PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by First National Bank Sioux Falls

First National Bank Sioux Falls lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,349 shares of the credit services provider’s stock after selling 400 shares during the period. First National Bank Sioux Falls’ holdings in PayPal were worth $206,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Hartford Financial Management Inc. increased its stake in shares of PayPal by 18.8% in the 4th quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock valued at $63,000 after purchasing an additional 163 shares in the last quarter. Pine Haven Investment Counsel Inc raised its stake in shares of PayPal by 3.7% during the 4th quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider’s stock worth $289,000 after buying an additional 170 shares during the period. Brooks Moore & Associates Inc. lifted its position in shares of PayPal by 1.3% during the 3rd quarter. Brooks Moore & Associates Inc. now owns 14,391 shares of the credit services provider’s stock valued at $841,000 after buying an additional 180 shares in the last quarter. Waldron Private Wealth LLC grew its stake in PayPal by 1.9% in the 4th quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider’s stock valued at $590,000 after acquiring an additional 182 shares during the period. Finally, New World Advisors LLC increased its holdings in PayPal by 2.9% in the 4th quarter. New World Advisors LLC now owns 6,586 shares of the credit services provider’s stock worth $404,000 after acquiring an additional 185 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PYPL. Daiwa Capital Markets lowered shares of PayPal from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $64.00 to $62.00 in a research report on Tuesday, February 13th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. Citigroup decreased their price objective on PayPal from $76.00 to $73.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Wedbush reaffirmed an “outperform” rating and set a $85.00 target price on shares of PayPal in a report on Thursday, February 8th. Finally, BMO Capital Markets lowered their target price on PayPal from $65.00 to $60.00 and set a “market perform” rating on the stock in a report on Thursday, February 8th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $70.47.

Insider Buying and Selling

In other PayPal news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the transaction, the senior vice president now owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

PayPal Stock Up 2.0 %

Shares of NASDAQ:PYPL traded up $1.24 on Tuesday, hitting $64.43. 9,897,597 shares of the company’s stock were exchanged, compared to its average volume of 16,395,941. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $76.54. The company has a market capitalization of $67.82 billion, a PE ratio of 16.72, a P/E/G ratio of 1.38 and a beta of 1.45. The firm’s 50-day moving average is $62.40 and its 200 day moving average is $60.00.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. The firm had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.01 earnings per share. Sell-side analysts predict that PayPal Holdings, Inc. will post 4.04 EPS for the current year.

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.