CENTRAL TRUST Co Trims Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

CENTRAL TRUST Co reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.6% in the 3rd quarter, Holdings Channel reports. The fund owned 3,993 shares of the credit services provider’s stock after selling 280 shares during the period. CENTRAL TRUST Co’s holdings in PayPal were worth $312,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PYPL. Pittenger & Anderson Inc. grew its position in shares of PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 172 shares during the period. Family Firm Inc. acquired a new stake in PayPal in the 2nd quarter worth about $29,000. SYSTM Wealth Solutions LLC grew its holdings in PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after buying an additional 167 shares during the period. Register Financial Advisors LLC acquired a new position in shares of PayPal during the 1st quarter valued at about $30,000. Finally, Tortoise Investment Management LLC lifted its holdings in shares of PayPal by 930.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 465 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PYPL shares. Robert W. Baird boosted their target price on shares of PayPal from $77.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. BMO Capital Markets boosted their price objective on shares of PayPal from $72.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, October 3rd. UBS Group increased their target price on PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. StockNews.com downgraded PayPal from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Mizuho raised their price objective on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Seventeen analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $78.03.

PayPal Price Performance

PYPL stock opened at $81.70 on Friday. The stock’s 50 day moving average is $75.65 and its two-hundred day moving average is $67.16. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $82.80. The company has a market capitalization of $85.46 billion, a PE ratio of 20.58, a P/E/G ratio of 1.50 and a beta of 1.44. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $7.82 billion. During the same quarter in the previous year, the firm earned $0.83 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. Analysts predict that PayPal Holdings, Inc. will post 4.44 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.