Argent Trust Co Sells 4,374 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Argent Trust Co decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 11.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,689 shares of the credit services provider's stock after selling 4,374 shares during the quarter. Argent Trust Co's holdings in PayPal were worth $2,790,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Relyea Zuckerberg Hanson LLC increased its position in PayPal by 113.8% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider's stock valued at $638,000 after acquiring an additional 3,976 shares during the period. Nikko Asset Management Americas Inc. raised its position in PayPal by 2.7% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider's stock worth $59,489,000 after purchasing an additional 18,172 shares during the last quarter. ExodusPoint Capital Management LP lifted its holdings in PayPal by 223.1% during the 4th quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider's stock worth $22,622,000 after buying an additional 183,011 shares during the period. StoneX Group Inc. grew its position in shares of PayPal by 70.4% in the 4th quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider's stock valued at $2,326,000 after buying an additional 11,260 shares during the last quarter. Finally, Fortem Financial Group LLC increased its stake in shares of PayPal by 28.0% in the fourth quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider's stock valued at $2,842,000 after buying an additional 7,291 shares during the period. Institutional investors own 68.32% of the company's stock.

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PayPal Price Performance

NASDAQ PYPL traded up $0.06 during trading on Tuesday, reaching $62.33. The company's stock had a trading volume of 4,060,064 shares, compared to its average volume of 11,447,881. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $61.66 billion, a PE ratio of 15.54, a P/E/G ratio of 1.27 and a beta of 1.60. The firm has a fifty day moving average of $69.54 and a 200 day moving average of $79.65.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.48 earnings per share. Analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.14% of the company's stock.

Analysts Set New Price Targets

PYPL has been the topic of several analyst reports. Barclays reduced their target price on PayPal from $110.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday. Evercore ISI began coverage on shares of PayPal in a research report on Wednesday, April 9th. They set an "in-line" rating and a $65.00 price objective for the company. Susquehanna boosted their target price on shares of PayPal from $94.00 to $101.00 and gave the company a "positive" rating in a report on Monday, January 6th. Macquarie increased their price target on PayPal from $115.00 to $117.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Finally, Monness Crespi & Hardt dropped their price objective on PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Sixteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $87.03.

PayPal Company 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.