OLD National Bancorp IN Has $8.93 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

OLD National Bancorp IN boosted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 14.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,640 shares of the credit services provider's stock after acquiring an additional 13,086 shares during the period. OLD National Bancorp IN's holdings in PayPal were worth $8,931,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Rosenberg Matthew Hamilton grew its stake in shares of PayPal by 67.6% in the 4th 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 during the period. Gordian Capital Singapore Pte Ltd acquired a new position in shares of PayPal in the 3rd quarter worth approximately $26,000. Sugarloaf Wealth Management LLC boosted its holdings in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after acquiring an additional 272 shares in the last quarter. Planning Capital Management Corp boosted its holdings in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock worth $32,000 after acquiring an additional 268 shares in the last quarter. Finally, Financial Management Professionals Inc. boosted its holdings in shares of PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider's stock worth $34,000 after acquiring an additional 243 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PYPL. UBS Group boosted their target price on PayPal from $72.00 to $85.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Citigroup boosted their target price on PayPal from $94.00 to $97.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Needham & Company LLC reissued a "hold" rating on shares of PayPal in a report on Wednesday, October 30th. Canaccord Genuity Group upped their price objective on PayPal from $80.00 to $96.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Macquarie upped their price objective on PayPal from $95.00 to $115.00 and gave the stock an "outperform" rating in a report on Tuesday, December 17th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $89.48.

PayPal Stock Up 0.9 %

PYPL stock traded up $0.81 during trading hours on Thursday, reaching $89.57. 7,700,074 shares of the stock were exchanged, compared to its average volume of 8,199,924. The firm's 50-day moving average is $88.04 and its 200-day moving average is $78.53. The company has a market cap of $89.80 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 1.54 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66.

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

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.