PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Busey Bank

Busey Bank trimmed its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 15.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,151 shares of the credit services provider’s stock after selling 1,113 shares during the quarter. Busey Bank’s holdings in PayPal were worth $525,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC lifted its position in PayPal by 86.3% in the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after purchasing an additional 7,767,072 shares during the period. Mizuho Securities USA LLC boosted its stake in shares of PayPal by 12,919.4% in the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after buying an additional 10,419,351 shares in the last quarter. Primecap Management Co. CA grew its holdings 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. World Investment Advisors LLC acquired a new position in PayPal during the third quarter worth $387,435,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in PayPal by 174.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock valued at $361,316,000 after acquiring an additional 2,689,162 shares during the period. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Trading Up 0.9 %

Shares of PYPL opened at $89.57 on Friday. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $93.66. The firm has a market capitalization of $89.80 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 1.49 and a beta of 1.44. 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 stock’s fifty day simple moving average is $88.04 and its 200 day simple moving average is $78.53.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $7.88 billion. During the same period in the previous year, the company posted $0.97 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 4.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PYPL shares. Wells Fargo & Company increased their price target on shares of PayPal from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and increased their target price for the company from $86.00 to $103.00 in a report on Monday, December 9th. Macquarie upped their price target on PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Susquehanna raised their price objective on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research note on Monday, January 6th. Finally, StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Fourteen 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $89.48.

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.