PayPal Holdings, Inc. (NASDAQ:PYPL) Position Boosted by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,843 shares of the credit services provider’s stock after acquiring an additional 725 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in PayPal were worth $584,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC raised its stake in PayPal by 86.3% during the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after acquiring an additional 7,767,072 shares during the period. Mizuho Securities USA LLC raised its stake in PayPal by 12,919.4% during the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after acquiring an additional 10,419,351 shares during the period. Legal & General Group Plc raised its stake in PayPal by 3.3% during the second quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider’s stock worth $501,184,000 after acquiring an additional 276,287 shares during the period. Clearbridge Investments LLC raised its stake in PayPal by 28.1% during the second quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock worth $493,907,000 after acquiring an additional 1,866,925 shares during the period. Finally, Primecap Management Co. CA raised its stake in PayPal by 21.6% during the third quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock worth $469,414,000 after acquiring an additional 1,069,356 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Trading Up 0.8 %

PayPal stock opened at $83.99 on Tuesday. The company has a 50 day moving average price of $86.75 and a 200 day moving average price of $76.10. PayPal Holdings, Inc. has a 52 week low of $55.77 and a 52 week high of $93.66. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $84.20 billion, a price-to-earnings ratio of 20.05, a P/E/G ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its 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. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. Research analysts forecast that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Analyst Upgrades and Downgrades

PYPL has been the topic of several analyst reports. Macquarie raised their price target on shares of PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Phillip Securities restated an “accumulate” rating and issued a $90.00 price target (up previously from $80.00) on shares of PayPal in a research note on Friday, November 1st. Sanford C. Bernstein lowered shares of PayPal from an “outperform” rating to a “market perform” rating and raised their price target for the company from $75.00 to $80.00 in a research note on Thursday, October 10th. Finally, BMO Capital Markets raised their price target on shares of PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.65.

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.