Huntington National Bank Boosts Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Huntington National Bank boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 141,468 shares of the credit services provider’s stock after acquiring an additional 2,366 shares during the quarter. Huntington National Bank’s holdings in PayPal were worth $12,074,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Park Place Capital Corp increased its stake in PayPal by 6.6% in the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock valued at $161,000 after purchasing an additional 116 shares in the last quarter. Rosenberg Matthew Hamilton grew its holdings in PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares during the last quarter. JFS Wealth Advisors LLC increased its position in shares of PayPal by 33.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock valued at $43,000 after buying an additional 125 shares in the last quarter. Wynn Capital LLC raised its stake in shares of PayPal by 1.1% during the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock worth $983,000 after buying an additional 130 shares during the last quarter. Finally, Avalon Trust Co boosted its position in shares of PayPal by 7.0% in the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider’s stock worth $176,000 after buying an additional 135 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insiders Place Their Bets

In other news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, the director now directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by company insiders.

PayPal Stock Performance

NASDAQ:PYPL opened at $67.15 on Thursday. The firm’s fifty day simple moving average is $74.82 and its 200 day simple moving average is $80.74. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The firm has a market capitalization of $66.43 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 1.27 and a beta of 1.52.

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

Wall Street Analysts Forecast Growth

PYPL has been the subject of a number of research reports. Barclays lifted their target price on shares of PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. DZ Bank upgraded PayPal from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Friday, February 28th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Wednesday, February 26th. Morgan Stanley raised their price target on PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods reduced their price objective on PayPal from $104.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday. Sixteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.40.

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.