Peoples Financial Services CORP. Trims Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Peoples Financial Services CORP. lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,028 shares of the credit services provider’s stock after selling 250 shares during the period. Peoples Financial Services CORP.’s holdings in PayPal were worth $344,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. World Investment Advisors LLC acquired a new stake in PayPal during the 3rd quarter valued at $387,435,000. United Advisor Group LLC bought a new stake in shares of PayPal during the 3rd quarter worth about $810,000. FCG Investment Co bought a new stake in shares of PayPal during the 3rd quarter worth about $1,079,000. Equity Investment Corp raised its position in shares of PayPal by 3.5% during the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after buying an additional 67,497 shares in the last quarter. Finally, Weil Company Inc. grew its stake in shares of PayPal by 68.9% in the 3rd quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock worth $3,253,000 after purchasing an additional 17,003 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

Shares of PYPL stock opened at $87.18 on Wednesday. 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 stock has a 50 day moving average price of $86.91 and a 200 day moving average price of $76.31. The firm has a market capitalization of $87.40 billion, a P/E ratio of 20.81, a P/E/G ratio of 1.66 and a beta of 1.44. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $93.66.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period in the previous year, the company posted $0.97 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Phillip Securities restated an “accumulate” rating and set a $90.00 price target (up previously from $80.00) on shares of PayPal in a report on Friday, November 1st. Citigroup upped their price objective on shares of PayPal from $94.00 to $97.00 and gave the company a “buy” rating in a research note on Tuesday. The Goldman Sachs Group boosted their target price on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. Finally, Monness Crespi & Hardt increased their price objective on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $89.16.

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.