First Bank & Trust Boosts Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

First Bank & Trust grew its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,016 shares of the credit services provider’s stock after purchasing an additional 171 shares during the period. First Bank & Trust’s holdings in PayPal were worth $313,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its stake in PayPal by 40.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 73,537 shares of the credit services provider’s stock worth $5,738,000 after buying an additional 21,002 shares during the last quarter. NorthCrest Asset Manangement LLC raised its position in PayPal by 3.6% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 114,047 shares of the credit services provider’s stock valued at $8,899,000 after purchasing an additional 3,983 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in PayPal by 13.8% during the 3rd quarter. Arkadios Wealth Advisors now owns 54,668 shares of the credit services provider’s stock worth $4,266,000 after purchasing an additional 6,617 shares during the period. Forsta AP Fonden increased its stake in PayPal by 13.6% in the third quarter. Forsta AP Fonden now owns 205,400 shares of the credit services provider’s stock valued at $16,027,000 after purchasing an additional 24,600 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of PayPal by 29.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345,459 shares of the credit services provider’s stock valued at $26,905,000 after buying an additional 77,696 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on PYPL shares. Stephens boosted their target price on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Monness Crespi & Hardt lifted their price objective on PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a report on Monday, July 29th. JPMorgan Chase & Co. raised their price target on PayPal from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Royal Bank of Canada restated an “outperform” rating and issued a $84.00 price target on shares of PayPal in a research note on Wednesday, July 31st. Finally, Argus upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Seventeen investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.03.

PayPal Stock Up 0.4 %

Shares of NASDAQ PYPL opened at $81.70 on Friday. The firm has a market cap of $85.46 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 1.50 and a beta of 1.44. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $82.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. The stock’s 50-day simple moving average is $75.65 and its 200-day simple moving average is $67.16.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $0.99 by $0.20. The company had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The business’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 EPS. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 4.44 earnings per share 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.