Hilltop National Bank Has $131,000 Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Hilltop National Bank lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 129.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,535 shares of the credit services provider’s stock after buying an additional 865 shares during the period. Hilltop National Bank’s holdings in PayPal were worth $131,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. A. D. Beadell Investment Counsel Inc. raised its holdings in shares of PayPal by 4.7% during the fourth quarter. A. D. Beadell Investment Counsel Inc. now owns 5,259 shares of the credit services provider’s stock worth $448,000 after acquiring an additional 235 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of PayPal by 2.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 75,060 shares of the credit services provider’s stock worth $5,857,000 after acquiring an additional 1,523 shares in the last quarter. Baker Tilly Wealth Management LLC raised its holdings in shares of PayPal by 6.5% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 4,936 shares of the credit services provider’s stock worth $421,000 after acquiring an additional 303 shares in the last quarter. Fulton Bank N.A. raised its holdings in shares of PayPal by 10.1% during the fourth quarter. Fulton Bank N.A. now owns 6,959 shares of the credit services provider’s stock worth $594,000 after acquiring an additional 640 shares in the last quarter. Finally, Worth Asset Management LLC purchased a new stake in shares of PayPal during the fourth quarter worth $1,312,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PYPL. Susquehanna increased their price objective on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a report on Monday, January 6th. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and raised their target price for the company from $86.00 to $103.00 in a report on Monday, December 9th. Wells Fargo & Company raised their target price on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. BMO Capital Markets raised their target price on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird raised their target price on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $88.65.

PayPal Stock Down 5.2 %

NASDAQ PYPL opened at $83.36 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock’s 50 day moving average is $86.64 and its two-hundred day moving average is $75.68. The company has a market capitalization of $83.57 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.66 and a beta of 1.44. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66.

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, beating analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion for 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 company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 earnings per share. Equities analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal 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.