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

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

Several other hedge funds and other institutional investors have also made changes to their positions in PYPL. Sei Investments Co. grew its stake in shares of PayPal by 35.4% in the second quarter. Sei Investments Co. now owns 147,259 shares of the credit services provider’s stock worth $8,545,000 after acquiring an additional 38,488 shares in the last quarter. APG Asset Management N.V. grew its stake in PayPal by 165.2% during the 2nd quarter. APG Asset Management N.V. now owns 123,808 shares of the credit services provider’s stock worth $6,704,000 after purchasing an additional 77,124 shares in the last quarter. Algert Global LLC purchased a new stake in PayPal during the 2nd quarter worth about $435,000. Creative Planning raised its position in PayPal by 3.4% in the 2nd quarter. Creative Planning now owns 307,093 shares of the credit services provider’s stock valued at $17,821,000 after purchasing an additional 10,034 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of PayPal by 14.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 20,334 shares of the credit services provider’s stock valued at $1,180,000 after buying an additional 2,503 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

NASDAQ PYPL opened at $90.24 on Tuesday. The stock has a market capitalization of $90.47 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 1.54 and a beta of 1.44. The business’s 50 day moving average is $87.76 and its two-hundred day moving average is $78.05. PayPal Holdings, Inc. has a 12-month low of $55.77 and a 12-month high of $93.66. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. PayPal’s quarterly revenue was up 6.0% on a year-over-year basis. Research analysts expect that PayPal Holdings, Inc. will post 4.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group upped their target price on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Barclays increased their price objective on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective for the company in a research report on Friday, December 13th. Wells Fargo & Company increased their target price on PayPal from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Finally, Oppenheimer assumed coverage on PayPal in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.48.

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.