First Western Trust Bank Lowers Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

First Western Trust Bank cut its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,844 shares of the credit services provider’s stock after selling 4,296 shares during the quarter. First Western Trust Bank’s holdings in PayPal were worth $2,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of PYPL. Mach 1 Financial Group LLC bought a new position in shares of PayPal in the 1st quarter worth $22,024,000. VitalStone Financial LLC increased its holdings in shares of PayPal by 4,514.3% in the 1st quarter. VitalStone Financial LLC now owns 323 shares of the credit services provider’s stock worth $75,000 after buying an additional 316 shares during the last quarter. Beacon Capital Management LLC increased its holdings in shares of PayPal by 108.7% in the 2nd quarter. Beacon Capital Management LLC now owns 384 shares of the credit services provider’s stock worth $26,000 after buying an additional 200 shares during the last quarter. Resurgent Financial Advisors LLC bought a new position in shares of PayPal in the 4th quarter worth $29,000. Finally, ZRC Wealth Management LLC bought a new position in shares of PayPal during the 1st quarter valued at $32,000. 68.42% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Stock Performance

Shares of PYPL stock traded up $0.39 during trading hours on Monday, reaching $56.93. The company had a trading volume of 4,543,744 shares, compared to its average volume of 15,151,582. The business has a fifty day moving average price of $56.94 and a 200-day moving average price of $62.59. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $61.38 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 0.91 and a beta of 1.38. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $88.63.

PayPal (NASDAQ:PYPL) last announced its earnings results on Wednesday, November 1st. The credit services provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.08. The company had revenue of $7.40 billion during the quarter, compared to analyst estimates of $7.39 billion. PayPal had a net margin of 12.93% and a return on equity of 20.78%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.87 earnings per share. Sell-side analysts predict that PayPal Holdings, Inc. will post 3.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on PYPL shares. Moffett Nathanson reaffirmed a “market perform” rating and set a $75.00 target price on shares of PayPal in a report on Monday, September 18th. TD Cowen started coverage on shares of PayPal in a report on Friday, October 6th. They set a “market perform” rating and a $66.00 target price on the stock. JMP Securities reduced their target price on shares of PayPal from $85.00 to $68.00 and set a “market outperform” rating on the stock in a report on Friday, November 3rd. Truist Financial cut their price target on shares of PayPal from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Finally, Oppenheimer cut their price target on shares of PayPal from $77.00 to $72.00 and set an “outperform” rating on the stock in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and a consensus target price of $78.77.

About PayPal

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.