PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Fulton Bank N.A.

Fulton Bank N.A. increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 51.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,463 shares of the credit services provider’s stock after purchasing an additional 2,191 shares during the quarter. Fulton Bank N.A.’s holdings in PayPal were worth $375,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Pittenger & Anderson Inc. grew its position in PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 172 shares in the last quarter. American National Bank acquired a new stake in PayPal in the first quarter valued at approximately $27,000. Register Financial Advisors LLC acquired a new stake in PayPal in the first quarter valued at approximately $30,000. CarsonAllaria Wealth Management Ltd. grew its position in PayPal by 65.8% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 185 shares in the last quarter. Finally, Private Wealth Management Group LLC acquired a new stake in PayPal in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Activity at PayPal

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PYPL shares. Barclays increased their target price on PayPal from $81.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Citigroup increased their target price on PayPal from $79.00 to $81.00 and gave the company a “buy” rating in a research note on Monday, June 10th. The Goldman Sachs Group reiterated a “neutral” rating and set a $69.00 target price on shares of PayPal in a research note on Monday, June 24th. Sanford C. Bernstein upgraded PayPal from a “market perform” rating to an “outperform” rating and increased their target price for the company from $71.00 to $78.00 in a research note on Wednesday, July 31st. Finally, Mizuho upgraded PayPal from a “neutral” rating to a “buy” rating and increased their target price for the company from $68.00 to $90.00 in a research note on Thursday, May 30th. Eighteen analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.94.

PayPal Stock Performance

Shares of PYPL traded up $2.29 during trading hours on Tuesday, reaching $62.75. 14,258,120 shares of the company’s stock traded hands, compared to its average volume of 12,879,998. The firm has a market capitalization of $64.15 billion, a price-to-earnings ratio of 15.81, a P/E/G ratio of 0.88 and a beta of 1.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.28. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $70.66. The business’s fifty day simple moving average is $60.99 and its two-hundred day simple moving average is $62.25.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. The firm had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. PayPal’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 earnings per share. Analysts predict that PayPal Holdings, Inc. will post 4.42 earnings per share for the current year.

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.