Moody National Bank Trust Division Lowers Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Moody National Bank Trust Division lowered its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.0% in the 4th quarter, HoldingsChannel reports. The firm owned 14,220 shares of the credit services provider’s stock after selling 1,063 shares during the quarter. Moody National Bank Trust Division’s holdings in PayPal were worth $1,214,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. World Investment Advisors LLC bought a new stake in PayPal in the 3rd quarter worth approximately $387,435,000. United Advisor Group LLC purchased a new position in shares of PayPal during the third quarter worth approximately $810,000. FCG Investment Co bought a new stake in shares of PayPal in the 3rd quarter worth approximately $1,079,000. Equity Investment Corp boosted its stake in shares of PayPal by 3.5% in the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after purchasing an additional 67,497 shares in the last quarter. Finally, Weil Company Inc. grew its holdings in shares of PayPal by 68.9% during the 3rd quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock valued at $3,253,000 after purchasing an additional 17,003 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Sanford C. Bernstein downgraded shares of PayPal from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $75.00 to $80.00 in a research note on Thursday, October 10th. Monness Crespi & Hardt boosted their target price on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, October 28th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. UBS Group boosted their price objective on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $88.65.

PayPal Price Performance

PYPL stock opened at $83.99 on Tuesday. 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 firm has a 50 day moving average price of $86.75 and a 200-day moving average price of $76.10. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $93.66. The firm has a market capitalization of $84.20 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. 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 previous year, the business earned $0.97 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities research analysts forecast that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

PayPal 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.