PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 9.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,519,806 shares of the credit services provider's stock after selling 677,389 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.65% of PayPal worth $508,740,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PYPL. Planning Capital Management Corp increased its position in shares of PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock worth $32,000 after purchasing an additional 268 shares during the last quarter. Financial Management Professionals Inc. raised its position in 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 in the last quarter. Family Firm Inc. acquired a new stake in PayPal in the second quarter valued at $29,000. SYSTM Wealth Solutions LLC grew its holdings in PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider's stock worth $29,000 after purchasing an additional 167 shares during the period. Finally, LRI Investments LLC acquired a new position in shares of PayPal during the 1st quarter worth approximately $34,000. Institutional investors own 68.32% of the company's stock.

PayPal Trading Up 0.2 %

PYPL traded up $0.20 during trading on Friday, hitting $86.77. 4,469,451 shares of the stock were exchanged, compared to its average volume of 13,256,836. The firm has a market cap of $86.99 billion, a price-to-earnings ratio of 20.71, a P/E/G ratio of 1.54 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $88.74. The firm has a 50 day simple moving average of $81.69 and a 200 day simple moving average of $70.45.

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

Analysts Set New Price Targets

A number of research firms have recently commented on PYPL. Mizuho raised their price target on PayPal from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Royal Bank of Canada raised their price objective on shares of PayPal from $84.00 to $89.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Morgan Stanley increased their target price on PayPal from $71.00 to $76.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on PayPal from $80.00 to $90.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Finally, Barclays raised their price objective on PayPal from $85.00 to $92.00 and gave the company an "overweight" rating in a report on Friday, September 27th. Sixteen research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $83.60.

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.