Bank Pictet & Cie Europe AG Grows Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Bank Pictet & Cie Europe AG increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 15.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,587 shares of the credit services provider’s stock after purchasing an additional 602 shares during the period. Bank Pictet & Cie Europe AG’s holdings in PayPal were worth $358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Park Avenue Securities LLC grew its holdings in PayPal by 47.3% during the first quarter. Park Avenue Securities LLC now owns 19,306 shares of the credit services provider’s stock worth $1,293,000 after acquiring an additional 6,203 shares during the period. RFG Advisory LLC purchased a new position in shares of PayPal during the 1st quarter valued at approximately $367,000. Riverview Trust Co acquired a new position in shares of PayPal in the 1st quarter valued at $47,000. Sound Income Strategies LLC boosted its holdings in PayPal by 77.9% during the first quarter. Sound Income Strategies LLC now owns 1,247 shares of the credit services provider’s stock worth $84,000 after buying an additional 546 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in PayPal during the first quarter valued at $131,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PYPL. William Blair raised shares of PayPal to a “hold” rating in a research note on Tuesday, July 30th. Macquarie raised their price objective on PayPal from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Daiwa America raised PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. Daiwa Capital Markets upgraded PayPal from a “neutral” rating to an “outperform” rating and increased their target price for the company from $68.00 to $72.00 in a research report on Friday, August 9th. Finally, Wells Fargo & Company boosted their price target on shares of PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Sixteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and a consensus price target of $78.03.

PayPal Price Performance

PYPL stock opened at $80.91 on Wednesday. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $82.00. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The stock has a market cap of $82.72 billion, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 1.47 and a beta of 1.44. The business has a fifty day moving average of $74.81 and a two-hundred day moving average of $66.86.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same period last year, the company earned $0.83 EPS. The company’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 4.44 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.