Trust Co. of Toledo NA OH lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 18.5% during the second quarter, Holdings Channel reports. The fund owned 11,025 shares of the credit services provider’s stock after buying an additional 1,721 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in PayPal were worth $819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Gordian Capital Singapore Pte Ltd increased its stake in shares of PayPal by 41.2% in the first quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 138 shares during the period. GSB Wealth Management LLC increased its stake in shares of PayPal by 1.7% in the second quarter. GSB Wealth Management LLC now owns 8,160 shares of the credit services provider’s stock worth $606,000 after acquiring an additional 140 shares during the period. CreativeOne Wealth LLC increased its stake in shares of PayPal by 1.5% in the first quarter. CreativeOne Wealth LLC now owns 9,387 shares of the credit services provider’s stock worth $613,000 after acquiring an additional 142 shares during the period. Pitti Group Wealth Management LLC increased its stake in shares of PayPal by 1.5% in the second quarter. Pitti Group Wealth Management LLC now owns 10,233 shares of the credit services provider’s stock worth $761,000 after acquiring an additional 147 shares during the period. Finally, MONECO Advisors LLC increased its stake in shares of PayPal by 0.8% in the first quarter. MONECO Advisors LLC now owns 20,450 shares of the credit services provider’s stock worth $1,334,000 after acquiring an additional 154 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.
PayPal Stock Performance
PYPL opened at $69.90 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The company has a market cap of $66.78 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 1.08 and a beta of 1.44. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The firm’s fifty day simple moving average is $68.92 and its two-hundred day simple moving average is $69.42.
Analyst Ratings Changes
A number of research firms have recently weighed in on PYPL. Weiss Ratings reiterated a “hold (c)” rating on shares of PayPal in a research note on Wednesday. Deutsche Bank Aktiengesellschaft set a $75.00 price target on shares of PayPal in a research report on Tuesday, July 29th. Citigroup restated a “buy” rating on shares of PayPal in a research report on Tuesday, July 29th. Royal Bank Of Canada restated an “outperform” rating and set a $88.00 price target on shares of PayPal in a research report on Thursday, June 26th. Finally, BMO Capital Markets restated a “market perform” rating on shares of PayPal in a research report on Tuesday, July 29th. Seventeen analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, PayPal has a consensus rating of “Hold” and a consensus target price of $84.66.
Check Out Our Latest Research Report on PayPal
Insider Buying and Selling at PayPal
In other news, CAO Chris Natali sold 7,102 shares of the firm’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $69.35, for a total value of $492,523.70. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Suzan Kereere sold 4,162 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $69.39, for a total transaction of $288,801.18. Following the completion of the transaction, the insider directly owned 48,483 shares in the company, valued at approximately $3,364,235.37. This represents a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,102 shares of company stock valued at $1,046,607 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.
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.
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