Bank Julius Baer & Co. Ltd Zurich Grows Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,519 shares of the credit services provider’s stock after buying an additional 2,143 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in PayPal were worth $6,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in PYPL. Gordian Capital Singapore Pte Ltd purchased a new stake in PayPal during the 3rd quarter valued at approximately $26,000. Rosenberg Matthew Hamilton grew its holdings in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after buying an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC grew its holdings in PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after buying an additional 272 shares in the last quarter. Planning Capital Management Corp grew its holdings in PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after buying an additional 268 shares in the last quarter. Finally, Legacy Investment Solutions LLC purchased a new stake in PayPal during the 3rd quarter valued at approximately $36,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PYPL. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. Citigroup reissued an “outperform” rating on shares of PayPal in a report on Wednesday, February 5th. Macquarie raised their target price on shares of PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Monday, February 10th. DZ Bank raised shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of PayPal in a report on Tuesday, February 4th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

PayPal Stock Up 3.5 %

Shares of PYPL opened at $70.48 on Monday. PayPal Holdings, Inc. has a 12-month low of $56.97 and a 12-month high of $93.66. The firm has a fifty day moving average price of $81.75 and a 200-day moving average price of $81.13. The firm has a market capitalization of $69.72 billion, a P/E ratio of 17.58, a P/E/G ratio of 1.27 and a beta of 1.52. 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) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same period in the prior year, the firm earned $1.48 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share 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.