First Citizens Bank & Trust Co. Invests $1.18 Million in Paypal Holdings Inc (PYPL)

First Citizens Bank & Trust Co. purchased a new stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 16,015 shares of the credit services provider’s stock, valued at approximately $1,179,000.

Several other institutional investors also recently made changes to their positions in PYPL. San Francisco Sentry Investment Group CA grew its holdings in Paypal by 352.8% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock worth $100,000 after acquiring an additional 1,217 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Paypal during the 3rd quarter worth approximately $113,000. Kistler Tiffany Companies LLC grew its holdings in Paypal by 511.9% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock worth $129,000 after acquiring an additional 1,684 shares during the last quarter. Thompson Davis & CO. Inc. grew its holdings in Paypal by 294.3% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 2,421 shares of the credit services provider’s stock worth $155,000 after acquiring an additional 1,807 shares during the last quarter. Finally, Valeo Financial Advisors LLC bought a new stake in Paypal during the 3rd quarter worth approximately $172,000. 80.73% of the stock is currently owned by institutional investors.

Paypal Holdings Inc (PYPL) opened at $79.75 on Friday. Paypal Holdings Inc has a 1 year low of $39.02 and a 1 year high of $80.39. The stock has a market cap of $95,850.00 and a price-to-earnings ratio of 62.30.

Paypal (NASDAQ:PYPL) last released its earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.03. Paypal had a net margin of 12.69% and a return on equity of 11.33%. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter in the previous year, the company earned $0.35 EPS. Paypal’s quarterly revenue was up 21.4% compared to the same quarter last year. equities research analysts expect that Paypal Holdings Inc will post 1.37 earnings per share for the current year.

In other Paypal news, Director Rodney C. Adkins acquired 6,750 shares of the stock in a transaction on Friday, December 8th. The shares were purchased at an average price of $74.04 per share, for a total transaction of $499,770.00. Following the completion of the acquisition, the director now owns 10,149 shares in the company, valued at approximately $751,431.96. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.00% of the stock is owned by insiders.

A number of equities research analysts have weighed in on the stock. BidaskClub raised shares of Paypal from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Cowen raised shares of Paypal from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $79.05 to $88.00 in a report on Tuesday. Vetr lowered shares of Paypal from a “buy” rating to a “hold” rating and set a $81.27 target price on the stock. in a report on Monday. Barclays reissued a “buy” rating on shares of Paypal in a report on Tuesday, November 21st. Finally, Canaccord Genuity reissued a “hold” rating and set a $66.00 target price on shares of Paypal in a report on Thursday, November 16th. Ten investment analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $76.05.

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About Paypal

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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