Swiss National Bank Cuts Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Swiss National Bank trimmed its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,949,700 shares of the credit services provider’s stock after selling 11,100 shares during the period. Swiss National Bank’s holdings in PayPal were worth $230,165,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. S&CO Inc. increased its position in shares of PayPal by 5.2% during the third quarter. S&CO Inc. now owns 180,179 shares of the credit services provider’s stock valued at $14,059,000 after acquiring an additional 8,882 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in PayPal by 1.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,688,261 shares of the credit services provider’s stock valued at $131,735,000 after purchasing an additional 28,870 shares during the period. Claro Advisors LLC increased its position in shares of PayPal by 54.4% during the 3rd quarter. Claro Advisors LLC now owns 8,744 shares of the credit services provider’s stock valued at $682,000 after purchasing an additional 3,082 shares during the last quarter. Ceera Investments LLC raised its stake in shares of PayPal by 0.7% during the 3rd quarter. Ceera Investments LLC now owns 80,462 shares of the credit services provider’s stock worth $6,278,000 after purchasing an additional 526 shares during the period. Finally, Accent Capital Management LLC purchased a new position in shares of PayPal in the 3rd quarter worth about $503,000. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Up 0.0 %

Shares of PYPL opened at $85.83 on Monday. PayPal Holdings, Inc. has a 1-year low of $55.28 and a 1-year high of $87.92. The company has a market capitalization of $86.05 billion, a P/E ratio of 20.48, a P/E/G ratio of 1.53 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The firm’s 50 day simple moving average is $78.86 and its 200 day simple moving average is $69.04.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data 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 firm had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter last year, the company posted $0.97 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Sell-side analysts forecast that PayPal Holdings, Inc. will post 4.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on PYPL shares. JPMorgan Chase & Co. raised their price objective on shares of PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. William Blair upgraded shares of PayPal to a “hold” rating in a research note on Tuesday, July 30th. Oppenheimer began coverage on PayPal in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Wells Fargo & Company increased their price objective on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Finally, The Goldman Sachs Group boosted their target price on PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Fifteen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $83.45.

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.