PayPal Holdings, Inc. (NASDAQ:PYPL) Holdings Raised by Bangor Savings Bank

Bangor Savings Bank raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1,918.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 11,281 shares of the credit services provider’s stock after buying an additional 10,722 shares during the period. Bangor Savings Bank’s holdings in PayPal were worth $963,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Fortem Financial Group LLC increased its stake in shares of PayPal by 28.0% during the fourth quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider’s stock valued at $2,842,000 after acquiring an additional 7,291 shares during the period. Doliver Advisors LP raised its stake in shares of PayPal by 3.4% in the 4th quarter. Doliver Advisors LP now owns 12,771 shares of the credit services provider’s stock worth $1,090,000 after buying an additional 425 shares in the last quarter. Iowa State Bank lifted its holdings in shares of PayPal by 3.8% in the fourth quarter. Iowa State Bank now owns 29,612 shares of the credit services provider’s stock valued at $2,527,000 after buying an additional 1,078 shares during the period. Modus Advisors LLC bought a new position in PayPal during the fourth quarter valued at about $37,000. Finally, GAMMA Investing LLC grew its holdings in PayPal by 20.6% during the fourth quarter. GAMMA Investing LLC now owns 11,644 shares of the credit services provider’s stock worth $994,000 after acquiring an additional 1,992 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PYPL. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their price target on shares of PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Monness Crespi & Hardt increased their price objective on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Macquarie lifted their target price on PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. upped their target price on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Fourteen equities 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $88.65.

PayPal Stock Performance

PYPL opened at $89.53 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $89.76 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44. The stock has a 50-day moving average of $85.99 and a 200-day moving average of $75.15. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $93.66.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter last year, the company posted $0.97 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

About PayPal

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.