PayPal Holdings, Inc. (NASDAQ:PYPL) Holdings Decreased by First National Bank Sioux Falls

First National Bank Sioux Falls reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,999 shares of the credit services provider’s stock after selling 350 shares during the quarter. First National Bank Sioux Falls’ holdings in PayPal were worth $201,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Franklin Street Advisors Inc. NC raised its stake in shares of PayPal by 16.6% during the first quarter. Franklin Street Advisors Inc. NC now owns 156,155 shares of the credit services provider’s stock valued at $10,461,000 after purchasing an additional 22,209 shares in the last quarter. Wealthcare Advisory Partners LLC grew its holdings in PayPal by 47.7% during the first quarter. Wealthcare Advisory Partners LLC now owns 18,526 shares of the credit services provider’s stock worth $1,241,000 after acquiring an additional 5,985 shares during the period. Revolve Wealth Partners LLC grew its holdings in PayPal by 34.4% during the first quarter. Revolve Wealth Partners LLC now owns 2,962 shares of the credit services provider’s stock worth $151,000 after acquiring an additional 758 shares during the period. Matrix Asset Advisors Inc. NY grew its holdings in PayPal by 14.3% during the first quarter. Matrix Asset Advisors Inc. NY now owns 225,847 shares of the credit services provider’s stock worth $15,129,000 after acquiring an additional 28,328 shares during the period. Finally, Key Client Fiduciary Advisors LLC grew its holdings in PayPal by 40.5% during the first quarter. Key Client Fiduciary Advisors LLC now owns 26,635 shares of the credit services provider’s stock worth $1,784,000 after acquiring an additional 7,671 shares during the period. 68.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling at PayPal

In other PayPal 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 value of $272,616.30. Following the sale, the director now directly owns 13,976 shares in the company, valued at $861,620.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on PYPL shares. Monness Crespi & Hardt lifted their target price on PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Stephens lifted their target price on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 1st. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $78.00 price target on shares of PayPal in a research note on Thursday, June 13th. Mizuho raised PayPal from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $68.00 to $90.00 in a research note on Thursday, May 30th. Finally, StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, June 18th. Twenty-one analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $73.64.

PayPal Stock Performance

Shares of PYPL traded up $0.11 on Thursday, reaching $58.37. 10,638,341 shares of the stock traded hands, compared to its average volume of 14,921,766. The firm has a market cap of $61.06 billion, a price-to-earnings ratio of 14.68, a P/E/G ratio of 0.97 and a beta of 1.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.28. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $76.54. The stock’s 50-day moving average price is $63.34 and its 200-day moving average price is $62.44.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The firm had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 earnings per share. Equities analysts forecast that PayPal Holdings, Inc. will post 4.14 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.