PayPal Holdings, Inc. (NASDAQ:PYPL) Holdings Reduced by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 49.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,660 shares of the credit services provider’s stock after selling 58,274 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in PayPal were worth $5,091,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Rosenberg Matthew Hamilton increased its position in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 125 shares during the period. Hurley Capital LLC bought a new position in shares of PayPal in the fourth quarter worth $27,000. Sugarloaf Wealth Management LLC increased its holdings in shares of PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 272 shares during the period. Modus Advisors LLC bought a new stake in shares of PayPal during the fourth quarter valued at about $37,000. Finally, Bernard Wealth Management Corp. bought a new position in PayPal in the 4th quarter valued at about $37,000. Institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

PYPL has been the topic of a number of recent analyst reports. Evercore ISI started coverage on shares of PayPal in a research report on Wednesday, April 9th. They set an “in-line” rating and a $65.00 price target on the stock. Susquehanna increased their price target on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research note on Monday, January 6th. Morgan Stanley boosted their price objective on PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Piper Sandler decreased their target price on PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Finally, Monness Crespi & Hardt lowered their target price on PayPal from $120.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, sixteen have given 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $86.84.

Insider Transactions at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now owns 29,734 shares in the company, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.14% of the stock is currently owned by company insiders.

PayPal Price Performance

PYPL opened at $61.42 on Wednesday. The stock has a fifty day moving average price of $67.60 and a 200 day moving average price of $78.94. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The stock has a market cap of $60.76 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business 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 company earned $1.48 EPS. The firm’s revenue was up 4.2% on a year-over-year basis. Analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS 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.