Pictet Asset Management Holding SA Decreases Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Pictet Asset Management Holding SA cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 14.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 682,696 shares of the credit services provider's stock after selling 110,861 shares during the period. Pictet Asset Management Holding SA owned 0.07% of PayPal worth $58,268,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in PYPL. Rosenberg Matthew Hamilton lifted its holdings in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after buying an additional 125 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new stake in PayPal during the third quarter worth $26,000. Sugarloaf Wealth Management LLC grew its position in shares of 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 acquiring an additional 272 shares during the period. Modus Advisors LLC acquired a new position in PayPal in the 4th quarter worth about $37,000. Finally, Crowley Wealth Management Inc. purchased a new position in PayPal during the fourth quarter worth approximately $39,000. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Stock Up 0.2 %

Shares of PYPL stock traded up $0.10 during trading on Monday, reaching $65.25. The company's stock had a trading volume of 11,545,416 shares, compared to its average volume of 11,226,548. The company has a market capitalization of $64.55 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a 1-year low of $56.97 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 stock's 50-day moving average price is $76.28 and its 200 day moving average price is $80.90.

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

Wall Street Analyst Weigh In

PYPL has been the subject of several research analyst reports. Robert W. Baird reduced their target price on PayPal from $100.00 to $95.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Arete Research downgraded shares of PayPal from a "strong-buy" rating to a "hold" rating in a report on Thursday. Macquarie boosted their target price on shares of PayPal from $115.00 to $117.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. DZ Bank raised shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 price target on the stock in a research note on Friday, February 28th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a research note on Wednesday, February 26th. Sixteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $89.40.

Insider Transactions at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares in the company, valued at $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.14% of the company's stock.

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.