PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 15.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 760,393 shares of the credit services provider’s stock after buying an additional 99,592 shares during the quarter. PayPal makes up approximately 3.6% of Quintet Private Bank Europe S.A.’s investment portfolio, making the stock its 8th largest position. Quintet Private Bank Europe S.A.’s holdings in PayPal were worth $64,900,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in PayPal by 86.3% in the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after buying an additional 7,767,072 shares in the last quarter. Mizuho Securities USA LLC grew its holdings in PayPal by 12,919.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after buying an additional 10,419,351 shares in the last quarter. Primecap Management Co. CA grew its holdings in PayPal by 21.6% in the 3rd quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock valued at $469,414,000 after buying an additional 1,069,356 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of PayPal during the 3rd quarter worth $387,435,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of PayPal by 174.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock worth $361,316,000 after purchasing an additional 2,689,162 shares during the period. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Price Performance

PYPL stock opened at $71.07 on Monday. The business has a 50 day moving average price of $83.61 and a 200 day moving average price of $81.16. The stock has a market cap of $70.30 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 1.27 and a beta of 1.44. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.48 earnings per share. Equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the sale, the director now owns 29,734 shares in the company, valued at $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PYPL. Wells Fargo & Company reiterated an “equal weight” rating on shares of PayPal in a report on Wednesday, February 5th. DZ Bank upgraded PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a report on Friday. Macquarie increased their price target on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target for the company in a report on Friday, December 13th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $100.00 price target on shares of PayPal in a report on Thursday, December 12th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.03.

PayPal 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.