PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by GAM Holding AG

GAM Holding AG reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 21.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 53,344 shares of the credit services provider's stock after selling 14,455 shares during the period. GAM Holding AG's holdings in PayPal were worth $4,553,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in PYPL. Global Retirement Partners LLC boosted its position in shares of PayPal by 17.5% during the 3rd quarter. Global Retirement Partners LLC now owns 8,285 shares of the credit services provider's stock worth $646,000 after purchasing an additional 1,232 shares in the last quarter. Bleakley Financial Group LLC boosted its position in shares of PayPal by 4.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 16,041 shares of the credit services provider's stock worth $1,252,000 after purchasing an additional 704 shares in the last quarter. Blue Trust Inc. boosted its position in shares of PayPal by 126.5% during the 3rd quarter. Blue Trust Inc. now owns 7,607 shares of the credit services provider's stock worth $594,000 after purchasing an additional 4,249 shares in the last quarter. First Citizens Bank & Trust Co. purchased a new stake in shares of PayPal during the 3rd quarter worth $265,000. Finally, OLD National Bancorp IN boosted its position in shares of PayPal by 25.1% during the 3rd quarter. OLD National Bancorp IN now owns 91,554 shares of the credit services provider's stock worth $7,144,000 after purchasing an additional 18,383 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of research reports. Wolfe Research raised shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price objective on the stock in a research note on Friday, December 13th. Morgan Stanley lowered their price objective on shares of PayPal from $90.00 to $79.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. StockNews.com raised shares of PayPal from a "hold" rating to a "buy" rating in a research note on Tuesday, December 24th. Phillip Securities reissued an "accumulate" rating and issued a $90.00 price objective (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. Finally, BMO Capital Markets increased their price objective on shares of PayPal from $73.00 to $82.00 and gave the company a "market perform" rating in a research note on Wednesday, October 30th. Thirteen analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, PayPal has an average rating of "Moderate Buy" and a consensus target price of $90.52.

PayPal Trading Down 3.5 %

PYPL traded down $2.68 on Friday, reaching $74.95. 15,156,060 shares of the company's stock were exchanged, compared to its average volume of 11,485,007. The company's 50 day moving average is $85.50 and its 200-day moving average is $80.53. The company has a market cap of $74.14 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 1.28 and a beta of 1.44. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.11 by $0.08. The firm had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company's revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 EPS. Equities analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

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.