Union Bancaire Privee UBP SA Has $1.06 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Union Bancaire Privee UBP SA lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 34.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,167 shares of the credit services provider's stock after selling 9,195 shares during the quarter. Union Bancaire Privee UBP SA's holdings in PayPal were worth $1,064,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new position in shares of PayPal in the fourth quarter valued at approximately $25,000. Hurley Capital LLC acquired a new position in shares of PayPal in the fourth quarter valued at approximately $27,000. Bernard Wealth Management Corp. acquired a new position in shares of PayPal in the fourth quarter valued at approximately $34,000. Pinney & Scofield Inc. acquired a new position in shares of PayPal in the fourth quarter valued at approximately $35,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of PayPal in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 68.32% of the company's stock.

PayPal Price Performance

PYPL stock traded down $3.98 during mid-day trading on Friday, hitting $70.83. The stock had a trading volume of 16,734,401 shares, compared to its average volume of 11,033,751. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The firm has a market capitalization of $68.88 billion, a P/E ratio of 17.66, a P/E/G ratio of 1.27 and a beta of 1.45. The firm has a fifty day simple moving average of $68.14 and a 200 day simple moving average of $75.67.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results 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. The firm had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm earned $1.08 EPS. As a group, research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Activity at PayPal

In related news, Director Deborah M. Messemer sold 3,795 shares of PayPal stock in a transaction that occurred 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 now directly owns 13,976 shares of the company's stock, valued at approximately $1,020,248. The trade was a 21.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Diego Scotti sold 3,839 shares of PayPal stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $281,168.36. Following the sale, the executive vice president now directly owns 16,989 shares in the company, valued at $1,244,274.36. This trade represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,796 shares of company stock valued at $863,028. 0.08% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PYPL shares. Citigroup reduced their price target on shares of PayPal from $98.00 to $95.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Evercore ISI began coverage on shares of PayPal in a report on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 price target for the company. Truist Financial began coverage on shares of PayPal in a report on Monday, June 2nd. They set a "sell" rating and a $68.00 target price for the company. Wells Fargo & Company reduced their target price on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, March 31st. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $83.29.

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.