Bank Julius Baer & Co. Ltd Zurich Has $5.43 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Bank Julius Baer & Co. Ltd Zurich reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 8.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 88,383 shares of the credit services provider’s stock after selling 7,656 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in PayPal were worth $5,428,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in PayPal in the fourth quarter worth $25,000. Sutton Wealth Advisors Inc. raised its holdings in PayPal by 115.0% in the third quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 237 shares during the period. BluePath Capital Management LLC acquired a new stake in PayPal in the third quarter worth $33,000. Beacon Capital Management LLC raised its holdings in PayPal by 58.6% in the fourth quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock worth $36,000 after purchasing an additional 225 shares during the period. Finally, Criterion Capital Advisors LLC acquired a new stake in PayPal in the fourth quarter worth $37,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PYPL shares. Wells Fargo & Company increased their price objective on shares of PayPal from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. DZ Bank cut shares of PayPal from a “buy” rating to a “hold” rating and set a $60.00 target price for the company. in a research note on Friday, February 9th. Oppenheimer restated a “market perform” rating on shares of PayPal in a research note on Thursday, January 25th. Susquehanna raised their target price on shares of PayPal from $61.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Finally, UBS Group raised their target price on shares of PayPal from $56.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $70.47.

Insiders Place Their Bets

In other news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the transaction, the senior vice president now owns 23,430 shares in the company, valued at approximately $1,420,795.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.

PayPal Trading Up 2.9 %

PYPL opened at $65.96 on Friday. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market capitalization of $69.43 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 1.19 and a beta of 1.45. The company’s 50 day moving average price is $62.87 and its two-hundred day moving average price is $60.16.

PayPal (NASDAQ:PYPL) last posted its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The firm had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same period in the previous year, the firm posted $1.01 EPS. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, research analysts predict that PayPal Holdings, Inc. will post 4.02 earnings per share for the current year.

PayPal Company 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.