CENTRAL TRUST Co Reduces Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

CENTRAL TRUST Co reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,993 shares of the credit services provider’s stock after selling 280 shares during the period. CENTRAL TRUST Co’s holdings in PayPal were worth $312,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Pittenger & Anderson Inc. lifted its stake in PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after buying an additional 172 shares during the last quarter. Family Firm Inc. acquired a new position in shares of PayPal in the 2nd quarter valued at $29,000. SYSTM Wealth Solutions LLC raised its position in PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 167 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in PayPal during the 1st quarter worth $30,000. Finally, Tortoise Investment Management LLC grew its position in PayPal by 930.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 465 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Stephens upped their target price on shares of PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Daiwa Capital Markets raised PayPal from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $68.00 to $72.00 in a research report on Friday, August 9th. UBS Group boosted their target price on PayPal from $71.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Barclays increased their price target on PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Finally, Susquehanna lifted their price objective on shares of PayPal from $71.00 to $83.00 and gave the company a “positive” rating in a research report on Wednesday, July 31st. Seventeen investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $78.03.

PayPal Stock Up 0.4 %

Shares of NASDAQ PYPL opened at $81.70 on Friday. The firm’s 50-day moving average is $75.65 and its two-hundred day moving average is $67.16. The company has a market capitalization of $85.46 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 1.50 and a beta of 1.44. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $82.80. 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. The firm had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. PayPal’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 EPS. Equities 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.