Indiana Trust & Investment Management CO lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 22.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,156 shares of the credit services provider’s stock after acquiring an additional 584 shares during the period. Indiana Trust & Investment Management CO’s holdings in PayPal were worth $766,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisory Alpha LLC purchased a new position in shares of PayPal during the 3rd quarter worth $25,000. JFS Wealth Advisors LLC raised its holdings in shares of PayPal by 646.7% during the 4th quarter. JFS Wealth Advisors LLC now owns 112 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 97 shares during the period. Charter Oak Capital Management LLC purchased a new position in shares of PayPal during the 4th quarter worth $26,000. RWM Asset Management LLC purchased a new position in shares of PayPal during the 4th quarter worth $27,000. Finally, Vantage Consulting Group Inc purchased a new position in shares of PayPal during the 4th quarter worth $29,000. Institutional investors and hedge funds own 82.29% of the company’s stock.
PYPL traded up $5.30 on Thursday, reaching $260.90. The company’s stock had a trading volume of 260,330 shares, compared to its average volume of 9,520,450. The stock has a 50 day moving average of $253.26 and a two-hundred day moving average of $228.13. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $305.56 billion, a price-to-earnings ratio of 96.45, a P/E/G ratio of 3.53 and a beta of 1.12. PayPal Holdings, Inc. has a fifty-two week low of $100.75 and a fifty-two week high of $309.14.
PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, February 3rd. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.08. The firm had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $6.09 billion. PayPal had a return on equity of 18.31% and a net margin of 15.48%. The firm’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.86 earnings per share. As a group, analysts anticipate that PayPal Holdings, Inc. will post 2.8 earnings per share for the current fiscal year.
In other PayPal news, EVP Mark Britto sold 1,152 shares of the business’s stock in a transaction that occurred on Friday, February 5th. The stock was sold at an average price of $269.11, for a total value of $310,014.72. Following the completion of the sale, the executive vice president now owns 81,961 shares in the company, valued at $22,056,524.71. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Adele Louise Pentland sold 6,370 shares of the business’s stock in a transaction that occurred on Wednesday, February 17th. The shares were sold at an average price of $298.00, for a total value of $1,898,260.00. Following the completion of the sale, the executive vice president now owns 52,907 shares of the company’s stock, valued at approximately $15,766,286. The disclosure for this sale can be found here. In the last quarter, insiders sold 243,350 shares of company stock valued at $64,563,418. 0.12% of the stock is owned by company insiders.
Several analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of PayPal from $249.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, February 12th. Compass Point restated a “buy” rating and issued a $220.00 price objective on shares of PayPal in a report on Friday, December 11th. Wells Fargo & Company boosted their price objective on shares of PayPal from $215.00 to $280.00 and gave the company an “overweight” rating in a report on Thursday, February 4th. Truist boosted their price objective on shares of PayPal from $200.00 to $285.00 in a report on Thursday, February 4th. Finally, Bank of America restated a “buy” rating and issued a $282.00 price objective (up from $235.00) on shares of PayPal in a report on Friday, January 22nd. Six equities research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $274.68.
PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, Hyperwallet, and iZettle products. The company's payments platform allows consumers to send and receive payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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