PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Indiana Trust & Investment Management CO

Indiana Trust & Investment Management CO lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 18.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,175 shares of the credit services provider’s stock after acquiring an additional 184 shares during the quarter. Indiana Trust & Investment Management CO’s holdings in PayPal were worth $79,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PYPL. Norges Bank purchased a new position in shares of PayPal during the 4th quarter valued at approximately $749,561,000. The Manufacturers Life Insurance Company grew its position in PayPal by 125.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,724,188 shares of the credit services provider’s stock valued at $105,882,000 after buying an additional 958,130 shares during the period. Morgan Stanley increased its holdings in PayPal by 4.5% in the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock valued at $1,173,254,000 after buying an additional 873,181 shares in the last quarter. Boston Partners raised its position in shares of PayPal by 4,024.5% in the fourth quarter. Boston Partners now owns 783,248 shares of the credit services provider’s stock worth $48,099,000 after acquiring an additional 764,258 shares during the period. Finally, Panagora Asset Management Inc. boosted its stake in shares of PayPal by 1,309.2% during the 4th quarter. Panagora Asset Management Inc. now owns 800,648 shares of the credit services provider’s stock worth $49,168,000 after acquiring an additional 743,833 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Down 0.6 %

NASDAQ:PYPL opened at $58.03 on Friday. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $76.54. The stock’s fifty day moving average is $63.18 and its two-hundred day moving average is $62.40. The stock has a market capitalization of $60.70 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 0.95 and a beta of 1.43. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a net margin of 14.26% and a return on equity of 21.58%. The firm had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. During the same quarter in the prior year, the firm posted $0.86 EPS. PayPal’s quarterly revenue was up 9.4% compared to the same quarter last year. Research analysts anticipate that PayPal Holdings, Inc. will post 4.14 EPS for the current year.

Insider Transactions at PayPal

In related news, Director Deborah M. Messemer sold 4,422 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $61.65, for a total transaction of $272,616.30. Following the completion of the transaction, the director now directly owns 13,976 shares of the company’s stock, valued at approximately $861,620.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on PYPL. TD Cowen lifted their price target on PayPal from $58.00 to $68.00 and gave the company a “hold” rating in a research note on Wednesday, May 1st. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $78.00 target price on shares of PayPal in a research note on Thursday, June 13th. UBS Group increased their target price on PayPal from $63.00 to $71.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. JMP Securities boosted their price target on shares of PayPal from $70.00 to $82.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 1st. Finally, Monness Crespi & Hardt upped their price objective on shares of PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Twenty-one equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $73.64.

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.