First United Bank & Trust Has $142,000 Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

First United Bank & Trust decreased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 18.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,170 shares of the credit services provider’s stock after selling 485 shares during the quarter. First United Bank & Trust’s holdings in PayPal were worth $142,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of PayPal during the fourth quarter worth approximately $25,000. Hurley Capital LLC bought a new stake in PayPal during the 4th quarter worth approximately $27,000. Bernard Wealth Management Corp. acquired a new stake in PayPal during the 4th quarter valued at $34,000. Pinney & Scofield Inc. acquired a new stake in PayPal during the 4th quarter valued at $35,000. Finally, Fourth Dimension Wealth LLC bought a new position in PayPal in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of PayPal stock opened at $74.81 on Friday. The stock’s fifty day simple moving average is $67.88 and its 200 day simple moving average is $75.93. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $72.76 billion, a PE ratio of 18.66, a PEG ratio of 1.27 and a beta of 1.45. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. During the same quarter last year, the firm posted $1.08 earnings per share. PayPal’s revenue was up 1.2% compared to the same quarter last year. On average, research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Diego Scotti sold 3,839 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $281,168.36. Following the completion of the transaction, the executive vice president now directly owns 16,989 shares in the company, valued at approximately $1,244,274.36. This trade represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Deborah M. Messemer sold 3,795 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.00, for a total value of $277,035.00. Following the completion of the sale, the director now owns 13,976 shares in the company, valued at $1,020,248. The trade was a 21.36% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,796 shares of company stock worth $863,028. Company insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PYPL. Wall Street Zen upgraded PayPal from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. Compass Point started coverage on shares of PayPal in a report on Wednesday, April 23rd. They set a “sell” rating and a $56.00 price objective on the stock. Robert W. Baird boosted their target price on shares of PayPal from $78.00 to $79.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. BMO Capital Markets reduced their target price on shares of PayPal from $83.00 to $79.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 30th. Finally, Piper Sandler lowered their price target on shares of PayPal from $76.00 to $70.00 and set a “neutral” rating for the company in a report on Tuesday, April 29th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $83.29.

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.