PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Moody National Bank Trust Division

Moody National Bank Trust Division boosted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 14,393 shares of the credit services provider’s stock after buying an additional 1,376 shares during the period. Moody National Bank Trust Division’s holdings in PayPal were worth $835,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of PayPal during the fourth quarter worth $749,561,000. The Manufacturers Life Insurance Company raised its holdings in PayPal by 125.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,724,188 shares of the credit services provider’s stock worth $105,882,000 after purchasing an additional 958,130 shares in the last quarter. Clearbridge Investments LLC lifted its position in PayPal by 15.8% in the first quarter. Clearbridge Investments LLC now owns 6,644,317 shares of the credit services provider’s stock valued at $445,103,000 after acquiring an additional 904,804 shares during the last quarter. Boston Partners boosted its holdings in shares of PayPal by 4,024.5% in the fourth quarter. Boston Partners now owns 783,248 shares of the credit services provider’s stock valued at $48,099,000 after acquiring an additional 764,258 shares during the period. Finally, Panagora Asset Management Inc. increased its position in PayPal by 1,309.2% in the 4th quarter. Panagora Asset Management Inc. now owns 800,648 shares of the credit services provider’s stock valued at $49,168,000 after acquiring an additional 743,833 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Trading Down 2.5 %

PYPL traded down $1.52 on Monday, reaching $60.46. 17,426,732 shares of the company’s stock were exchanged, compared to its average volume of 14,731,467. The company’s 50 day moving average is $61.01 and its 200-day moving average is $62.26. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $70.66. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.24. The company has a market cap of $61.81 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 0.93 and a beta of 1.42.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The company had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.82 billion. During the same quarter in the previous year, the firm posted $0.83 earnings per share. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. Equities analysts predict that PayPal Holdings, Inc. will post 4.42 earnings per share for the current year.

Insider Buying and Selling at PayPal

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on PYPL shares. William Blair upgraded PayPal to a “hold” rating in a research note on Tuesday, July 30th. Susquehanna raised their price objective on shares of PayPal from $71.00 to $83.00 and gave the company a “positive” rating in a research report on Wednesday, July 31st. Citigroup boosted their target price on PayPal from $79.00 to $81.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $78.00 price target on shares of PayPal in a research note on Thursday, July 11th. Finally, UBS Group increased their price objective on PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Nineteen equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, PayPal presently has an average rating of “Hold” and a consensus price target of $74.94.

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.