First County Bank CT Sells 872 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

First County Bank CT trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 11.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 7,079 shares of the credit services provider’s stock after selling 872 shares during the quarter. First County Bank CT’s holdings in PayPal were worth $604,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Gordian Capital Singapore Pte Ltd bought a new position in PayPal during the 3rd quarter valued at about $26,000. Planning Capital Management Corp grew its stake in shares of PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after buying an additional 268 shares during the last quarter. Financial Management Professionals Inc. raised its holdings in shares of PayPal by 125.3% in the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after buying an additional 243 shares during the period. Modus Advisors LLC bought a new stake in shares of PayPal during the 4th quarter worth approximately $37,000. Finally, Legacy Investment Solutions LLC bought a new position in PayPal in the 3rd quarter valued at $36,000. Institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PYPL shares. Wells Fargo & Company lifted their target price on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Canaccord Genuity Group lifted their price objective on shares of PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Robert W. Baird upped their target price on shares of PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Finally, Susquehanna increased their price objective on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research note on Monday. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $88.65.

Read Our Latest Analysis on PayPal

PayPal Stock Performance

PayPal stock traded down $1.54 during trading hours on Tuesday, hitting $87.99. 3,501,959 shares of the stock traded hands, compared to its average volume of 5,896,234. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $93.66. The stock has a market capitalization of $88.21 billion, a price-to-earnings ratio of 21.00, a P/E/G ratio of 1.66 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The firm’s 50 day moving average price is $85.99 and its 200-day moving average price is $75.15.

PayPal (NASDAQ:PYPLGet Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the prior year, the company earned $0.97 EPS. PayPal’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, equities analysts expect that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

PayPal Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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