PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by National Bank of Canada FI

National Bank of Canada FI trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 25.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 850,684 shares of the credit services provider’s stock after selling 290,348 shares during the period. National Bank of Canada FI’s holdings in PayPal were worth $72,607,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PYPL. Park Place Capital Corp increased its stake in PayPal by 6.6% during 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 period. Rosenberg Matthew Hamilton grew its stake in shares of PayPal by 67.6% in the fourth 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 position in shares of PayPal by 33.2% during the fourth 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. Wynn Capital LLC raised its stake in shares of PayPal by 1.1% in the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock valued at $983,000 after acquiring an additional 130 shares in the last quarter. Finally, Avalon Trust Co boosted its holdings in PayPal by 7.0% in the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider’s stock valued at $176,000 after purchasing an additional 135 shares during the period. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at PayPal

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 sale, the director now owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.14% of the company’s stock.

PayPal Price Performance

Shares of PYPL opened at $66.10 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average is $75.28 and its two-hundred day moving average is $80.83. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The firm has a market capitalization of $65.39 billion, a PE ratio of 16.48, a P/E/G ratio of 1.27 and a beta of 1.52.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PYPL shares. Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target on the stock in a report on Friday, December 13th. Royal Bank of Canada restated an “outperform” rating and set a $100.00 target price on shares of PayPal in a research note on Thursday, December 12th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Morgan Stanley lifted their price objective on shares of PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company reissued an “equal weight” rating on shares of PayPal in a report on Wednesday, February 5th. Sixteen investment 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. Based on data from MarketBeat, PayPal currently has an average rating of “Moderate Buy” and a consensus price target of $89.40.

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.