PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by City Holding Co.

City Holding Co. reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,065 shares of the credit services provider’s stock after selling 190 shares during the period. City Holding Co.’s holdings in PayPal were worth $1,030,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PYPL. Clarius Group LLC raised its holdings in shares of PayPal by 15.7% in the fourth quarter. Clarius Group LLC now owns 5,035 shares of the credit services provider’s stock worth $430,000 after acquiring an additional 684 shares during the last quarter. Aaron Wealth Advisors LLC increased its position in PayPal by 10.7% during the 4th quarter. Aaron Wealth Advisors LLC now owns 5,216 shares of the credit services provider’s stock worth $445,000 after purchasing an additional 506 shares in the last quarter. Whitaker Myers Wealth Managers LTD. acquired a new position in PayPal in the 4th quarter valued at about $326,000. Moss Adams Wealth Advisors LLC purchased a new position in PayPal in the 4th quarter valued at about $232,000. Finally, HB Wealth Management LLC boosted its stake in shares of PayPal by 8.5% during the 4th quarter. HB Wealth Management LLC now owns 18,116 shares of the credit services provider’s stock worth $1,546,000 after purchasing an additional 1,418 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Trading Up 3.3 %

NASDAQ PYPL opened at $91.81 on Tuesday. The company has a market capitalization of $92.04 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 1.42 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The company’s fifty day moving average price is $87.40 and its two-hundred day moving average price is $76.97.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter last year, the company posted $0.97 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, research analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PYPL has been the subject of a number of analyst reports. UBS Group boosted their price objective on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Wells Fargo & Company boosted their price target on PayPal from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Royal Bank of Canada restated an “outperform” rating and set a $100.00 price objective on shares of PayPal in a report on Thursday, December 12th. Macquarie upped their target price on PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. raised their price target on PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.32.

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.