Crews Bank & Trust Makes New $341,000 Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Crews Bank & Trust acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,000 shares of the credit services provider's stock, valued at approximately $341,000.

Several other institutional investors also recently modified their holdings of the company. OLD National Bancorp IN increased its stake in shares of PayPal by 14.3% in the 4th quarter. OLD National Bancorp IN now owns 104,640 shares of the credit services provider's stock valued at $8,931,000 after buying an additional 13,086 shares during the period. DMC Group LLC raised its holdings in PayPal by 10.4% in the fourth quarter. DMC Group LLC now owns 7,793 shares of the credit services provider's stock worth $665,000 after purchasing an additional 737 shares during the period. Gries Financial LLC raised its position in shares of PayPal by 17.8% during the fourth quarter. Gries Financial LLC now owns 3,325 shares of the credit services provider's stock worth $284,000 after purchasing an additional 503 shares during the period. Ibex Wealth Advisors bought a new position in PayPal in the fourth quarter valued at approximately $2,659,000. Finally, Swedbank AB boosted its stake in PayPal by 2.2% in the 4th quarter. Swedbank AB now owns 710,280 shares of the credit services provider's stock worth $60,622,000 after purchasing an additional 14,997 shares during the period. Institutional investors and hedge funds own 68.32% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on PYPL shares. Stephens increased their price objective on shares of PayPal from $75.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Friday, October 18th. The Goldman Sachs Group lifted their target price on shares of PayPal from $79.00 to $87.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Royal Bank of Canada reiterated an "outperform" rating and issued a $100.00 price objective on shares of PayPal in a research note on Thursday, December 12th. JPMorgan Chase & Co. upped their price target on shares of PayPal from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Finally, Monness Crespi & Hardt boosted their target price on PayPal from $95.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, PayPal has a consensus rating of "Moderate Buy" and a consensus price target of $89.48.

PayPal Stock Performance

Shares of NASDAQ:PYPL traded up $0.38 on Friday, reaching $89.95. 2,391,661 shares of the company's stock were exchanged, compared to its average volume of 7,898,603. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $93.66. The business's 50-day moving average is $88.13 and its two-hundred day moving average is $78.61. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $90.18 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 1.49 and a beta of 1.44.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion during the quarter, compared to analysts' expectations of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business's revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $0.97 earnings per share. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 4.58 EPS for the current 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.