Private Trust Co. NA Sells 260 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Private Trust Co. NA decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,006 shares of the credit services provider’s stock after selling 260 shares during the quarter. Private Trust Co. NA’s holdings in PayPal were worth $769,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rosenberg Matthew Hamilton grew its position 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 valued at $26,000 after purchasing an additional 125 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in PayPal during the third quarter worth approximately $26,000. Sugarloaf Wealth Management LLC grew its position in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after buying an additional 272 shares in the last quarter. Planning Capital Management Corp grew its position in PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after buying an additional 268 shares in the last quarter. Finally, Modus Advisors LLC acquired a new stake in PayPal during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Transactions at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, the director now directly owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of analyst reports. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and increased their price target for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. Piper Sandler reduced their price target on PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday. Susquehanna increased 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. Barclays raised their target price on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a report on Wednesday. Fourteen 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $90.03.

PayPal Stock Performance

PYPL stock opened at $71.07 on Friday. The stock has a 50-day moving average price of $83.61 and a 200-day moving average price of $81.05. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm has a market cap of $70.30 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data 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. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same period last year, the company posted $1.48 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current 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.