PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,523 shares of the credit services provider’s stock after acquiring an additional 823 shares during the period. PayPal makes up about 1.5% of Stock Yards Bank & Trust Co.’s investment portfolio, making the stock its 23rd largest position. Stock Yards Bank & Trust Co.’s holdings in PayPal were worth $24,335,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Winthrop Advisory Group LLC grew its holdings in PayPal by 14.8% during the third quarter. Winthrop Advisory Group LLC now owns 1,468 shares of the credit services provider’s stock worth $382,000 after acquiring an additional 189 shares during the period. WESPAC Advisors SoCal LLC grew its holdings in PayPal by 19.2% during the third quarter. WESPAC Advisors SoCal LLC now owns 11,403 shares of the credit services provider’s stock worth $2,966,000 after acquiring an additional 1,833 shares during the period. Atlas Brown Inc. acquired a new position in PayPal during the third quarter worth about $209,000. SevenBridge Financial Group LLC grew its holdings in PayPal by 1.0% during the third quarter. SevenBridge Financial Group LLC now owns 5,369 shares of the credit services provider’s stock worth $1,397,000 after acquiring an additional 52 shares during the period. Finally, Procyon Private Wealth Partners LLC boosted its position in shares of PayPal by 11.7% in the 3rd quarter. Procyon Private Wealth Partners LLC now owns 9,615 shares of the credit services provider’s stock valued at $2,502,000 after purchasing an additional 1,006 shares during the period. 78.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PYPL stock traded up $0.66 during trading on Thursday, reaching $188.71. The company had a trading volume of 13,344,071 shares, compared to its average volume of 8,978,702. The firm’s 50 day simple moving average is $242.41 and its two-hundred day simple moving average is $265.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.30 and a quick ratio of 1.29. PayPal Holdings, Inc. has a one year low of $184.27 and a one year high of $310.16. The company has a market capitalization of $221.72 billion, a PE ratio of 45.36, a PEG ratio of 3.01 and a beta of 1.11.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Monday, November 8th. The credit services provider reported $1.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.04. The business had revenue of $6.18 billion for the quarter, compared to the consensus estimate of $6.24 billion. PayPal had a return on equity of 19.75% and a net margin of 20.09%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business earned $0.80 EPS. Analysts forecast that PayPal Holdings, Inc. will post 3.46 earnings per share for the current year.

PYPL has been the subject of a number of recent analyst reports. UBS Group reiterated a “buy” rating and issued a $263.00 price target on shares of PayPal in a research report on Thursday, November 18th. Bank of America reiterated a “buy” rating on shares of PayPal in a research report on Monday, August 30th. Robert W. Baird decreased their price target on PayPal from $325.00 to $290.00 and set an “outperform” rating for the company in a research report on Tuesday, November 9th. Truist Securities decreased their price target on PayPal from $275.00 to $200.00 and set a “hold” rating for the company in a research report on Tuesday, November 9th. Finally, Sanford C. Bernstein lowered PayPal from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $260.00 to $220.00 in a research report on Wednesday, November 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirty-five have issued a buy rating to the company. Based on data from MarketBeat, PayPal has a consensus rating of “Buy” and a consensus price target of $283.13.

In other PayPal news, CEO Daniel H. Schulman sold 10,000 shares of PayPal stock in a transaction that occurred on Friday, October 29th. The stock was sold at an average price of $234.53, for a total value of $2,345,300.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director David W. Dorman acquired 1,547 shares of the stock in a transaction dated Tuesday, November 23rd. The shares were purchased at an average price of $186.47 per share, for a total transaction of $288,469.09. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 34,114 shares of company stock worth $7,102,758. Company insiders own 0.10% of the company’s stock.

PayPal Company Profile

PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The firm manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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