Zurcher Kantonalbank Zurich Cantonalbank Increases Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 4.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 465,047 shares of the credit services provider's stock after purchasing an additional 21,033 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in PayPal were worth $36,288,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Bruce G. Allen Investments LLC boosted its stake in shares of PayPal by 7.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider's stock worth $141,000 after acquiring an additional 124 shares in the last quarter. First United Bank & Trust grew its holdings in PayPal by 6.4% in the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider's stock valued at $187,000 after purchasing an additional 145 shares during the period. Ritholtz Wealth Management increased its position in shares of PayPal by 3.3% in the third quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider's stock valued at $369,000 after buying an additional 152 shares in the last quarter. SYSTM Wealth Solutions LLC raised its stake in shares of PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider's stock worth $29,000 after buying an additional 167 shares during the period. Finally, First Bank & Trust lifted its position in shares of PayPal by 4.4% during the 3rd quarter. First Bank & Trust now owns 4,016 shares of the credit services provider's stock valued at $313,000 after buying an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on PYPL shares. BMO Capital Markets boosted their price target on shares of PayPal from $73.00 to $82.00 and gave the stock a "market perform" rating in a report on Wednesday, October 30th. Phillip Securities restated an "accumulate" rating and set a $90.00 price target (up previously from $80.00) on shares of PayPal in a research report on Friday, November 1st. Macquarie raised their price target on shares of PayPal from $90.00 to $95.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on PayPal from $74.00 to $94.00 and gave the stock a "buy" rating in a research note on Monday, September 23rd. Finally, Wells Fargo & Company raised their target price on PayPal from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Thursday, October 17th. Sixteen investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, PayPal currently has an average rating of "Moderate Buy" and an average price target of $83.60.

PayPal Trading Up 0.2 %

Shares of PYPL stock traded up $0.20 during trading hours on Friday, hitting $86.77. The company had a trading volume of 4,469,451 shares, compared to its average volume of 13,256,836. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $88.74. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The company's fifty day moving average is $81.69 and its 200 day moving average is $70.45. The stock has a market capitalization of $86.99 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.43.

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