PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by UMB Bank n.a.

UMB Bank n.a. grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 204.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,518 shares of the credit services provider's stock after buying an additional 36,614 shares during the period. UMB Bank n.a.'s holdings in PayPal were worth $4,653,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton boosted its stake in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after acquiring an additional 125 shares during the period. Gordian Capital Singapore Pte Ltd bought a new position in PayPal in the 3rd quarter worth approximately $26,000. Sugarloaf Wealth Management LLC grew its holdings in PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after buying an additional 272 shares in the last quarter. Planning Capital Management Corp raised its position in shares of PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock valued at $32,000 after buying an additional 268 shares during the last quarter. Finally, Financial Management Professionals Inc. boosted its position in shares of PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider's stock worth $34,000 after acquiring an additional 243 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Down 2.4 %

PYPL stock traded down $2.16 during trading on Tuesday, hitting $89.65. 6,058,994 shares of the company's stock traded hands, compared to its average volume of 8,300,954. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $89.87 billion, a P/E ratio of 21.41, a PEG ratio of 1.57 and a beta of 1.44. The business has a fifty day simple moving average of $87.50 and a two-hundred day simple moving average of $77.20. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm had revenue of $7.85 billion during the quarter, compared to analysts' expectations of $7.88 billion. During the same period in the prior year, the business posted $0.97 EPS. The firm's quarterly revenue was up 6.0% on a year-over-year basis. Sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on the stock. Oppenheimer began coverage on shares of PayPal in a report on Tuesday, October 1st. They set a "market perform" rating for the company. The Goldman Sachs Group lifted their price objective on PayPal from $79.00 to $87.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. upped their price objective on PayPal from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Monness Crespi & Hardt raised their target price on shares of PayPal from $95.00 to $110.00 and gave the company a "buy" rating in a report on Monday, October 28th. Finally, Canaccord Genuity Group upped their price target on shares of PayPal from $80.00 to $96.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, PayPal has a consensus rating of "Moderate Buy" and a consensus price target of $89.32.

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.