PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 2.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 974,504 shares of the credit services provider's stock after buying an additional 27,620 shares during the period. Vontobel Holding Ltd. owned 0.10% of PayPal worth $63,586,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. J. Goldman & Co LP raised its holdings in PayPal by 11.9% in the 4th quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider's stock worth $22,304,000 after acquiring an additional 27,812 shares during the last quarter. Nikko Asset Management Americas Inc. increased its holdings in shares of PayPal by 2.7% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider's stock worth $59,489,000 after purchasing an additional 18,172 shares in the last quarter. ExodusPoint Capital Management LP raised its stake in shares of PayPal by 223.1% in the fourth quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider's stock worth $22,622,000 after purchasing an additional 183,011 shares during the last quarter. StoneX Group Inc. raised its stake in shares of PayPal by 70.4% in the fourth quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider's stock worth $2,326,000 after purchasing an additional 11,260 shares during the last quarter. Finally, Ring Mountain Capital LLC bought a new position in shares of PayPal during the fourth quarter valued at $581,000. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Trading Up 0.2%

PYPL traded up $0.12 during mid-day trading on Thursday, hitting $76.43. 5,252,008 shares of the stock were exchanged, compared to its average volume of 11,059,645. The firm's fifty day moving average is $70.99 and its two-hundred day moving average is $74.38. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The company has a market cap of $74.33 billion, a PE ratio of 17.10, a PEG ratio of 1.23 and a beta of 1.45. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.16 by $0.17. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The business had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. During the same quarter last year, the firm posted $1.08 earnings per share. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. Equities analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PYPL has been the subject of several recent research reports. Wells Fargo & Company cut their target price on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. BMO Capital Markets reduced their target price on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 30th. Citigroup lowered their target price on PayPal from $98.00 to $95.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. UBS Group cut their target price on PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Finally, Truist Financial initiated coverage on PayPal in a research note on Monday, June 2nd. They set a "sell" rating and a $68.00 price target on the stock. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, PayPal has a consensus rating of "Hold" and an average price target of $83.42.

Insider Activity

In related news, Director Deborah M. Messemer sold 3,795 shares of PayPal stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.00, for a total transaction of $277,035.00. Following the sale, the director directly owned 13,976 shares in the company, valued at $1,020,248. This trade represents a 21.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $304,824.88. Following the transaction, the insider directly owned 48,483 shares in the company, valued at approximately $3,550,894.92. The trade was a 7.91% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,796 shares of company stock worth $863,028. Corporate insiders own 0.08% of the company's stock.

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.