Union Bancaire Privee UBP SA Purchases New Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Union Bancaire Privee UBP SA purchased a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 26,362 shares of the credit services provider’s stock, valued at approximately $2,157,000.

Several other large investors have also recently bought and sold shares of the business. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in PayPal by 17.0% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 192,740 shares of the credit services provider’s stock valued at $16,450,000 after buying an additional 28,000 shares during the period. MONECO Advisors LLC acquired a new position in PayPal during the fourth quarter valued at $1,732,000. Lansing Street Advisors acquired a new position in PayPal during the fourth quarter valued at $219,000. Howard Capital Management Inc. raised its position in PayPal by 2.3% during the fourth quarter. Howard Capital Management Inc. now owns 45,417 shares of the credit services provider’s stock valued at $3,876,000 after buying an additional 1,039 shares during the period. Finally, Wealthspire Advisors LLC raised its position in PayPal by 7.4% during the fourth quarter. Wealthspire Advisors LLC now owns 15,544 shares of the credit services provider’s stock valued at $1,327,000 after buying an additional 1,074 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $74.95 on Monday. The business has a 50 day moving average price of $85.18 and a 200 day moving average price of $80.88. 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 Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The company has a market cap of $74.14 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 1.27 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter last year, the company earned $1.48 EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 target price on shares of PayPal in a research report on Thursday, December 12th. Macquarie upped their target price on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Barclays upped their target price on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Finally, Canaccord Genuity Group upped their target price on PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Fourteen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $90.52.

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.