Swiss National Bank Has $230.17 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Swiss National Bank lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,949,700 shares of the credit services provider's stock after selling 11,100 shares during the period. Swiss National Bank owned approximately 0.29% of PayPal worth $230,165,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of PYPL. Intech Investment Management LLC lifted its holdings in shares of PayPal by 315.6% in the first quarter. Intech Investment Management LLC now owns 27,872 shares of the credit services provider's stock valued at $1,867,000 after purchasing an additional 21,166 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of PayPal by 216.9% in the first quarter. Acadian Asset Management LLC now owns 41,702 shares of the credit services provider's stock valued at $2,792,000 after purchasing an additional 28,543 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in shares of PayPal in the first quarter valued at $1,256,000. Covestor Ltd lifted its holdings in shares of PayPal by 39.8% in the first quarter. Covestor Ltd now owns 2,763 shares of the credit services provider's stock valued at $185,000 after purchasing an additional 786 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of PayPal by 29.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 52,341 shares of the credit services provider's stock valued at $3,506,000 after purchasing an additional 11,984 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Daiwa Capital Markets raised shares of PayPal from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $68.00 to $72.00 in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft upped their price target on shares of PayPal from $74.00 to $94.00 and gave the stock a "buy" rating in a research note on Monday, September 23rd. Sanford C. Bernstein downgraded shares of PayPal from an "outperform" rating to a "market perform" rating and upped their price target for the stock from $75.00 to $80.00 in a research note on Thursday, October 10th. JPMorgan Chase & Co. increased their target price on shares of PayPal from $80.00 to $90.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Finally, TD Cowen increased their target price on shares of PayPal from $68.00 to $70.00 and gave the stock a "hold" rating in a research report on Wednesday, July 31st. Fifteen investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, PayPal has an average rating of "Moderate Buy" and a consensus target price of $83.45.

PayPal Stock Down 1.4 %

PYPL traded down $1.16 during trading on Monday, hitting $84.67. The company had a trading volume of 10,122,264 shares, compared to its average volume of 13,458,351. The company has a market capitalization of $84.88 billion, a PE ratio of 20.42, a PEG ratio of 1.53 and a beta of 1.43. PayPal Holdings, Inc. has a one year low of $55.28 and a one year high of $87.92. The firm's 50-day moving average price is $78.86 and its 200 day moving average price is $69.04. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL - Get Free Report) last issued 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 firm had revenue of $7.85 billion for the quarter, compared to analysts' expectations of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company's revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 EPS. As a group, equities analysts expect that PayPal Holdings, Inc. will post 4.56 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.