Cambridge Trust Co. Has $12.72 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Cambridge Trust Co. lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 207,121 shares of the credit services provider’s stock after selling 10,809 shares during the period. Cambridge Trust Co.’s holdings in PayPal were worth $12,719,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Vestcor Inc lifted its holdings in PayPal by 0.5% during the 4th quarter. Vestcor Inc now owns 26,063 shares of the credit services provider’s stock worth $1,856,000 after buying an additional 140 shares in the last quarter. Silvercrest Asset Management Group LLC increased its holdings in PayPal by 1.0% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 15,056 shares of the credit services provider’s stock worth $1,072,000 after purchasing an additional 143 shares in the last quarter. Oxford Financial Group Ltd. increased its holdings in PayPal by 4.9% during the 1st quarter. Oxford Financial Group Ltd. now owns 3,196 shares of the credit services provider’s stock worth $370,000 after purchasing an additional 150 shares in the last quarter. Donaldson Capital Management LLC grew its holdings in shares of PayPal by 5.3% in the 1st quarter. Donaldson Capital Management LLC now owns 3,095 shares of the credit services provider’s stock valued at $358,000 after acquiring an additional 155 shares in the last quarter. Finally, Hartford Financial Management Inc. lifted its stake in PayPal by 18.8% in the 4th quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock valued at $63,000 after purchasing an additional 163 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Ratings Changes

PYPL has been the topic of several recent research reports. Canaccord Genuity Group lowered their target price on shares of PayPal from $100.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a report on Friday, January 5th. Wells Fargo & Company raised their target price on shares of PayPal from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Argus cut shares of PayPal from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $66.00 target price (down from $118.00) on shares of PayPal in a report on Tuesday, January 9th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $70.47.

Insiders Place Their Bets

In other PayPal news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the transaction, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by insiders.

PayPal Stock Down 1.8 %

Shares of NASDAQ:PYPL traded down $1.17 during midday trading on Thursday, hitting $62.09. 6,551,462 shares of the company’s stock were exchanged, compared to its average volume of 16,586,447. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a 50 day moving average price of $62.15 and a 200-day moving average price of $59.89. The company has a market cap of $65.36 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.44 and a beta of 1.45. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $76.54.

PayPal (NASDAQ:PYPL) last posted its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.36 by $0.12. The company had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.01 earnings per share. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 3.93 EPS 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.