Whittier Trust Co. Sells 1,091 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Whittier Trust Co. cut its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,627 shares of the credit services provider’s stock after selling 1,091 shares during the quarter. Whittier Trust Co.’s holdings in PayPal were worth $673,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in PYPL. Pittenger & Anderson Inc. lifted its stake in PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 172 shares during the last quarter. Register Financial Advisors LLC bought a new stake in shares of PayPal in the 1st quarter valued at about $30,000. CarsonAllaria Wealth Management Ltd. boosted its holdings in PayPal by 65.8% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 185 shares during the period. Family Firm Inc. purchased a new stake in PayPal during the 2nd quarter valued at about $29,000. Finally, SYSTM Wealth Solutions LLC grew its position in PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PYPL shares. Daiwa America raised PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. Mizuho increased their price target on shares of PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Daiwa Capital Markets upgraded shares of PayPal from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $68.00 to $72.00 in a research report on Friday, August 9th. The Goldman Sachs Group increased their target price on shares of PayPal from $69.00 to $79.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Sixteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $78.03.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $80.83 on Thursday. The company has a market capitalization of $82.63 billion, a PE ratio of 19.57, a PEG ratio of 1.47 and a beta of 1.44. The business has a fifty day moving average price of $75.11 and a 200-day moving average price of $66.95. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $82.24. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The business had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the previous year, the company earned $0.83 earnings per share. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities analysts expect that PayPal Holdings, Inc. will post 4.44 EPS for the current fiscal year.

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.