AMG National Trust Bank Purchases 3,023 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

AMG National Trust Bank raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 84.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,620 shares of the credit services provider’s stock after acquiring an additional 3,023 shares during the quarter. AMG National Trust Bank’s holdings in PayPal were worth $517,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PYPL. Family Firm Inc. purchased a new position in shares of PayPal in the second quarter worth approximately $29,000. SYSTM Wealth Solutions LLC boosted its stake in shares of PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 167 shares during the last quarter. Tortoise Investment Management LLC grew its position in shares of PayPal by 930.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 465 shares during the period. Planning Capital Management Corp increased its stake in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 268 shares in the last quarter. Finally, LRI Investments LLC bought a new position in PayPal in the 1st quarter worth $34,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on PYPL shares. Sanford C. Bernstein lowered PayPal from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $75.00 to $80.00 in a report on Thursday, October 10th. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Canaccord Genuity Group upped their price target on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Royal Bank of Canada raised their price objective on shares of PayPal from $84.00 to $89.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird increased their price target on PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Fifteen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $83.45.

PayPal Trading Down 0.7 %

Shares of PYPL opened at $84.09 on Wednesday. PayPal Holdings, Inc. has a twelve month low of $55.28 and a twelve month high of $87.92. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The company’s fifty day simple moving average is $79.47 and its 200-day simple moving average is $69.29. The company has a market cap of $84.30 billion, a P/E ratio of 20.07, a P/E/G ratio of 1.53 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter last year, the firm earned $0.97 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, analysts expect that PayPal Holdings, Inc. will post 4.56 EPS for the current year.

PayPal Company 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.