Bangor Savings Bank Raises Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Bangor Savings Bank raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1,918.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,281 shares of the credit services provider’s stock after acquiring an additional 10,722 shares during the period. Bangor Savings Bank’s holdings in PayPal were worth $963,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PYPL. World Investment Advisors LLC purchased a new stake in shares of PayPal during the 3rd quarter worth about $387,435,000. United Advisor Group LLC purchased a new stake in PayPal during the third quarter worth approximately $810,000. FCG Investment Co acquired a new stake in shares of PayPal in the third quarter worth $1,079,000. Equity Investment Corp raised its stake in shares of PayPal by 3.5% in the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after acquiring an additional 67,497 shares during the period. Finally, Weil Company Inc. lifted its holdings in shares of PayPal by 68.9% during the 3rd quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock valued at $3,253,000 after acquiring an additional 17,003 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Performance

PYPL stock opened at $89.53 on Tuesday. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $93.66. The stock has a market capitalization of $89.76 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 1.66 and a beta of 1.44. 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’s fifty day moving average is $85.99 and its two-hundred day moving average is $75.15.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same period last year, the firm posted $0.97 EPS. PayPal’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, research analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the company. Sanford C. Bernstein lowered PayPal from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $75.00 to $80.00 in a research report on Thursday, October 10th. Susquehanna raised their target price on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday. Deutsche Bank Aktiengesellschaft upped their price target on PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Finally, Piper Sandler restated a “neutral” rating and issued a $88.00 target price on shares of PayPal in a research note on Friday, November 22nd. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $88.65.

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.