Wesbanco Bank Inc. Has $3.17 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Wesbanco Bank Inc. lessened its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 66.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 48,597 shares of the credit services provider's stock after selling 94,821 shares during the period. Wesbanco Bank Inc.'s holdings in PayPal were worth $3,171,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PYPL. Kennebec Savings Bank grew its position in PayPal by 7.5% during the first quarter. Kennebec Savings Bank now owns 8,733 shares of the credit services provider's stock worth $570,000 after buying an additional 610 shares during the period. RDA Financial Network raised its holdings in PayPal by 11.3% in the 1st quarter. RDA Financial Network now owns 4,098 shares of the credit services provider's stock valued at $267,000 after acquiring an additional 416 shares during the last quarter. Wedmont Private Capital increased its stake in PayPal by 37.7% in the first quarter. Wedmont Private Capital now owns 8,225 shares of the credit services provider's stock valued at $515,000 after purchasing an additional 2,253 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of PayPal during the 1st quarter valued at about $206,000. Finally, Radnor Capital Management LLC raised its stake in PayPal by 0.7% during the first quarter. Radnor Capital Management LLC now owns 29,931 shares of the credit services provider's stock worth $1,953,000 after purchasing an additional 221 shares during the period. Hedge funds and other institutional investors own 68.32% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Compass Point initiated coverage on PayPal in a research note on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 price objective on the stock. BMO Capital Markets decreased their price objective on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a research report on Wednesday, April 30th. Truist Financial initiated coverage on shares of PayPal in a research report on Monday, June 2nd. They set a "sell" rating and a $68.00 price target for the company. Royal Bank of Canada cut their price objective on PayPal from $104.00 to $88.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, March 31st. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $83.29.

Insider Buying and Selling at PayPal

In other PayPal news, Director Deborah M. Messemer sold 3,795 shares of the business's stock in a transaction dated Friday, June 6th. The stock was 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 of the company's stock, valued at $1,020,248. The trade was a 21.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Suzan Kereere sold 4,162 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $304,824.88. Following the sale, the insider now directly owns 48,483 shares of the company's stock, valued at $3,550,894.92. The trade was a 7.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,796 shares of company stock valued at $863,028 in the last 90 days. 0.14% of the stock is currently owned by corporate insiders.

PayPal Price Performance

Shares of NASDAQ PYPL traded up $0.23 during midday trading on Wednesday, reaching $74.99. The company's stock had a trading volume of 1,233,707 shares, compared to its average volume of 11,025,494. The company has a market cap of $72.93 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 1.27 and a beta of 1.45. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The company has a 50 day moving average price of $67.23 and a 200 day moving average price of $76.03. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.17. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. During the same period in the prior year, the firm earned $1.08 earnings per share. The business's quarterly revenue was up 1.2% on a year-over-year basis. On average, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current 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.