WASHINGTON TRUST Co Has $17.78 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

WASHINGTON TRUST Co lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 208,355 shares of the credit services provider’s stock after selling 12,529 shares during the period. WASHINGTON TRUST Co’s holdings in PayPal were worth $17,783,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. ABC Arbitrage SA bought a new stake in PayPal during the fourth quarter worth $1,340,000. Roman Butler Fullerton & Co. grew its stake in shares of PayPal by 1.7% in the 4th quarter. Roman Butler Fullerton & Co. now owns 9,438 shares of the credit services provider’s stock worth $852,000 after acquiring an additional 154 shares in the last quarter. Autumn Glory Partners LLC purchased a new stake in shares of PayPal in the fourth quarter valued at about $341,000. Asset Planning Inc purchased a new stake in shares of PayPal in the fourth quarter valued at about $46,000. Finally, Root Financial Partners LLC bought a new position in shares of PayPal during the fourth quarter valued at about $208,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Performance

NASDAQ PYPL opened at $77.97 on Friday. The company’s 50 day simple moving average is $86.66 and its two-hundred day simple moving average is $80.01. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.25. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66. The stock has a market capitalization of $77.13 billion, a PE ratio of 19.44, a P/E/G ratio of 1.29 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter last year, the business posted $1.48 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. Analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on PYPL. Barclays increased their price objective on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Monness Crespi & Hardt increased their price target on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Piper Sandler boosted their price objective on PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 target price on shares of PayPal in a research report on Thursday, December 12th. Finally, Wells Fargo & Company boosted their price target on shares of PayPal from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Thirteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.52.

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.