PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Position Raised by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 17.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,634,664 shares of the credit services provider's stock after buying an additional 1,114,858 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.77% of PayPal worth $651,619,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of PYPL. Vance Wealth LLC boosted its position in PayPal by 12.6% during the fourth quarter. Vance Wealth LLC now owns 5,704 shares of the credit services provider's stock valued at $487,000 after purchasing an additional 637 shares during the last quarter. Waverly Advisors LLC lifted its position in shares of PayPal by 34.3% during the 4th quarter. Waverly Advisors LLC now owns 30,105 shares of the credit services provider's stock worth $2,569,000 after purchasing an additional 7,690 shares during the last quarter. Woodline Partners LP acquired a new position in shares of PayPal during the 4th quarter worth about $5,155,000. iSAM Funds UK Ltd acquired a new position in shares of PayPal during the 4th quarter worth about $292,000. Finally, Vident Advisory LLC raised its holdings in PayPal by 16.7% in the 4th quarter. Vident Advisory LLC now owns 22,658 shares of the credit services provider's stock valued at $1,934,000 after acquiring an additional 3,244 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods dropped their target price on PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, March 31st. Citigroup decreased their price objective on PayPal from $98.00 to $95.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Compass Point began coverage on PayPal in a research report on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 price objective on the stock. Seaport Res Ptn lowered PayPal from a "hold" rating to a "strong sell" rating in a research report on Thursday, April 17th. Finally, Needham & Company LLC reissued a "hold" rating on shares of PayPal in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $83.68.

Insider Buying and Selling at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the sale, the director now owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. This trade represents a 7.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.14% of the company's stock.

PayPal Trading Up 0.4%

Shares of NASDAQ:PYPL opened at $72.61 on Wednesday. The company has a market capitalization of $70.62 billion, a P/E ratio of 18.11, a P/E/G ratio of 1.27 and a beta of 1.51. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The business's 50 day simple moving average is $66.17 and its 200 day simple moving average is $77.31.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. The business had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.08 earnings per share. On average, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal 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.

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