Heritage Trust Co Makes New $3.44 Million Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Heritage Trust Co acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 40,332 shares of the credit services provider's stock, valued at approximately $3,442,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rosenberg Matthew Hamilton grew its stake in PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. Hurley Capital LLC bought a new position in shares of PayPal in the fourth quarter valued at $27,000. Sugarloaf Wealth Management LLC increased its holdings in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after buying an additional 272 shares during the last quarter. Modus Advisors LLC bought a new stake in PayPal during the fourth quarter worth $37,000. Finally, Bernard Wealth Management Corp. bought a new position in shares of PayPal in the 4th quarter valued at about $37,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PYPL has been the topic of a number of research analyst reports. Barclays cut their target price on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday. Susquehanna raised their price objective on PayPal from $94.00 to $101.00 and gave the company a "positive" rating in a research report on Monday, January 6th. Macquarie lifted their target price on PayPal from $115.00 to $117.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. BTIG Research restated a "neutral" rating on shares of PayPal in a research note on Tuesday, February 4th. Finally, Citigroup reaffirmed an "outperform" rating on shares of PayPal in a research report on Wednesday, February 5th. Sixteen research 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $87.03.

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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 shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares in the company, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.14% of the company's stock.

PayPal Price Performance

PYPL stock traded up $0.06 during trading on Tuesday, reaching $62.33. 4,060,064 shares of the company were exchanged, compared to its average volume of 11,447,881. The company has a market capitalization of $61.66 billion, a price-to-earnings ratio of 15.54, a P/E/G ratio of 1.27 and a beta of 1.60. 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 company has a 50-day moving average of $69.54 and a two-hundred day moving average of $79.65. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66.

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