Kentucky Retirement Systems Sells 967 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Kentucky Retirement Systems lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,254 shares of the credit services provider’s stock after selling 967 shares during the period. Kentucky Retirement Systems’ holdings in PayPal were worth $5,996,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in PYPL. Relyea Zuckerberg Hanson LLC boosted its stake in PayPal by 113.8% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after buying an additional 3,976 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of PayPal during the 3rd quarter valued at approximately $387,435,000. United Advisor Group LLC purchased a new position in shares of PayPal in the third quarter valued at $810,000. FCG Investment Co bought a new stake in PayPal in the third quarter worth $1,079,000. Finally, Equity Investment Corp increased its position in PayPal by 3.5% in the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after purchasing an additional 67,497 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Trading Down 0.9 %

NASDAQ PYPL opened at $77.63 on Friday. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. 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 $76.79 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 1.28 and a beta of 1.44. The company’s 50-day simple moving average is $85.73 and its two-hundred day simple moving average is $80.55.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data 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. The company had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company posted $1.48 earnings per share. Equities analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on PYPL shares. Keefe, Bruyette & Woods lifted their price objective on shares of PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Susquehanna lifted their price target on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research report on Monday, January 6th. Piper Sandler boosted their price objective on PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Monness Crespi & Hardt raised their price objective on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Citigroup boosted their target price on PayPal from $97.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Thirteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.52.

PayPal 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.