Legacy Trust Trims Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Legacy Trust lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,632 shares of the credit services provider’s stock after selling 535 shares during the quarter. Legacy Trust’s holdings in PayPal were worth $4,663,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Gries Financial LLC grew its position in shares of PayPal by 17.8% during the fourth quarter. Gries Financial LLC now owns 3,325 shares of the credit services provider’s stock worth $284,000 after buying an additional 503 shares in the last quarter. Ibex Wealth Advisors bought a new stake in shares of PayPal in the 4th quarter worth about $2,659,000. Swedbank AB raised its stake in shares of PayPal by 2.2% in the 4th quarter. Swedbank AB now owns 710,280 shares of the credit services provider’s stock valued at $60,622,000 after purchasing an additional 14,997 shares in the last quarter. Allen Capital Group LLC raised its stake in shares of PayPal by 4.9% in the 4th quarter. Allen Capital Group LLC now owns 30,230 shares of the credit services provider’s stock valued at $2,580,000 after purchasing an additional 1,422 shares in the last quarter. Finally, Strategic Blueprint LLC lifted its position in shares of PayPal by 9.9% during the fourth quarter. Strategic Blueprint LLC now owns 3,590 shares of the credit services provider’s stock worth $306,000 after purchasing an additional 323 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Trading Up 0.6 %

Shares of PYPL stock opened at $88.76 on Thursday. 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 stock has a 50-day simple moving average of $87.96 and a 200 day simple moving average of $78.46. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $93.66. The stock has a market capitalization of $88.99 billion, a P/E ratio of 21.18, a P/E/G ratio of 1.54 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share 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 company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the firm posted $0.97 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 4.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on PYPL. Royal Bank of Canada restated an “outperform” rating and set a $100.00 price objective on shares of PayPal in a research note on Thursday, December 12th. Piper Sandler boosted their price target on PayPal from $88.00 to $93.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Stephens lifted their price objective on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Citigroup lifted their price target on shares of PayPal from $94.00 to $97.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. raised their target price on shares of PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and a consensus target price of $89.48.

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.