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

Kennebec Savings Bank decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,123 shares of the credit services provider’s stock after selling 306 shares during the period. Kennebec Savings Bank’s holdings in PayPal were worth $682,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in PYPL. Algert Global LLC purchased a new position in shares of PayPal during the 2nd quarter worth $435,000. EP Wealth Advisors LLC boosted its stake in PayPal by 10.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 11,053 shares of the credit services provider’s stock worth $641,000 after buying an additional 1,075 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of PayPal during the 2nd quarter worth about $9,517,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in PayPal during the second quarter worth approximately $17,707,000. Finally, Anchor Investment Management LLC boosted its holdings in shares of PayPal by 5.8% in the 2nd quarter. Anchor Investment Management LLC now owns 32,044 shares of the credit services provider’s stock valued at $1,860,000 after purchasing an additional 1,756 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PYPL shares. Piper Sandler upped their price target on shares of PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and raised their price target for the company from $86.00 to $103.00 in a report on Monday, December 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $100.00 price target on shares of PayPal in a research note on Thursday, December 12th. Robert W. Baird increased their target price on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. upped their price objective on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned 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 target price of $89.48.

PayPal Trading Up 0.9 %

Shares of NASDAQ PYPL opened at $89.57 on Friday. The firm has a market capitalization of $89.80 billion, a PE ratio of 21.38, a PEG ratio of 1.49 and a beta of 1.44. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $93.66. 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 business has a 50-day moving average price of $88.04 and a two-hundred day moving average price of $78.53.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data 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 net margin of 14.08% and a return on equity of 23.44%. The firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. As a group, analysts predict that PayPal Holdings, Inc. will post 4.58 earnings per share for the current fiscal 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.