Private Trust Co. NA Has $723,000 Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Private Trust Co. NA lowered its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 29.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,266 shares of the credit services provider’s stock after selling 3,930 shares during the quarter. Private Trust Co. NA’s holdings in PayPal were worth $723,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in PayPal by 1.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,472,635 shares of the credit services provider’s stock worth $98,653,000 after acquiring an additional 23,991 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of PayPal by 9.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 46,381 shares of the credit services provider’s stock valued at $3,107,000 after acquiring an additional 4,169 shares in the last quarter. Plato Investment Management Ltd increased its position in shares of PayPal by 1,030.1% during the first quarter. Plato Investment Management Ltd now owns 30,162 shares of the credit services provider’s stock valued at $2,021,000 after acquiring an additional 27,493 shares during the last quarter. New Covenant Trust Company N.A. bought a new stake in PayPal during the first quarter worth $64,000. Finally, Citizens Financial Group Inc. RI boosted its position in PayPal by 5.4% in the first quarter. Citizens Financial Group Inc. RI now owns 10,485 shares of the credit services provider’s stock worth $702,000 after purchasing an additional 538 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Trading Down 0.9 %

PYPL opened at $86.94 on Wednesday. PayPal Holdings, Inc. has a one year low of $55.71 and a one year high of $88.74. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The business has a 50 day simple moving average of $81.04 and a two-hundred day simple moving average of $70.06. The firm has a market capitalization of $87.16 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 1.56 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last announced its 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. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 earnings per share. Analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Analyst Ratings Changes

PYPL has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their target price on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Daiwa Capital Markets upgraded shares of PayPal from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $68.00 to $72.00 in a research note on Friday, August 9th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $78.00 price objective on shares of PayPal in a research note on Wednesday, September 18th. Barclays raised their target price on PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Finally, Argus raised PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Sixteen investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $83.60.

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.