Sanibel Captiva Trust Company Inc. Trims Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Sanibel Captiva Trust Company Inc. lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 3.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 111,753 shares of the credit services provider's stock after selling 3,422 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in PayPal were worth $9,538,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd bought a new stake in shares of PayPal during the third quarter worth approximately $26,000. Rosenberg Matthew Hamilton boosted its stake in 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. SYSTM Wealth Solutions LLC grew its holdings 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 buying an additional 167 shares in the last quarter. Sugarloaf Wealth Management LLC increased its position in PayPal by 344.3% during the 4th 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 period. Finally, Planning Capital Management Corp lifted its holdings in shares of PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock worth $32,000 after buying an additional 268 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Performance

PYPL stock traded up $2.89 during trading on Friday, reaching $91.81. The company had a trading volume of 16,468,435 shares, compared to its average volume of 6,562,702. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $93.66. The company has a market cap of $92.04 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 1.42 and a beta of 1.44. The firm has a 50-day simple moving average of $87.40 and a 200-day simple moving average of $76.72.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. PayPal's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $0.97 EPS. As a group, sell-side analysts expect that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Sanford C. Bernstein downgraded shares of PayPal from an "outperform" rating to a "market perform" rating and boosted their price objective for the company from $75.00 to $80.00 in a report on Thursday, October 10th. The Goldman Sachs Group boosted their price target on PayPal from $79.00 to $87.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. BMO Capital Markets raised their price objective on PayPal from $73.00 to $82.00 and gave the stock a "market perform" rating in a research note on Wednesday, October 30th. Stephens raised their price target on PayPal from $75.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Friday, October 18th. Finally, Macquarie upped their price objective on shares of PayPal from $95.00 to $115.00 and gave the stock an "outperform" rating in a research 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.32.

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.