Security National Bank of Sioux City Iowa IA Sells 392 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Security National Bank of Sioux City Iowa IA trimmed its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,719 shares of the credit services provider’s stock after selling 392 shares during the period. Security National Bank of Sioux City Iowa IA’s holdings in PayPal were worth $1,512,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PYPL. Relyea Zuckerberg Hanson LLC grew its holdings in PayPal by 113.8% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after acquiring an additional 3,976 shares during the last quarter. J. Goldman & Co LP grew its stake in shares of PayPal by 11.9% during the fourth quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider’s stock valued at $22,304,000 after purchasing an additional 27,812 shares during the last quarter. Nikko Asset Management Americas Inc. increased its holdings in shares of PayPal by 2.7% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider’s stock valued at $59,489,000 after purchasing an additional 18,172 shares in the last quarter. ExodusPoint Capital Management LP raised its position in PayPal by 223.1% in the 4th quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider’s stock worth $22,622,000 after purchasing an additional 183,011 shares during the last quarter. Finally, StoneX Group Inc. lifted its holdings in PayPal by 70.4% during the 4th quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider’s stock worth $2,326,000 after buying an additional 11,260 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Price Performance

PYPL stock opened at $71.57 on Friday. The stock has a 50-day moving average price of $65.90 and a two-hundred day moving average price of $77.45. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The stock has a market cap of $69.60 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.17. The business had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. PayPal’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the company earned $1.08 earnings per share. Equities analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on PYPL shares. Barclays lowered their target price on PayPal from $110.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. BMO Capital Markets lowered their price objective on PayPal from $83.00 to $79.00 and set a “market perform” rating for the company in a research report on Wednesday, April 30th. JPMorgan Chase & Co. restated an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods lowered their price target on shares of PayPal from $104.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, March 31st. Finally, Robert W. Baird increased their price objective on shares of PayPal from $78.00 to $79.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and a consensus price target of $83.68.

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.