First National Trust Co Has $4.90 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

First National Trust Co lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 16.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 79,816 shares of the credit services provider’s stock after selling 15,644 shares during the quarter. First National Trust Co’s holdings in PayPal were worth $4,902,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in PayPal during the 4th quarter worth $25,000. Sutton Wealth Advisors Inc. increased its position in shares of PayPal by 115.0% in the 3rd quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock valued at $26,000 after buying an additional 237 shares in the last quarter. BluePath Capital Management LLC bought a new stake in shares of PayPal in the 3rd quarter valued at $33,000. Beacon Capital Management LLC increased its position in shares of PayPal by 58.6% in the 4th quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock valued at $36,000 after buying an additional 225 shares in the last quarter. Finally, Criterion Capital Advisors LLC bought a new stake in shares of PayPal in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Buying and Selling at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the transaction, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Sanford C. Bernstein upped their price objective on shares of PayPal from $66.00 to $68.00 and gave the company a “market perform” rating in a research report on Thursday, April 18th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research report on Tuesday. Canaccord Genuity Group lowered their price objective on shares of PayPal from $100.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. William Blair reaffirmed an “outperform” rating on shares of PayPal in a research note on Thursday, February 8th. Finally, Citigroup reduced their target price on shares of PayPal from $76.00 to $73.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Twenty-five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $72.73.

PayPal Stock Performance

NASDAQ:PYPL traded down $1.28 during mid-day trading on Friday, hitting $65.70. The stock had a trading volume of 15,435,157 shares, compared to its average volume of 12,651,739. The stock has a market cap of $68.73 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 1.22 and a beta of 1.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.29 and a current ratio of 1.28. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54. The company’s 50 day simple moving average is $63.56 and its 200 day simple moving average is $60.44.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). The company had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 earnings per share. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 4.07 earnings per share 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.