quarter. Wynn Capital LLC raised its stake in shares of PayPal by 1.1% during the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock worth $983,000 after buying an additional 130 shares during the last quarter. Finally, Avalon Trust Co increased its holdings in PayPal by 7.0% during the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider’s stock valued at $176,000 after acquiring an additional 135 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Down 0.3 %

NASDAQ:PYPL opened at $70.26 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $68.33 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The stock has a 50-day simple moving average of $65.65 and a 200 day simple moving average of $77.70.

PayPal (NASDAQ:PYPL) last issued its earnings results 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 company had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.08 EPS. Sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insiders Place Their Bets

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 owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. BMO Capital Markets dropped their price objective on shares of PayPal from $83.00 to $79.00 and set a “market perform” rating for the company in a research note on Wednesday, April 30th. Arete Research set a $81.00 target price on shares of PayPal in a research report on Thursday, March 27th. Barclays reduced their price target on PayPal from $110.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Keefe, Bruyette & Woods lowered their price objective on PayPal from $104.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, March 31st. Finally, Robert W. Baird increased their price objective on shares of PayPal from $78.00 to $79.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Two investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $83.68.

PayPal Company Profile

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.