PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Position Decreased by First Western Trust Bank

First Western Trust Bank lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 20.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,117 shares of the credit services provider’s stock after selling 5,296 shares during the period. First Western Trust Bank’s holdings in PayPal were worth $1,313,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PYPL. Capital Research Global Investors boosted its stake in PayPal by 108.2% during the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider’s stock valued at $1,529,823,000 after purchasing an additional 9,313,783 shares during the period. Goldman Sachs Group Inc. boosted its stake in PayPal by 44.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,559,376 shares of the credit services provider’s stock valued at $558,499,000 after purchasing an additional 2,638,815 shares during the period. Assenagon Asset Management S.A. boosted its stake in PayPal by 124.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,497,415 shares of the credit services provider’s stock valued at $228,206,000 after purchasing an additional 1,936,520 shares during the period. Deutsche Bank AG boosted its stake in PayPal by 19.1% during the 1st quarter. Deutsche Bank AG now owns 11,238,218 shares of the credit services provider’s stock valued at $733,294,000 after purchasing an additional 1,798,330 shares during the period. Finally, Northern Trust Corp boosted its stake in PayPal by 19.0% during the 4th quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider’s stock valued at $892,953,000 after purchasing an additional 1,669,908 shares during the period. Institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. UBS Group reduced their target price on shares of PayPal from $88.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft set a $75.00 price target on shares of PayPal in a research note on Tuesday, July 29th. Piper Sandler set a $74.00 price target on shares of PayPal in a research note on Tuesday, July 29th. Citigroup reaffirmed a “buy” rating on shares of PayPal in a research note on Tuesday, July 29th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $96.00 price target on shares of PayPal in a research note on Wednesday, July 30th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.57.

PayPal Stock Down 0.8%

PYPL stock opened at $67.65 on Friday. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The company’s 50 day simple moving average is $72.89 and its 200-day simple moving average is $71.65. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market capitalization of $64.63 billion, a P/E ratio of 14.46, a P/E/G ratio of 1.05 and a beta of 1.42.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.10. PayPal had a net margin of 14.49% and a return on equity of 25.35%. The business had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.08 billion. During the same quarter in the previous year, the business earned $1.19 earnings per share. As a group, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Activity

In other news, insider Suzan Kereere sold 4,162 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $304,824.88. Following the sale, the insider owned 48,483 shares in the company, valued at $3,550,894.92. The trade was a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Chris Natali sold 7,102 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $69.35, for a total transaction of $492,523.70. The disclosure for this sale can be found here. Insiders have sold 22,736 shares of company stock worth $1,620,835 over the last three months. 0.08% of the stock is owned by insiders.

PayPal 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.