Bokf Na Has $1.28 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Bokf Na trimmed its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 13.7% during the first quarter, Holdings Channel reports. The firm owned 19,739 shares of the credit services provider’s stock after selling 3,132 shares during the period. Bokf Na’s holdings in PayPal were worth $1,284,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in PayPal during the fourth quarter valued at approximately $25,000. Pittenger & Anderson Inc. raised its stake in shares of PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 172 shares during the last quarter. American National Bank bought a new position in shares of PayPal in the first quarter valued at approximately $27,000. Private Wealth Management Group LLC bought a new position in shares of PayPal in the fourth quarter valued at approximately $29,000. Finally, Register Financial Advisors LLC bought a new position in shares of PayPal in the first quarter valued at approximately $30,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Deborah M. Messemer sold 4,422 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $61.65, for a total value of $272,616.30. Following the completion of the sale, the director now directly owns 13,976 shares of the company’s stock, valued at approximately $861,620.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.14% of the company’s stock.

PayPal Trading Up 0.2 %

PayPal stock traded up $0.11 during trading hours on Monday, reaching $58.40. The stock had a trading volume of 2,590,594 shares, compared to its average volume of 14,270,753. The stock has a market cap of $61.09 billion, a PE ratio of 14.68, a PEG ratio of 0.95 and a beta of 1.42. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $76.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.28. The company has a fifty day simple moving average of $60.98 and a 200-day simple moving average of $62.16.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The firm had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. PayPal’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the business earned $0.86 EPS. Analysts forecast that PayPal Holdings, Inc. will post 4.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PYPL. UBS Group lifted their target price on shares of PayPal from $63.00 to $71.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, June 18th. Wells Fargo & Company lifted their target price on shares of PayPal from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 1st. Stephens upped their price objective on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 1st. Finally, Susquehanna raised PayPal from a “neutral” rating to a “positive” rating and set a $71.00 price target on the stock in a research note on Tuesday, July 2nd. Twenty research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $73.10.

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.