CNB Bank Has $951,000 Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

CNB Bank boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,144 shares of the credit services provider’s stock after buying an additional 697 shares during the quarter. CNB Bank’s holdings in PayPal were worth $951,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PYPL. Gordian Capital Singapore Pte Ltd bought a new stake in shares of PayPal in the 3rd quarter worth about $26,000. Rosenberg Matthew Hamilton boosted its position in PayPal by 67.6% in the fourth 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. SYSTM Wealth Solutions LLC grew its stake in PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after buying an additional 167 shares during the last quarter. Sugarloaf Wealth Management LLC increased its holdings in shares of PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after buying an additional 272 shares in the last quarter. Finally, Planning Capital Management Corp raised its stake in shares of PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 268 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Up 2.4 %

NASDAQ PYPL opened at $91.07 on Friday. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $93.66. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The business has a fifty day moving average price of $87.08 and a 200 day moving average price of $76.40. The company has a market cap of $91.31 billion, a P/E ratio of 21.71, a P/E/G ratio of 1.42 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 earnings per share. Research analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PYPL shares. Morgan Stanley boosted their price objective on shares of PayPal from $76.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Robert W. Baird upped their price target on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Stephens lifted their price objective on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Barclays upped their target price on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $89.32.

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.