Canandaigua National Bank & Trust Co. Has $1.90 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Canandaigua National Bank & Trust Co. decreased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,211 shares of the credit services provider’s stock after selling 1,218 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in PayPal were worth $1,896,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of research analysts recently commented on PYPL shares. Oppenheimer assumed coverage on PayPal in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. JPMorgan Chase & Co. raised their price objective on shares of PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upped their target price on shares of PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Stephens raised their price target on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Finally, Bank of America raised PayPal from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $86.00 to $103.00 in a report on Monday, December 9th. Fourteen research 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. Based on data from MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and an average target price of $88.65.

PayPal Trading Up 2.2 %

NASDAQ:PYPL traded up $1.93 during mid-day trading on Monday, hitting $89.53. The company had a trading volume of 7,851,722 shares, compared to its average volume of 6,081,651. The firm has a market cap of $89.76 billion, a P/E ratio of 21.37, a P/E/G ratio of 1.66 and a beta of 1.44. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $93.66. The business’s fifty day moving average is $85.87 and its two-hundred day moving average is $74.94. 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 released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the firm earned $0.97 EPS. PayPal’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, research analysts expect that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

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.