First Financial Corp IN Sells 537 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

First Financial Corp IN trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,901 shares of the credit services provider’s stock after selling 537 shares during the quarter. First Financial Corp IN’s holdings in PayPal were worth $797,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PYPL. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in PayPal during the 4th quarter valued at approximately $25,000. American National Bank acquired a new stake in shares of PayPal during the 1st quarter worth approximately $27,000. Private Wealth Management Group LLC bought a new stake in PayPal in the fourth quarter valued at $29,000. Spartan Planning & Wealth Management increased its position in PayPal by 13,625.0% in the 4th quarter. Spartan Planning & Wealth Management now owns 549 shares of the credit services provider’s stock valued at $34,000 after buying an additional 545 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new position in PayPal during the 1st quarter worth approximately $34,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at PayPal

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of PayPal stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $61.65, for a total transaction of $272,616.30. Following the completion of the sale, the director now directly owns 13,976 shares in the company, valued at $861,620.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on PYPL shares. UBS Group boosted their price objective on PayPal from $63.00 to $71.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Robert W. Baird raised their price target on shares of PayPal from $70.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Sanford C. Bernstein increased their price objective on PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a research note on Thursday, April 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research report on Tuesday, April 30th. Finally, Stephens increased their price target on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 1st. Twenty-one analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, PayPal has an average rating of “Hold” and an average target price of $73.64.

PayPal Price Performance

Shares of PYPL traded down $0.86 during midday trading on Wednesday, hitting $58.47. 5,308,391 shares of the company traded hands, compared to its average volume of 14,897,114. The stock has a 50-day moving average of $63.44 and a 200-day moving average of $62.47. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.28. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $76.54. The firm has a market cap of $61.16 billion, a P/E ratio of 14.75, a PEG ratio of 0.97 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The firm had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same period last year, the company posted $0.86 EPS. The business’s revenue was up 9.4% on a year-over-year basis. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.14 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.