Security National Bank of SO Dak Sells 275 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Security National Bank of SO Dak decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.2% during the second quarter, HoldingsChannel reports. The fund owned 11,979 shares of the credit services provider’s stock after selling 275 shares during the quarter. Security National Bank of SO Dak’s holdings in PayPal were worth $695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Legal & General Group Plc increased its holdings in shares of PayPal by 3.3% in the second quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider’s stock worth $501,184,000 after purchasing an additional 276,287 shares during the period. Clearbridge Investments LLC increased its stake in PayPal by 15.8% in the first quarter. Clearbridge Investments LLC now owns 6,644,317 shares of the credit services provider’s stock valued at $445,103,000 after acquiring an additional 904,804 shares during the last quarter. Primecap Management Co. CA increased its stake in PayPal by 180.7% in the second quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock valued at $287,043,000 after acquiring an additional 3,184,160 shares during the last quarter. First Trust Advisors LP increased its stake in PayPal by 1.7% in the fourth quarter. First Trust Advisors LP now owns 3,668,505 shares of the credit services provider’s stock valued at $225,283,000 after acquiring an additional 61,384 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in PayPal by 14.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,166,795 shares of the credit services provider’s stock valued at $183,789,000 after acquiring an additional 409,322 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on PYPL shares. Jefferies Financial Group reduced their target price on PayPal from $70.00 to $65.00 in a research note on Monday, July 29th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $78.00 target price on shares of PayPal in a research note on Wednesday, September 18th. The Goldman Sachs Group restated a “neutral” rating and set a $69.00 price target on shares of PayPal in a research report on Thursday, September 19th. Deutsche Bank Aktiengesellschaft upped their price target on shares of PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research report on Monday. Finally, Daiwa America upgraded shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Seventeen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $76.16.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $80.08 on Friday. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $80.43. The company has a 50 day simple moving average of $68.41 and a two-hundred day simple moving average of $64.93. The company has a market capitalization of $83.77 billion, a price-to-earnings ratio of 20.17, a P/E/G ratio of 1.11 and a beta of 1.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The business had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter last year, the firm earned $0.83 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. Analysts expect that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

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.