Trustmark National Bank Trust Department Has $258,000 Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Trustmark National Bank Trust Department decreased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 59.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,306 shares of the credit services provider’s stock after selling 4,859 shares during the quarter. Trustmark National Bank Trust Department’s holdings in PayPal were worth $258,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Family Firm Inc. bought a new stake in PayPal in the second quarter valued at approximately $29,000. SYSTM Wealth Solutions LLC raised its stake in PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after buying an additional 167 shares during the period. Tortoise Investment Management LLC raised its stake in PayPal by 930.0% in the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after buying an additional 465 shares during the period. Planning Capital Management Corp raised its stake in PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after buying an additional 268 shares during the period. Finally, LRI Investments LLC bought a new stake in PayPal in the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PYPL shares. Stephens upped their price objective on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. William Blair raised PayPal to a “hold” rating in a research report on Tuesday, July 30th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $78.00 target price on shares of PayPal in a research report on Wednesday, September 18th. TD Cowen upped their target price on PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Finally, Morgan Stanley upped their target price on PayPal from $71.00 to $76.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Fifteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and a consensus price target of $83.45.

PayPal Stock Up 0.4 %

Shares of PYPL opened at $85.04 on Friday. PayPal Holdings, Inc. has a 52 week low of $55.55 and a 52 week high of $87.92. The stock has a market capitalization of $85.26 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 1.50 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a fifty day moving average of $80.07 and a 200-day moving average of $69.51.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the prior year, the company earned $0.97 EPS. PayPal’s revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.56 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.