Passumpsic Savings Bank Invests $2.24 Million in PayPal Holdings, Inc. (NASDAQ:PYPL)

Passumpsic Savings Bank acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 26,204 shares of the credit services provider’s stock, valued at approximately $2,237,000.

Several other large investors also recently made changes to their positions in the stock. Park Place Capital Corp boosted its stake in PayPal by 6.6% during the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock valued at $161,000 after buying an additional 116 shares during the last quarter. Rosenberg Matthew Hamilton raised its holdings in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after buying an additional 125 shares during the period. JFS Wealth Advisors LLC raised its holdings in shares of PayPal by 33.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock worth $43,000 after buying an additional 125 shares during the period. Wynn Capital LLC raised its holdings in shares of PayPal by 1.1% in the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock worth $983,000 after buying an additional 130 shares during the period. Finally, Brave Asset Management Inc. increased its holdings in PayPal by 5.2% during the 4th quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider’s stock worth $241,000 after purchasing an additional 141 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Morgan Stanley reduced their price objective on PayPal from $90.00 to $79.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective for the company in a research report on Friday, December 13th. Canaccord Genuity Group raised their price objective on PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Monness Crespi & Hardt lifted their price target on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, 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. Thirteen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $90.52.

PayPal Trading Down 3.5 %

PYPL stock opened at $74.95 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 12-month low of $56.97 and a 12-month high of $93.66. The stock has a market cap of $74.14 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 1.28 and a beta of 1.44. The business’s 50-day moving average is $85.50 and its 200 day moving average is $80.53.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. The business had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.48 EPS. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS 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.