Canandaigua National Trust Co of Florida Sells 251 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Canandaigua National Trust Co of Florida cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,200 shares of the credit services provider’s stock after selling 251 shares during the quarter. Canandaigua National Trust Co of Florida’s holdings in PayPal were worth $956,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Foundations Investment Advisors LLC grew its position in shares of PayPal by 15.4% in the second quarter. Foundations Investment Advisors LLC now owns 3,822 shares of the credit services provider’s stock valued at $222,000 after purchasing an additional 511 shares during the last quarter. Larson Financial Group LLC increased its position in PayPal by 49.1% during the 2nd quarter. Larson Financial Group LLC now owns 2,855 shares of the credit services provider’s stock worth $166,000 after buying an additional 940 shares during the period. Private Advisor Group LLC lifted its holdings in shares of PayPal by 6.9% during the second quarter. Private Advisor Group LLC now owns 180,470 shares of the credit services provider’s stock worth $10,473,000 after buying an additional 11,604 shares in the last quarter. Lake Street Advisors Group LLC boosted its position in shares of PayPal by 3.3% in the second quarter. Lake Street Advisors Group LLC now owns 12,293 shares of the credit services provider’s stock valued at $713,000 after acquiring an additional 392 shares during the period. Finally, Cobblestone Capital Advisors LLC NY grew its stake in shares of PayPal by 5.5% in the second quarter. Cobblestone Capital Advisors LLC NY now owns 3,628 shares of the credit services provider’s stock valued at $211,000 after acquiring an additional 189 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on PYPL shares. Barclays boosted their price objective on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Robert W. Baird raised their price objective on PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. UBS Group increased their target price on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Oppenheimer assumed coverage on PayPal in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Finally, Susquehanna raised their target price on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and an average target price of $88.65.

PayPal Stock Up 2.2 %

Shares of NASDAQ PYPL traded up $1.93 during trading on Monday, hitting $89.53. 7,851,722 shares of the company traded hands, compared to its average volume of 6,081,651. 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 business’s fifty day moving average is $85.87 and its 200 day moving average is $74.94. The firm has a market capitalization of $89.76 billion, a price-to-earnings 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.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping 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 business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the prior year, the company earned $0.97 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Equities research analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

PayPal 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.