First National Trust Co Trims Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

First National Trust Co decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 16.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 79,816 shares of the credit services provider’s stock after selling 15,644 shares during the quarter. First National Trust Co’s holdings in PayPal were worth $4,902,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Louisiana State Employees Retirement System acquired a new position in shares of PayPal during the 4th quarter valued at about $9,267,000. Bartlett & Co. LLC increased its position in PayPal by 8.5% during the fourth quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider’s stock worth $594,000 after purchasing an additional 740 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in PayPal by 9.5% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider’s stock worth $53,344,000 after purchasing an additional 73,687 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of PayPal by 4.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider’s stock valued at $1,183,000 after purchasing an additional 942 shares during the last quarter. Finally, Bellecapital International Ltd. grew its stake in shares of PayPal by 2.0% during the 4th quarter. Bellecapital International Ltd. now owns 21,685 shares of the credit services provider’s stock valued at $1,332,000 after buying an additional 433 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

PYPL has been the subject of a number of research reports. DZ Bank downgraded PayPal from a “buy” rating to a “hold” rating and set a $60.00 price target for the company. in a research report on Friday, February 9th. Evercore ISI boosted their price target on PayPal from $60.00 to $65.00 and gave the company an “in-line” rating in a research report on Wednesday. UBS Group boosted their price target on PayPal from $63.00 to $71.00 and gave the company a “neutral” rating in a research report on Wednesday. Argus downgraded PayPal from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Finally, JMP Securities boosted their price objective on PayPal from $70.00 to $82.00 and gave the stock a “market outperform” rating in a research note on Wednesday. Twenty-five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, PayPal currently has an average rating of “Hold” and a consensus price target of $72.73.

Insider Activity

In other news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the completion of the transaction, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company’s stock.

PayPal Stock Down 1.9 %

NASDAQ PYPL traded down $1.28 on Friday, hitting $65.70. 15,435,157 shares of the stock traded hands, compared to its average volume of 12,651,739. The stock has a 50-day moving average of $63.56 and a 200 day moving average of $60.44. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54. The company has a market capitalization of $68.73 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 1.22 and a beta of 1.41. The company has a current ratio of 1.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). The firm had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 EPS. As a group, analysts expect that PayPal Holdings, Inc. will post 4.07 earnings per share 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.