Central Pacific Bank Trust Division Sells 900 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Central Pacific Bank Trust Division reduced its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 21.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,300 shares of the credit services provider’s stock after selling 900 shares during the quarter. Central Pacific Bank Trust Division’s holdings in PayPal were worth $282,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of PayPal during the 3rd quarter valued at $26,000. SYSTM Wealth Solutions LLC increased its holdings in PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after buying an additional 167 shares during the last quarter. Planning Capital Management Corp raised its position in PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 268 shares during the period. Financial Management Professionals Inc. boosted its stake in PayPal by 125.3% in the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 243 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in shares of PayPal during the 3rd quarter valued at approximately $36,000. 68.32% of the stock is currently owned by institutional investors.

PayPal Trading Up 1.6 %

Shares of PYPL opened at $87.60 on Friday. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $93.66. The firm has a market cap of $87.82 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 1.66 and a beta of 1.44. The firm has a 50 day moving average price of $85.87 and a 200-day moving average price of $74.72. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion during 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 for the quarter was up 6.0% on a year-over-year basis. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PYPL shares. BMO Capital Markets lifted their price target on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Monness Crespi & Hardt upped their price target on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Wells Fargo & Company lifted their price objective on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods upped their price objective on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Oppenheimer initiated coverage on shares of PayPal in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Fifteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, PayPal has an average rating of “Moderate Buy” and an average target price of $88.42.

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.