Vontobel Holding Ltd. Sells 135,026 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Vontobel Holding Ltd. decreased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 12.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 946,884 shares of the credit services provider’s stock after selling 135,026 shares during the period. Vontobel Holding Ltd. owned 0.09% of PayPal worth $80,817,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in PYPL. Gordian Capital Singapore Pte Ltd bought a new position in shares of PayPal in the third quarter valued at approximately $26,000. Rosenberg Matthew Hamilton grew its stake in PayPal by 67.6% in 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 during the last quarter. Sugarloaf Wealth Management LLC grew its stake in PayPal by 344.3% in 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 during the last quarter. Planning Capital Management Corp raised its holdings in PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 268 shares during the period. Finally, Financial Management Professionals Inc. lifted its position in PayPal by 125.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 243 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PYPL has been the topic of a number of recent analyst reports. UBS Group lifted their price objective on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Morgan Stanley dropped their price target on PayPal from $90.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. BMO Capital Markets upped their price target on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Barclays raised their price objective on shares of PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Finally, Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and upped their target price for the company from $86.00 to $103.00 in a research note on Monday, December 9th. Thirteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and an average target price of $90.52.

PayPal Trading Up 0.4 %

PYPL stock opened at $76.59 on Friday. The business has a fifty day moving average price of $86.91 and a 200 day moving average price of $80.03. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.25. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The stock has a market capitalization of $75.77 billion, a price-to-earnings ratio of 19.10, a P/E/G ratio of 1.29 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter in the prior year, the business earned $1.48 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. Analysts expect that PayPal Holdings, Inc. will post 5.03 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.