National Bank of Canada FI Decreases Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

National Bank of Canada FI lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 25.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 850,684 shares of the credit services provider’s stock after selling 290,348 shares during the period. National Bank of Canada FI owned approximately 0.09% of PayPal worth $72,607,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Relyea Zuckerberg Hanson LLC lifted its position in PayPal by 113.8% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after acquiring an additional 3,976 shares during the period. World Investment Advisors LLC acquired a new stake in shares of PayPal during the third quarter worth about $387,435,000. Nikko Asset Management Americas Inc. boosted its position in PayPal by 2.7% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider’s stock valued at $59,489,000 after buying an additional 18,172 shares during the last quarter. Fortem Financial Group LLC increased its holdings in PayPal by 28.0% in the 4th quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider’s stock worth $2,842,000 after buying an additional 7,291 shares during the period. Finally, Franklin Resources Inc. raised its position in PayPal by 120.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,555,240 shares of the credit services provider’s stock worth $125,461,000 after buying an additional 849,311 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

PYPL has been the topic of several recent research reports. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and upped their price objective for the company from $86.00 to $103.00 in a report on Monday, December 9th. Barclays increased their price target on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective for the company in a report on Friday, December 13th. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. Finally, Robert W. Baird reduced their price target on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a research 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $89.40.

Insider Activity

In other news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, 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 document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.14% of the company’s stock.

PayPal Stock Performance

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

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating 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 firm had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter in the previous year, the company posted $1.48 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. On average, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current 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.