Intrust Bank NA Has $404,000 Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Intrust Bank NA raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,731 shares of the credit services provider’s stock after purchasing an additional 193 shares during the quarter. Intrust Bank NA’s holdings in PayPal were worth $404,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PYPL. Relyea Zuckerberg Hanson LLC boosted its position in shares of PayPal by 113.8% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after purchasing an additional 3,976 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of PayPal during the 3rd quarter worth approximately $387,435,000. Nikko Asset Management Americas Inc. grew its position in shares of PayPal by 2.7% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider’s stock worth $59,489,000 after buying an additional 18,172 shares during the period. Fortem Financial Group LLC increased its stake in shares of PayPal by 28.0% in the 4th quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider’s stock valued at $2,842,000 after acquiring an additional 7,291 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of PayPal by 120.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,555,240 shares of the credit services provider’s stock valued at $125,461,000 after acquiring an additional 849,311 shares during the period. Institutional investors own 68.32% of the company’s stock.

Insider Activity at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, the director now directly owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by company insiders.

PayPal Stock Down 5.4 %

Shares of NASDAQ PYPL opened at $65.15 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $64.45 billion, a PE ratio of 16.25, a P/E/G ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The business’s fifty day moving average price is $76.28 and its 200-day moving average price is $80.90.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. The business had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.48 earnings per share. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on PYPL. Keefe, Bruyette & Woods raised their price target on shares of PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Piper Sandler cut their price target on PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Morgan Stanley raised their price objective on PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Finally, Citigroup reiterated an “outperform” rating on shares of PayPal in a report on Wednesday, February 5th. Sixteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.03.

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.