Quintet Private Bank Europe S.A. Has $51.56 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Quintet Private Bank Europe S.A. raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 15.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 660,801 shares of the credit services provider’s stock after acquiring an additional 89,237 shares during the period. PayPal comprises 2.9% of Quintet Private Bank Europe S.A.’s holdings, making the stock its 9th biggest holding. Quintet Private Bank Europe S.A. owned approximately 0.06% of PayPal worth $51,562,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC boosted its holdings in shares of PayPal by 7.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after acquiring an additional 124 shares in the last quarter. First United Bank & Trust raised its position in PayPal by 6.4% in the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock valued at $187,000 after purchasing an additional 145 shares during the last quarter. Ritholtz Wealth Management boosted its stake in shares of PayPal by 3.3% during the third quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock valued at $369,000 after purchasing an additional 152 shares in the last quarter. SYSTM Wealth Solutions LLC grew its holdings in shares of PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares during the last quarter. Finally, First Bank & Trust increased its stake in shares of PayPal by 4.4% in the third quarter. First Bank & Trust now owns 4,016 shares of the credit services provider’s stock valued at $313,000 after buying an additional 171 shares during the period. Institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of research reports. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $78.00 target price on shares of PayPal in a report on Wednesday, September 18th. Mizuho increased their price objective on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, October 14th. TD Cowen lifted their target price on PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Barclays upped their price target on PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Finally, Macquarie raised their price objective on PayPal from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Fifteen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, PayPal has an average rating of “Moderate Buy” and a consensus target price of $83.45.

PayPal Stock Performance

Shares of NASDAQ:PYPL traded up $0.32 during mid-day trading on Monday, reaching $77.57. The company had a trading volume of 2,941,168 shares, compared to its average volume of 13,606,513. PayPal Holdings, Inc. has a one year low of $53.55 and a one year high of $83.70. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.49. The company’s 50-day moving average price is $76.50 and its 200-day moving average price is $67.72. The firm has a market cap of $77.77 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 1.41 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the prior year, the company posted $0.97 EPS. PayPal’s revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts anticipate that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal year.

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.