Dakota Community Bank & Trust NA Purchases 255 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Dakota Community Bank & Trust NA grew its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 17.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,693 shares of the credit services provider’s stock after acquiring an additional 255 shares during the quarter. Dakota Community Bank & Trust NA’s holdings in PayPal were worth $144,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group increased its stake in PayPal by 4.6% during the fourth quarter. Brooklyn Investment Group now owns 4,745 shares of the credit services provider’s stock worth $405,000 after acquiring an additional 208 shares during the last quarter. Albert D Mason Inc. purchased a new position in shares of PayPal in the 4th quarter worth approximately $270,000. Sax Wealth Advisors LLC increased its position in shares of PayPal by 67.2% during the 4th quarter. Sax Wealth Advisors LLC now owns 4,652 shares of the credit services provider’s stock valued at $397,000 after purchasing an additional 1,870 shares during the last quarter. Merit Financial Group LLC raised its holdings in PayPal by 16.1% during the 4th quarter. Merit Financial Group LLC now owns 124,497 shares of the credit services provider’s stock valued at $10,626,000 after buying an additional 17,220 shares during the period. Finally, Relyea Zuckerberg Hanson LLC lifted its position in PayPal by 113.8% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after buying an additional 3,976 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PYPL has been the topic of a number of analyst reports. Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective on the stock in a research report on Friday, December 13th. Canaccord Genuity Group increased their price objective on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Susquehanna boosted their target price on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. Citigroup increased their price target on PayPal from $94.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Wells Fargo & Company boosted their price objective on PayPal from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday. Fourteen research 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 stock. According to data from MarketBeat, PayPal has a consensus rating of “Moderate Buy” and a consensus price target of $89.32.

PayPal Trading Up 3.3 %

PayPal stock opened at $91.81 on Friday. PayPal Holdings, Inc. has a 52 week low of $55.77 and a 52 week high of $93.66. The stock has a 50-day moving average price of $87.23 and a 200 day moving average price of $76.49. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $92.04 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 1.42 and a beta of 1.44.

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 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 business had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the prior year, the firm earned $0.97 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. Sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

PayPal Company 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.