First National Trust Co Sells 2,054 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

First National Trust Co lowered its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 21.7% during the third quarter, HoldingsChannel.com reports. The fund owned 7,430 shares of the credit services provider’s stock after selling 2,054 shares during the period. First National Trust Co’s holdings in PayPal were worth $580,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PYPL. Family Firm Inc. bought a new stake in shares of PayPal in the 2nd quarter valued at approximately $29,000. SYSTM Wealth Solutions LLC boosted its stake in PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after buying an additional 167 shares in the last quarter. Tortoise Investment Management LLC grew its position in PayPal by 930.0% in the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 465 shares during the period. LRI Investments LLC acquired a new position in PayPal during the first quarter worth $34,000. Finally, Financial Management Professionals Inc. lifted its holdings in shares of PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 243 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Up 1.1 %

Shares of NASDAQ:PYPL opened at $87.31 on Thursday. The company has a 50 day moving average price of $77.95 and a two-hundred day moving average price of $68.63. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $87.53 billion, a PE ratio of 20.84, a PEG ratio of 1.54 and a beta of 1.43. PayPal Holdings, Inc. has a 52 week low of $55.28 and a 52 week high of $87.92.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the prior year, the company earned $0.97 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts forecast that PayPal Holdings, Inc. will post 4.56 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on PYPL. Monness Crespi & Hardt upped their target price on shares of PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Macquarie upped their price objective on shares of PayPal from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada lifted their target price on shares of PayPal from $84.00 to $89.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Fifteen equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, PayPal has an average rating of “Moderate Buy” and an average target price of $83.45.

About PayPal

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.