Webster Bank N. A. Sells 3,051 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Webster Bank N. A. reduced its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 12.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,366 shares of the credit services provider’s stock after selling 3,051 shares during the period. Webster Bank N. A.’s holdings in PayPal were worth $1,426,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in PayPal by 4.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 206,011 shares of the credit services provider’s stock valued at $13,747,000 after acquiring an additional 8,097 shares in the last quarter. Romano Brothers AND Company lifted its position in PayPal by 422.0% during the 2nd quarter. Romano Brothers AND Company now owns 43,030 shares of the credit services provider’s stock valued at $2,871,000 after acquiring an additional 34,787 shares during the period. Beacon Capital Management LLC grew its holdings in PayPal by 108.7% in the second quarter. Beacon Capital Management LLC now owns 384 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 200 shares during the period. Ameraudi Asset Management Inc. bought a new position in shares of PayPal during the second quarter valued at approximately $239,000. Finally, Roberts Wealth Advisors LLC increased its position in PayPal by 18.9% during the 2nd quarter. Roberts Wealth Advisors LLC now owns 37,191 shares of the credit services provider’s stock valued at $2,482,000 after buying an additional 5,899 shares in the last quarter. 68.42% of the stock is owned by hedge funds and other institutional investors.

PayPal Price Performance

PYPL stock traded down $0.90 during midday trading on Tuesday, hitting $62.04. The company’s stock had a trading volume of 6,463,910 shares, compared to its average volume of 15,270,412. The firm has a market capitalization of $68.12 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 0.97 and a beta of 1.34. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.54. PayPal Holdings, Inc. has a 12 month low of $57.29 and a 12 month high of $95.64. The company has a 50 day moving average of $66.04 and a two-hundred day moving average of $68.34.

PayPal (NASDAQ:PYPL) last posted its earnings results on Wednesday, August 2nd. The credit services provider reported $1.16 earnings per share for the quarter, meeting the consensus estimate of $1.16. The company had revenue of $7.29 billion during the quarter, compared to analysts’ expectations of $7.27 billion. PayPal had a net margin of 14.27% and a return on equity of 20.31%. PayPal’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the company posted $0.65 earnings per share. On average, analysts expect that PayPal Holdings, Inc. will post 3.81 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PYPL. Royal Bank of Canada reiterated an “outperform” rating and issued a $86.00 price target on shares of PayPal in a research note on Thursday, August 3rd. StockNews.com started coverage on shares of PayPal in a report on Thursday, August 17th. They set a “hold” rating on the stock. Truist Financial boosted their price objective on shares of PayPal from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Credit Suisse Group reissued a “neutral” rating and issued a $80.00 target price on shares of PayPal in a report on Monday, July 24th. Finally, Morgan Stanley lowered their price target on PayPal from $133.00 to $126.00 and set an “overweight” rating on the stock in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $91.48.

PayPal Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 150 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.