Passumpsic Savings Bank Makes New $2.24 Million Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Passumpsic Savings Bank bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 26,204 shares of the credit services provider’s stock, valued at approximately $2,237,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Relyea Zuckerberg Hanson LLC boosted its holdings in shares of PayPal by 113.8% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after acquiring an additional 3,976 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of PayPal in the third quarter valued at approximately $387,435,000. United Advisor Group LLC acquired a new position in shares of PayPal in the third quarter valued at approximately $810,000. FCG Investment Co acquired a new position in PayPal during the third quarter worth approximately $1,079,000. Finally, Equity Investment Corp increased its position in PayPal by 3.5% during the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after purchasing an additional 67,497 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

Shares of PayPal stock opened at $74.95 on Friday. The firm has a fifty day simple moving average of $85.50 and a 200-day simple moving average of $80.53. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The stock has a market capitalization of $74.14 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 1.28 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same quarter in the previous year, the firm posted $1.48 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analyst Ratings Changes

PYPL has been the subject of several analyst reports. Phillip Securities restated an “accumulate” rating and issued a $90.00 target price (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. JPMorgan Chase & Co. raised their price target on shares of PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Robert W. Baird dropped their price target on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. Finally, UBS Group lifted their target price on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Thirteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.52.

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.