Bokf Na Reduces Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Bokf Na trimmed its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 13.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,739 shares of the credit services provider’s stock after selling 3,132 shares during the period. Bokf Na’s holdings in PayPal were worth $1,284,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Hartford Financial Management Inc. lifted its position in shares of PayPal by 18.8% in the 4th quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock worth $63,000 after purchasing an additional 163 shares during the period. Pine Haven Investment Counsel Inc lifted its position in shares of PayPal by 3.7% in the 4th quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider’s stock worth $289,000 after purchasing an additional 170 shares during the period. Pittenger & Anderson Inc. lifted its position in PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 172 shares during the period. Waldron Private Wealth LLC lifted its position in PayPal by 1.9% during the 4th quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider’s stock valued at $590,000 after acquiring an additional 182 shares during the period. Finally, Indiana Trust & Investment Management CO lifted its position in PayPal by 18.6% during the 1st quarter. Indiana Trust & Investment Management CO now owns 1,175 shares of the credit services provider’s stock valued at $79,000 after acquiring an additional 184 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $61.65, for a total value of $272,616.30. Following the completion of the transaction, the director now directly owns 13,976 shares in the company, valued at $861,620.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

PayPal Stock Performance

NASDAQ PYPL traded up $0.11 during trading hours on Monday, hitting $58.40. 2,590,594 shares of the company’s stock traded hands, compared to its average volume of 14,270,753. The firm has a market capitalization of $61.09 billion, a P/E ratio of 14.68, a P/E/G ratio of 0.95 and a beta of 1.42. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $76.54. The business’s fifty day moving average price is $60.98 and its two-hundred day moving average price is $62.16. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The firm had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 earnings per share. Equities research analysts predict that PayPal Holdings, Inc. will post 4.15 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on PYPL. Monness Crespi & Hardt lifted their price target on shares of PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Royal Bank of Canada reissued an “outperform” rating and set a $84.00 price target on shares of PayPal in a research report on Friday, June 28th. New Street Research began coverage on shares of PayPal in a research report on Friday, May 31st. They set a “buy” rating and a $80.00 price target for the company. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, June 18th. Finally, William Blair cut shares of PayPal from an “outperform” rating to a “market perform” rating in a report on Thursday, July 18th. Twenty equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, PayPal presently has a consensus rating of “Hold” and an average target price of $73.10.

About PayPal

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.