Sanibel Captiva Trust Company Inc. Sells 3,422 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Sanibel Captiva Trust Company Inc. lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.0% in the fourth quarter, HoldingsChannel reports. The firm owned 111,753 shares of the credit services provider’s stock after selling 3,422 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in PayPal were worth $9,538,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Gordian Capital Singapore Pte Ltd bought a new stake in shares of PayPal in the third quarter worth $26,000. Rosenberg Matthew Hamilton grew its stake in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares during the period. SYSTM Wealth Solutions LLC increased its position in shares of PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 167 shares during the last quarter. Sugarloaf Wealth Management LLC lifted its stake in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares during the period. Finally, 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 valued at $32,000 after buying an additional 268 shares during the period. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Stock Up 3.3 %

Shares of NASDAQ:PYPL opened at $91.81 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The business has a 50 day simple moving average of $87.23 and a two-hundred day simple moving average of $76.49. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $93.66. The firm has a market capitalization of $92.04 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 1.42 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its 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. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $0.97 earnings per share. On average, equities analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Analysts Set New Price Targets

PYPL has been the topic of several recent research reports. Phillip Securities reiterated an “accumulate” rating and issued a $90.00 price target (up from $80.00) on shares of PayPal in a research report on Friday, November 1st. Canaccord Genuity Group lifted their target price on PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target for the company in a research report on Friday, December 13th. Stephens lifted their price objective on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Finally, UBS Group raised their target price on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $89.32.

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.