New Mexico Educational Retirement Board Sells 2,500 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

New Mexico Educational Retirement Board cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.9% during the 4th quarter, Holdings Channel reports. The firm owned 48,698 shares of the credit services provider’s stock after selling 2,500 shares during the period. New Mexico Educational Retirement Board’s holdings in PayPal were worth $4,156,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in PYPL. Roman Butler Fullerton & Co. increased its stake in shares of PayPal by 1.7% in the 4th quarter. Roman Butler Fullerton & Co. now owns 9,438 shares of the credit services provider’s stock worth $852,000 after acquiring an additional 154 shares in the last quarter. Autumn Glory Partners LLC bought a new stake in shares of PayPal in the 4th quarter worth approximately $341,000. Asset Planning Inc purchased a new stake in shares of PayPal in the 4th quarter worth approximately $46,000. Root Financial Partners LLC bought a new position in PayPal during the 4th quarter valued at approximately $208,000. Finally, Catalyst Financial Partners LLC raised its stake in PayPal by 9.0% during the fourth quarter. Catalyst Financial Partners LLC now owns 3,618 shares of the credit services provider’s stock valued at $309,000 after buying an additional 300 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on PYPL shares. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Monness Crespi & Hardt raised their price objective on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. upped their target price on shares of PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods raised their price target on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, Stephens upped their price objective on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Thirteen 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 stock. According to data from MarketBeat, PayPal has a consensus rating of “Moderate Buy” and an average price target of $90.52.

PayPal Price Performance

Shares of PayPal stock opened at $77.97 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The stock’s 50-day simple moving average is $86.66 and its 200-day simple moving average is $80.01. The company has a market capitalization of $77.13 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 1.29 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released 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. 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 last year, the business posted $1.48 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

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.