Moody National Bank Trust Division Decreases Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Moody National Bank Trust Division trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Get Rating) by 2.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 25,148 shares of the credit services provider’s stock after selling 671 shares during the period. Moody National Bank Trust Division’s holdings in PayPal were worth $1,791,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of PYPL. Dodge & Cox increased its position in shares of PayPal by 28,420.6% during the second quarter. Dodge & Cox now owns 7,686,300 shares of the credit services provider’s stock valued at $536,811,000 after acquiring an additional 7,659,350 shares during the last quarter. Public Investment Fund increased its position in shares of PayPal by 674.9% during the second quarter. Public Investment Fund now owns 7,058,407 shares of the credit services provider’s stock valued at $492,959,000 after acquiring an additional 6,147,478 shares during the last quarter. Lone Pine Capital LLC increased its position in PayPal by 93.4% in the third quarter. Lone Pine Capital LLC now owns 8,294,340 shares of the credit services provider’s stock worth $713,894,000 after buying an additional 4,005,315 shares during the last quarter. Coatue Management LLC increased its position in PayPal by 284.3% in the third quarter. Coatue Management LLC now owns 4,691,346 shares of the credit services provider’s stock worth $403,784,000 after buying an additional 3,470,726 shares during the last quarter. Finally, Clearbridge Investments LLC increased its position in PayPal by 122.0% in the first quarter. Clearbridge Investments LLC now owns 6,230,481 shares of the credit services provider’s stock worth $720,555,000 after buying an additional 3,424,122 shares during the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at PayPal

In related news, CEO Daniel H. Schulman acquired 26,065 shares of the firm’s stock in a transaction dated Friday, February 17th. The shares were purchased at an average price of $76.17 per share, for a total transaction of $1,985,371.05. Following the completion of the acquisition, the chief executive officer now owns 395,351 shares in the company, valued at $30,113,885.67. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of recent research reports. BNP Paribas raised PayPal from a “neutral” rating to an “outperform” rating in a research report on Tuesday, January 3rd. Mizuho decreased their target price on PayPal from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, February 8th. UBS Group raised their target price on PayPal to $125.00 in a research report on Monday, December 12th. Piper Sandler decreased their target price on PayPal from $85.00 to $82.00 and set a “neutral” rating for the company in a research report on Friday, February 10th. Finally, Morgan Stanley cut their price target on PayPal from $136.00 to $133.00 and set an “overweight” rating for the company in a report on Monday, February 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $108.42.

PayPal Trading Down 1.8 %

Shares of PYPL traded down $1.36 during trading hours on Friday, hitting $72.99. The company had a trading volume of 27,210,436 shares, compared to its average volume of 13,550,139. The firm has a market cap of $82.58 billion, a P/E ratio of 34.76, a P/E/G ratio of 1.10 and a beta of 1.31. The stock’s 50 day moving average price is $77.66 and its 200 day moving average price is $80.97. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.51. PayPal Holdings, Inc. has a 52-week low of $66.39 and a 52-week high of $122.92.

PayPal (NASDAQ:PYPL – Get Rating) last released its quarterly earnings data on Thursday, February 9th. The credit services provider reported $1.24 EPS for the quarter, topping the consensus estimate of $1.20 by $0.04. The firm had revenue of $7.38 billion for the quarter, compared to the consensus estimate of $7.39 billion. PayPal had a return on equity of 17.48% and a net margin of 8.79%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 earnings per share. On average, research analysts predict that PayPal Holdings, Inc. will post 3.82 EPS for the current year.

About PayPal

(Get Rating)

PayPal Holdings, Inc engages in the development of technology platforms for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. It manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.