PayPal Holdings, Inc. (NASDAQ:PYPL) Position Increased by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 15.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 660,801 shares of the credit services provider’s stock after acquiring an additional 89,237 shares during the quarter. PayPal accounts for approximately 2.9% of Quintet Private Bank Europe S.A.’s portfolio, making the stock its 9th largest holding. Quintet Private Bank Europe S.A.’s holdings in PayPal were worth $51,562,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Primecap Management Co. CA increased its position in shares of PayPal by 180.7% in the second quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock valued at $287,043,000 after acquiring an additional 3,184,160 shares during the period. Clearbridge Investments LLC increased its holdings in PayPal by 28.1% during the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after purchasing an additional 1,866,925 shares during the period. International Assets Investment Management LLC raised its position in PayPal by 9,864.9% during the 3rd quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock valued at $87,336,000 after purchasing an additional 1,108,030 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in PayPal by 139.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,544,179 shares of the credit services provider’s stock worth $120,492,000 after buying an additional 899,476 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of PayPal by 31.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,899,859 shares of the credit services provider’s stock worth $194,262,000 after buying an additional 687,940 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PYPL. Royal Bank of Canada boosted their price target on shares of PayPal from $84.00 to $89.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Daiwa America upgraded shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. UBS Group raised their price target on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. BMO Capital Markets upped their price target on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Finally, Barclays raised their price objective on shares of PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Fifteen research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.45.

PayPal Trading Up 0.4 %

Shares of NASDAQ PYPL traded up $0.32 during trading hours on Monday, hitting $77.57. 2,941,168 shares of the company traded hands, compared to its average volume of 13,606,513. The stock has a market capitalization of $77.77 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 1.41 and a beta of 1.43. The company’s 50 day moving average price is $76.50 and its 200 day moving average price is $67.72. PayPal Holdings, Inc. has a 12 month low of $53.55 and a 12 month high of $83.70. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.49.

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