Investors Research Corp Sells 2,187 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Investors Research Corp trimmed its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 44.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,697 shares of the credit services provider’s stock after selling 2,187 shares during the quarter. Investors Research Corp’s holdings in PayPal were worth $166,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. State Street Corp raised its holdings in PayPal by 2.7% during the 1st quarter. State Street Corp now owns 45,423,344 shares of the credit services provider’s stock worth $3,449,434,000 after purchasing an additional 1,202,956 shares during the last quarter. Geode Capital Management LLC grew its position in shares of PayPal by 1.1% during the 1st quarter. Geode Capital Management LLC now owns 20,947,345 shares of the credit services provider’s stock worth $1,586,966,000 after buying an additional 235,651 shares during the period. Morgan Stanley grew its position in shares of PayPal by 4.5% during the 3rd quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock worth $1,173,254,000 after buying an additional 873,181 shares during the period. Moneta Group Investment Advisors LLC grew its position in shares of PayPal by 110,462.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 17,136,071 shares of the credit services provider’s stock worth $1,220,431,000 after buying an additional 17,120,572 shares during the period. Finally, Norges Bank acquired a new position in shares of PayPal during the 4th quarter worth about $1,022,333,000. 68.32% of the stock is owned by institutional investors.

PayPal Trading Down 0.1 %

Shares of PayPal stock opened at $63.43 on Wednesday. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $77.95. The stock has a market cap of $66.77 billion, a P/E ratio of 16.52, a P/E/G ratio of 1.44 and a beta of 1.45. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $62.15 and its 200-day moving average is $59.86.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The company had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the prior year, the business posted $1.01 EPS. The business’s revenue was up 8.7% compared to the same quarter last year. Equities research analysts predict that PayPal Holdings, Inc. will post 3.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. Canaccord Genuity Group decreased their target price on PayPal from $100.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Mizuho decreased their target price on PayPal from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, February 8th. Oppenheimer reiterated a “market perform” rating on shares of PayPal in a research report on Thursday, January 25th. Finally, UBS Group boosted their price objective on PayPal from $56.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Twenty-three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $70.47.

Insider Activity at PayPal

In related news, SVP Frank Keller sold 7,686 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the sale, the senior vice president now owns 23,430 shares in the company, valued at approximately $1,420,795.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by company insiders.

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.