Wesbanco Bank Inc. Cuts Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Wesbanco Bank Inc. lowered its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 20.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 143,418 shares of the credit services provider’s stock after selling 37,220 shares during the period. Wesbanco Bank Inc.’s holdings in PayPal were worth $12,241,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC lifted its holdings in PayPal by 104.5% during the 4th quarter. SG Americas Securities LLC now owns 29,624 shares of the credit services provider’s stock worth $2,528,000 after purchasing an additional 694,266 shares in the last quarter. Sharp Financial Services LLC raised its stake in PayPal by 7.7% in the fourth quarter. Sharp Financial Services LLC now owns 4,875 shares of the credit services provider’s stock valued at $416,000 after purchasing an additional 350 shares in the last quarter. Evolution Wealth Advisors LLC purchased a new stake in PayPal in the fourth quarter valued at approximately $208,000. Park Place Capital Corp raised its stake in shares of PayPal by 6.6% during the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock worth $161,000 after acquiring an additional 116 shares in the last quarter. Finally, Albion Financial Group UT boosted its position in PayPal by 7.5% during the fourth quarter. Albion Financial Group UT now owns 4,317 shares of the credit services provider’s stock valued at $368,000 after buying an additional 301 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PYPL shares. Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective for the company in a research note on Friday, December 13th. Sanford C. Bernstein downgraded shares of PayPal from an “outperform” rating to a “market perform” rating and raised their target price for the company from $75.00 to $80.00 in a research note on Thursday, October 10th. Barclays raised their target price on shares of PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and increased their price target for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $100.00 price target on shares of PayPal in a research report on Thursday, December 12th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.32.

PayPal Stock Performance

PayPal stock opened at $89.85 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a fifty day moving average price of $87.57 and a two-hundred day moving average price of $77.41. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $93.66. The firm has a market capitalization of $90.08 billion, a P/E ratio of 21.44, a P/E/G ratio of 1.54 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its earnings results 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 during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company posted $0.97 earnings per share. As a group, analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS 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.