First National Trust Co Has $580,000 Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

First National Trust Co cut its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 21.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,430 shares of the credit services provider’s stock after selling 2,054 shares during the quarter. First National Trust Co’s holdings in PayPal were worth $580,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Avantax Advisory Services Inc. lifted its holdings in shares of PayPal by 13.6% in the first quarter. Avantax Advisory Services Inc. now owns 27,149 shares of the credit services provider’s stock valued at $1,819,000 after purchasing an additional 3,245 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in PayPal by 2.4% in the 1st quarter. Bleakley Financial Group LLC now owns 14,763 shares of the credit services provider’s stock worth $989,000 after acquiring an additional 344 shares in the last quarter. TBH Global Asset Management LLC acquired a new stake in PayPal during the 1st quarter worth about $252,000. Kingsview Wealth Management LLC grew its stake in PayPal by 14.9% during the 1st quarter. Kingsview Wealth Management LLC now owns 24,597 shares of the credit services provider’s stock valued at $1,648,000 after acquiring an additional 3,183 shares in the last quarter. Finally, Leo Wealth LLC increased its holdings in shares of PayPal by 9.3% in the 1st quarter. Leo Wealth LLC now owns 3,873 shares of the credit services provider’s stock valued at $259,000 after purchasing an additional 329 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Argus upgraded shares of PayPal from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Royal Bank of Canada boosted their price target on shares of PayPal from $84.00 to $89.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Phillip Securities reiterated an “accumulate” rating and set a $90.00 price objective (up from $80.00) on shares of PayPal in a report on Friday, November 1st. Robert W. Baird lifted their price objective on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Fifteen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and a consensus price target of $83.45.

PayPal Trading Up 1.1 %

Shares of PYPL stock opened at $87.31 on Thursday. The firm has a market capitalization of $87.53 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 1.54 and a beta of 1.43. PayPal Holdings, Inc. has a 1 year low of $55.28 and a 1 year high of $87.92. The firm’s fifty day simple moving average is $77.95 and its 200 day simple moving average is $68.63. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the prior year, the business earned $0.97 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.56 EPS for the current year.

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.