Whittier Trust Co. Sells 1,091 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Whittier Trust Co. lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,627 shares of the credit services provider’s stock after selling 1,091 shares during the quarter. Whittier Trust Co.’s holdings in PayPal were worth $673,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Primecap Management Co. CA boosted its holdings 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 worth $287,043,000 after acquiring an additional 3,184,160 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of PayPal by 28.1% in the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock worth $493,907,000 after acquiring an additional 1,866,925 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of PayPal by 31.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,899,859 shares of the credit services provider’s stock worth $194,262,000 after purchasing an additional 687,940 shares during the last quarter. Swedbank AB bought a new position in shares of PayPal in the first quarter valued at approximately $42,297,000. Finally, Greenvale Capital LLP grew its holdings in PayPal by 24.4% during the second quarter. Greenvale Capital LLP now owns 2,675,000 shares of the credit services provider’s stock worth $155,230,000 after buying an additional 525,000 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Jefferies Financial Group cut their price objective on shares of PayPal from $70.00 to $65.00 in a report on Monday, July 29th. Sanford C. Bernstein cut shares of PayPal from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $75.00 to $80.00 in a report on Thursday, October 10th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. The Goldman Sachs Group lifted their target price on shares of PayPal from $69.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Finally, Daiwa America raised PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. Sixteen investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.03.

PayPal Stock Down 0.1 %

Shares of NASDAQ:PYPL opened at $80.83 on Thursday. The company has a market cap of $82.63 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 1.47 and a beta of 1.44. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $82.24. The firm has a fifty day moving average price of $75.11 and a two-hundred day moving average price of $66.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The business had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the previous year, the business earned $0.83 earnings per share. The firm’s revenue was up 8.2% on a year-over-year basis. Analysts anticipate that PayPal Holdings, Inc. will post 4.44 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.