Bath Savings Trust Co lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 30.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,791 shares of the credit services provider’s stock after selling 2,053 shares during the period. Bath Savings Trust Co’s holdings in PayPal were worth $320,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Platform Technology Partners boosted its stake in PayPal by 10.7% in the 2nd quarter. Platform Technology Partners now owns 7,408 shares of the credit services provider’s stock worth $523,000 after purchasing an additional 717 shares in the last quarter. Ignite Planners LLC boosted its stake in PayPal by 7.2% in the 2nd quarter. Ignite Planners LLC now owns 4,452 shares of the credit services provider’s stock worth $297,000 after purchasing an additional 300 shares in the last quarter. Y.D. More Investments Ltd boosted its stake in PayPal by 1.9% in the 2nd quarter. Y.D. More Investments Ltd now owns 17,090 shares of the credit services provider’s stock worth $1,140,000 after purchasing an additional 311 shares in the last quarter. Worth Asset Management LLC boosted its stake in PayPal by 24.3% in the 2nd quarter. Worth Asset Management LLC now owns 935 shares of the credit services provider’s stock worth $62,000 after purchasing an additional 183 shares in the last quarter. Finally, Canton Hathaway LLC boosted its stake in PayPal by 15.9% in the 2nd quarter. Canton Hathaway LLC now owns 23,400 shares of the credit services provider’s stock worth $1,561,000 after purchasing an additional 3,205 shares in the last quarter. Hedge funds and other institutional investors own 68.42% of the company’s stock.
Analyst Ratings Changes
Several analysts have commented on the stock. Mizuho restated a “buy” rating and set a $92.00 price objective on shares of PayPal in a research note on Friday. Canaccord Genuity Group decreased their price objective on shares of PayPal from $160.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, August 3rd. Truist Financial lifted their price objective on shares of PayPal from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Atlantic Securities cut shares of PayPal from an “overweight” rating to a “neutral” rating and set a $72.00 price objective for the company. in a research note on Tuesday, June 13th. Finally, Jefferies Financial Group lifted their price objective on shares of PayPal from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.48.
PayPal Stock Down 1.2 %
Shares of PYPL stock traded down $0.76 during trading hours on Monday, reaching $63.45. 6,939,986 shares of the stock were exchanged, compared to its average volume of 15,279,047. The firm has a market capitalization of $69.67 billion, a P/E ratio of 17.61, a P/E/G ratio of 0.97 and a beta of 1.34. PayPal Holdings, Inc. has a 12-month low of $57.29 and a 12-month high of $95.64. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.30 and a quick ratio of 1.30. The business’s fifty day moving average is $66.04 and its two-hundred day moving average is $68.34.
PayPal (NASDAQ:PYPL – Get Free Report) last announced its quarterly earnings results on Wednesday, August 2nd. The credit services provider reported $1.16 EPS for the quarter, meeting the consensus estimate of $1.16. The company had revenue of $7.29 billion for the quarter, compared to analyst estimates of $7.27 billion. PayPal had a net margin of 14.27% and a return on equity of 20.31%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 earnings per share. As a group, research analysts expect that PayPal Holdings, Inc. will post 3.81 EPS for the current fiscal year.
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 150 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.
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