1ST Source Bank Sells 749 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

1ST Source Bank lowered its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 15,226 shares of the credit services provider’s stock after selling 749 shares during the quarter. 1ST Source Bank’s holdings in PayPal were worth $1,300,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd bought a new position in shares of PayPal during the third quarter valued at about $26,000. Rosenberg Matthew Hamilton boosted its holdings in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 125 shares during the period. Sugarloaf Wealth Management LLC grew 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 acquiring an additional 272 shares during the last quarter. Legacy Investment Solutions LLC purchased a new position in PayPal in the 3rd quarter worth approximately $36,000. Finally, Modus Advisors LLC bought a new stake in PayPal in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of PYPL stock opened at $68.95 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $68.21 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The company’s 50-day moving average is $79.96 and its 200 day moving average is $81.02.

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

Wall Street Analyst Weigh In

PYPL has been the topic of several recent analyst reports. Needham & Company LLC restated a “hold” rating on shares of PayPal in a report on Wednesday, February 26th. Citigroup restated an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Macquarie increased their target price on shares of PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Morgan Stanley boosted their price target on PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $100.00 price objective on shares of PayPal in a report on Thursday, December 12th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, PayPal has a consensus rating of “Moderate Buy” and an average target price of $90.03.

Insiders Place Their Bets

In related news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now directly owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.14% of the company’s stock.

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.