First National Bank Sioux Falls Cuts Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

First National Bank Sioux Falls cut its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,999 shares of the credit services provider’s stock after selling 350 shares during the quarter. First National Bank Sioux Falls’ holdings in PayPal were worth $201,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Paralel Advisors LLC boosted its position in shares of PayPal by 2,009.5% during the 3rd quarter. Paralel Advisors LLC now owns 525,213 shares of the credit services provider’s stock worth $30,704,000 after purchasing an additional 500,315 shares during the period. Covestor Ltd lifted its holdings in PayPal by 96.3% during the 3rd quarter. Covestor Ltd now owns 1,062 shares of the credit services provider’s stock worth $62,000 after buying an additional 521 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in PayPal by 22.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 3,318 shares of the credit services provider’s stock worth $194,000 after buying an additional 598 shares in the last quarter. Operose Advisors LLC lifted its holdings in PayPal by 17.5% during the 3rd quarter. Operose Advisors LLC now owns 2,958 shares of the credit services provider’s stock worth $173,000 after buying an additional 440 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in PayPal by 58.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 34,365 shares of the credit services provider’s stock worth $2,009,000 after buying an additional 12,667 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Price Performance

PYPL stock traded up $0.11 during trading on Thursday, reaching $58.37. 10,638,341 shares of the company were exchanged, compared to its average volume of 14,921,766. The company has a market cap of $61.06 billion, a P/E ratio of 14.68, a PEG ratio of 0.97 and a beta of 1.43. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $76.54. The stock’s 50 day moving average price is $63.34 and its 200 day moving average price is $62.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The business had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 EPS. As a group, analysts predict that PayPal Holdings, Inc. will post 4.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Robert W. Baird increased their target price on shares of PayPal from $70.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, June 18th. BMO Capital Markets raised their price objective on shares of PayPal from $64.00 to $65.00 and gave the company a “market perform” rating in a report on Wednesday, May 1st. Royal Bank of Canada raised their price objective on shares of PayPal from $74.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Finally, Mizuho upgraded shares of PayPal from a “neutral” rating to a “buy” rating and raised their price objective for the company from $68.00 to $90.00 in a report on Thursday, May 30th. Twenty-one research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, PayPal has a consensus rating of “Hold” and an average target price of $73.64.

Insiders Place Their Bets

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of PayPal stock in a transaction dated Friday, May 24th. The shares were 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 owns 13,976 shares in the company, valued at $861,620.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.14% of the stock is currently owned by company insiders.

PayPal Company 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.