Edmond DE Rothschild Holding S.A. Grows Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Edmond DE Rothschild Holding S.A. increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 90.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 80,084 shares of the credit services provider’s stock after purchasing an additional 38,021 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in PayPal were worth $6,835,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PYPL. Rosenberg Matthew Hamilton boosted its position in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after buying an additional 125 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new position in PayPal during the 3rd quarter worth approximately $26,000. Sugarloaf Wealth Management LLC boosted its holdings in PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 272 shares during the period. Modus Advisors LLC acquired a new stake in PayPal in the fourth quarter valued at approximately $37,000. Finally, Crowley Wealth Management Inc. purchased a new stake in shares of PayPal during the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Activity

In related news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now owns 29,734 shares of the company’s stock, valued at $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

PYPL has been the subject of several analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $100.00 target price on shares of PayPal in a research note on Thursday, December 12th. Robert W. Baird lowered their target price on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Citigroup reaffirmed an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. BTIG Research reissued a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. Finally, Barclays lifted their price objective on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Sixteen 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.40.

PayPal Price Performance

NASDAQ PYPL opened at $65.25 on Tuesday. The company has a 50-day moving average price of $75.75 and a two-hundred day moving average price of $80.86. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The stock has a market cap of $64.55 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth 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 issued its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The business had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.48 EPS. Analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.