First United Bank & Trust Buys 145 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

First United Bank & Trust raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,395 shares of the credit services provider’s stock after purchasing an additional 145 shares during the period. First United Bank & Trust’s holdings in PayPal were worth $187,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Pittenger & Anderson Inc. raised its holdings in shares of PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 172 shares in the last quarter. American National Bank purchased a new stake in shares of PayPal during the 1st quarter worth approximately $27,000. Register Financial Advisors LLC purchased a new stake in shares of PayPal during the 1st quarter worth approximately $30,000. CarsonAllaria Wealth Management Ltd. raised its holdings in shares of PayPal by 65.8% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 185 shares in the last quarter. Finally, Family Firm Inc. purchased a new stake in shares of PayPal during the 2nd quarter worth approximately $29,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PYPL shares. Macquarie upped their price objective on PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Oppenheimer started coverage on PayPal in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Sanford C. Bernstein downgraded PayPal from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $75.00 to $80.00 in a research report on Thursday, October 10th. Monness Crespi & Hardt boosted their target price on PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $78.00 target price on shares of PayPal in a research report on Wednesday, September 18th. Seventeen investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.35.

PayPal Stock Up 1.6 %

PayPal stock opened at $80.82 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The firm has a market cap of $84.54 billion, a P/E ratio of 20.36, a P/E/G ratio of 1.49 and a beta of 1.44. The business has a fifty day moving average of $73.52 and a two-hundred day moving average of $66.41. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $82.00.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the prior year, the business posted $0.83 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. On average, analysts forecast that PayPal Holdings, Inc. will post 4.42 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.