Canandaigua National Bank & Trust Co. Has $1.90 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Canandaigua National Bank & Trust Co. reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 22,211 shares of the credit services provider’s stock after selling 1,218 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in PayPal were worth $1,896,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PYPL. Fortem Financial Group LLC lifted its position in PayPal by 28.0% in the 4th quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider’s stock valued at $2,842,000 after acquiring an additional 7,291 shares in the last quarter. Doliver Advisors LP lifted its holdings in shares of PayPal by 3.4% in the fourth quarter. Doliver Advisors LP now owns 12,771 shares of the credit services provider’s stock valued at $1,090,000 after purchasing an additional 425 shares in the last quarter. Iowa State Bank boosted its position in shares of PayPal by 3.8% during the fourth quarter. Iowa State Bank now owns 29,612 shares of the credit services provider’s stock worth $2,527,000 after buying an additional 1,078 shares during the period. Modus Advisors LLC bought a new position in shares of PayPal during the fourth quarter worth about $37,000. Finally, GAMMA Investing LLC raised its position in PayPal by 20.6% in the 4th quarter. GAMMA Investing LLC now owns 11,644 shares of the credit services provider’s stock valued at $994,000 after buying an additional 1,992 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wells Fargo & Company upped their price target on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. raised their target price on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. UBS Group boosted their price target on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Stephens increased their price objective on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and an average price target of $88.65.

PayPal Price Performance

NASDAQ:PYPL traded up $1.93 during trading hours on Monday, reaching $89.53. 7,851,722 shares of the company were exchanged, compared to its average volume of 6,081,651. The company has a market capitalization of $89.76 billion, a P/E ratio of 21.37, a P/E/G ratio of 1.66 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The business has a 50 day moving average of $85.87 and a 200 day moving average of $74.94. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. PayPal’s revenue for the quarter 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.

About PayPal

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.