Glenview Trust co Increases Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Glenview Trust co increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 173,977 shares of the credit services provider’s stock after buying an additional 3,440 shares during the period. Glenview Trust co’s holdings in PayPal were worth $14,849,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. United Bank raised its position in shares of PayPal by 9.7% during the 3rd quarter. United Bank now owns 8,941 shares of the credit services provider’s stock worth $698,000 after purchasing an additional 794 shares during the last quarter. Aigen Investment Management LP acquired a new position in shares of PayPal in the third quarter worth $349,000. OneDigital Investment Advisors LLC lifted its position in shares of PayPal by 12.6% in the third quarter. OneDigital Investment Advisors LLC now owns 13,862 shares of the credit services provider’s stock valued at $1,082,000 after acquiring an additional 1,555 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of PayPal by 4.0% during the third quarter. CIBC Asset Management Inc now owns 319,679 shares of the credit services provider’s stock valued at $24,945,000 after acquiring an additional 12,212 shares during the last quarter. Finally, Linscomb Wealth Inc. increased its position in PayPal by 4.0% during the 3rd quarter. Linscomb Wealth Inc. now owns 28,334 shares of the credit services provider’s stock worth $2,211,000 after purchasing an additional 1,087 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Trading Up 3.0 %

NASDAQ PYPL opened at $68.95 on Friday. The company’s fifty day simple moving average is $79.96 and its 200-day simple moving average is $80.94. The stock has a market cap of $68.21 billion, a P/E ratio of 17.19, a PEG ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.48 EPS. Equities research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Morgan Stanley raised their price target on shares of PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. Macquarie increased their price target on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods raised their price objective on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, Susquehanna upped their target price on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research note on Monday, January 6th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

Insider Buying and Selling at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now directly owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. 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 insiders.

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.