PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Webster Bank N. A.

Webster Bank N. A. lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 8.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,596 shares of the credit services provider’s stock after selling 245 shares during the period. Webster Bank N. A.’s holdings in PayPal were worth $203,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pittenger & Anderson Inc. lifted its holdings in shares of PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after buying an additional 172 shares during the period. American National Bank acquired a new position in PayPal in the first quarter valued at approximately $27,000. Family Firm Inc. acquired a new position in PayPal in the second quarter valued at approximately $29,000. SYSTM Wealth Solutions LLC boosted its position in PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares in the last quarter. Finally, Register Financial Advisors LLC acquired a new stake in shares of PayPal during the 1st quarter worth approximately $30,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Daiwa Capital Markets upgraded PayPal from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $68.00 to $72.00 in a research report on Friday, August 9th. StockNews.com lowered PayPal from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. UBS Group boosted their price target on shares of PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Wells Fargo & Company lifted their target price on shares of PayPal from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Finally, Evercore ISI upped their price target on shares of PayPal from $65.00 to $70.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. Seventeen investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.71.

PayPal Stock Performance

NASDAQ:PYPL opened at $80.51 on Monday. The firm has a market capitalization of $84.22 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.49 and a beta of 1.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. The business’s fifty day moving average price is $72.42 and its 200 day moving average price is $66.12. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $82.00.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.20. The business had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the company earned $0.83 EPS. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.42 earnings per share for the current fiscal year.

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.