Fiduciary Trust Co Boosts Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Fiduciary Trust Co grew its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.5% in the fourth quarter, Holdings Channel reports. The firm owned 11,447 shares of the credit services provider’s stock after purchasing an additional 703 shares during the period. Fiduciary Trust Co’s holdings in PayPal were worth $977,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Hurley Capital LLC purchased a new stake in PayPal in the fourth quarter valued at approximately $27,000. Rosenberg Matthew Hamilton raised its position in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after buying an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC lifted its holdings in shares of PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 272 shares during the last quarter. Bernard Wealth Management Corp. purchased a new stake in PayPal in the fourth quarter worth approximately $37,000. Finally, Crowley Wealth Management Inc. bought a new position in PayPal during the fourth quarter valued at approximately $39,000. Institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on PYPL shares. JPMorgan Chase & Co. reissued an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. DZ Bank raised shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Friday, February 28th. Evercore ISI assumed coverage on shares of PayPal in a research report on Wednesday, April 9th. They set an “in-line” rating and a $65.00 price target for the company. Monness Crespi & Hardt decreased their price objective on PayPal from $120.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Finally, Citigroup dropped their target price on PayPal from $98.00 to $95.00 and set a “buy” rating for the company in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $83.68.

PayPal Trading Down 0.3 %

NASDAQ PYPL opened at $70.26 on Friday. The stock’s fifty day moving average price is $65.65 and its 200-day moving average price is $77.70. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a market cap of $68.33 billion, a P/E ratio of 17.52, a P/E/G ratio of 1.27 and a beta of 1.51. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.16 by $0.17. The company had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.08 EPS. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Activity at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.14% of the stock is owned by insiders.

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.