Swiss National Bank Sells 11,100 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Swiss National Bank lessened its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,949,700 shares of the credit services provider’s stock after selling 11,100 shares during the period. Swiss National Bank owned about 0.29% of PayPal worth $230,165,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Mizuho Securities USA LLC increased 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 worth $819,315,000 after purchasing an additional 10,419,351 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of PayPal by 3.3% during the second quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider’s stock worth $501,184,000 after purchasing an additional 276,287 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of PayPal by 28.1% in the second quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after buying an additional 1,866,925 shares during the period. Primecap Management Co. CA raised its holdings in PayPal by 180.7% in the 2nd quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock valued at $287,043,000 after buying an additional 3,184,160 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in PayPal by 12.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,189,947 shares of the credit services provider’s stock worth $248,912,000 after buying an additional 364,851 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Trading Up 0.0 %

NASDAQ PYPL opened at $85.83 on Monday. PayPal Holdings, Inc. has a 52 week low of $55.28 and a 52 week high of $87.92. The business has a 50 day moving average price of $78.86 and a 200-day moving average price of $69.04. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a market cap of $86.05 billion, a price-to-earnings ratio of 20.48, a P/E/G ratio of 1.53 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.97 earnings per share. As a group, equities analysts expect that PayPal Holdings, Inc. will post 4.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

PYPL has been the subject of several recent research reports. Susquehanna upped their price target on shares of PayPal from $83.00 to $94.00 and gave the company a “positive” rating in a research report on Wednesday, October 30th. Sanford C. Bernstein downgraded PayPal from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $75.00 to $80.00 in a report on Thursday, October 10th. Morgan Stanley lifted their target price on PayPal from $71.00 to $76.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Mizuho upped their price target on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Daiwa America upgraded PayPal from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Fifteen investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $83.45.

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.