Fulton Bank decreased its position in PayPal Holdings Inc (NASDAQ:PYPL) by 15.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 17,880 shares of the company’s stock after selling 3,363 shares during the period. Fulton Bank’s holdings in PayPal Holdings were worth $647,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PYPL. Beacon Financial Group boosted its stake in shares of PayPal Holdings by 4.7% in the fourth quarter. Beacon Financial Group now owns 13,825 shares of the company’s stock worth $504,000 after buying an additional 624 shares during the period. Osborn Rohs Williams & Donohoe acquired a new position in shares of PayPal Holdings during the fourth quarter worth $836,000. MUFG Americas acquired a new position in shares of PayPal Holdings during the third quarter worth $993,000. Terra Nova Asset Management acquired a new position in shares of PayPal Holdings during the third quarter worth $1,576,000. Finally, Renaissance Investment Group raised its position in shares of PayPal Holdings by 7.7% in the fourth quarter. Renaissance Investment Group now owns 88,757 shares of the company’s stock worth $3,213,000 after buying an additional 6,345 shares in the last quarter.

PayPal Holdings Inc (NASDAQ:PYPL) traded up 8.39% during mid-day trading on Thursday, hitting $34.24. The company’s stock had a trading volume of 20,378,569 shares. The company has a market cap of $41.83 billion and a P/E ratio of 36.58. PayPal Holdings Inc has a 12-month low of $30.00 and a 12-month high of $42.55. The firm’s 50-day moving average is $34.22 and its 200-day moving average is $35.23.

PayPal Holdings (NASDAQ:PYPL) last released its earnings results on Wednesday, January 27th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.51 billion. Analysts predict that PayPal Holdings Inc will post $1.49 EPS for the current fiscal year.

A number of brokerages have weighed in on PYPL. Deutsche Bank restated a “buy” rating and issued a $44.00 target price on shares of PayPal Holdings in a research note on Friday, December 4th. Wedbush restated a “hold” rating on shares of PayPal Holdings in a research note on Thursday, October 29th. Mizuho began coverage on PayPal Holdings in a research note on Wednesday, January 13th. They issued a “neutral” rating and a $40.00 target price on the stock. Jefferies Group restated a “buy” rating and issued a $44.00 target price on shares of PayPal Holdings in a research note on Wednesday, October 14th. Finally, Evercore ISI decreased their target price on PayPal Holdings from $36.00 to $31.00 and set a “sell” rating on the stock in a research note on Tuesday, October 6th. Five analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company. PayPal Holdings has an average rating of “Buy” and a consensus target price of $41.06.

In other news, Director John J. Donahoe sold 21,486 shares of the company’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $37.14, for a total transaction of $797,990.04. Following the transaction, the director now owns 182,139 shares of the company’s stock, valued at $6,764,642.46. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John J. Donahoe sold 53,390 shares of the company’s stock in a transaction that occurred on Friday, November 20th. The shares were sold at an average price of $36.25, for a total value of $1,935,387.50. Following the transaction, the director now directly owns 128,749 shares in the company, valued at approximately $4,667,151.25. The disclosure for this sale can be found here.

PayPal Holdings, Inc. (NASDAQ:PYPL) is a technology platform company, which enables digital and mobile payments on behalf of consumers and merchants around the world. The Company focuses on its consumers, merchants, friends and family to access and move their money through its platform using various devices, such as mobile, tablets, personal computers and wearables. It provides businesses of various sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions across its Payments Platform, including PayPal, PayPal Credit, Venmo and Braintree products. PayPal gateway products include Payflow Payments and Braintree products. The Company enables its consumers to fund a purchase using a bank account, a PayPal account balance, a PayPal Credit account, a credit or debit card, or other stored value products such as coupons and gift cards.

12 Month Chart for NASDAQ:PYPL

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