Riverview Trust Co Takes $47,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Riverview Trust Co bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 697 shares of the credit services provider’s stock, valued at approximately $47,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in PayPal in the fourth quarter valued at approximately $25,000. American National Bank purchased a new position in PayPal during the 1st quarter worth $27,000. Private Wealth Management Group LLC acquired a new position in PayPal in the fourth quarter valued at $29,000. Spartan Planning & Wealth Management raised its holdings in shares of PayPal by 13,625.0% in the fourth quarter. Spartan Planning & Wealth Management now owns 549 shares of the credit services provider’s stock valued at $34,000 after buying an additional 545 shares during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of PayPal during the first quarter worth about $34,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PYPL has been the subject of a number of recent research reports. Sanford C. Bernstein increased their price objective on PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a research report on Thursday, April 18th. Evercore ISI lifted their price objective on shares of PayPal from $65.00 to $70.00 and gave the company an “in-line” rating in a research report on Tuesday. TD Cowen upped their price objective on shares of PayPal from $58.00 to $68.00 and gave the stock a “hold” rating in a research report on Wednesday, May 1st. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $78.00 target price on shares of PayPal in a report on Thursday, June 13th. Finally, Citigroup increased their price target on shares of PayPal from $79.00 to $81.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Twenty-one research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $73.64.

Insiders Place Their Bets

In other news, Director Deborah M. Messemer sold 4,422 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $61.65, for a total transaction of $272,616.30. Following the completion of the sale, the director now directly owns 13,976 shares in the company, valued at approximately $861,620.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.14% of the stock is currently owned by insiders.

PayPal Trading Down 0.4 %

PayPal stock traded down $0.21 during trading on Tuesday, hitting $59.28. The company’s stock had a trading volume of 3,964,625 shares, compared to its average volume of 14,931,777. The stock’s fifty day moving average is $63.52 and its 200 day moving average is $62.46. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $76.54. The stock has a market capitalization of $62.01 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 0.99 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). PayPal had a net margin of 14.26% and a return on equity of 21.58%. The company had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same period in the prior year, the company earned $0.86 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 4.14 EPS 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.