Vontobel Holding Ltd. Sells 135,026 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Vontobel Holding Ltd. lessened its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 12.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 946,884 shares of the credit services provider's stock after selling 135,026 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.09% of PayPal worth $80,817,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in PYPL. Park Place Capital Corp increased its position in PayPal by 6.6% during the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock valued at $161,000 after buying an additional 116 shares in the last quarter. Rosenberg Matthew Hamilton increased its position in PayPal by 67.6% during 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 in the last quarter. Wynn Capital LLC increased its position in PayPal by 1.1% during the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock valued at $983,000 after buying an additional 130 shares in the last quarter. Brave Asset Management Inc. increased its position in PayPal by 5.2% during the 4th quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider's stock valued at $241,000 after buying an additional 141 shares in the last quarter. Finally, First United Bank & Trust increased its position in PayPal by 6.4% during the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider's stock valued at $187,000 after buying an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Price Performance

Shares of NASDAQ:PYPL traded up $1.38 during mid-day trading on Friday, reaching $77.97. The stock had a trading volume of 10,494,275 shares, compared to its average volume of 11,522,234. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. The company has a market cap of $77.13 billion, a P/E ratio of 19.44, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66. The business's 50 day moving average price is $86.66 and its 200 day moving average price is $80.01.

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

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of research analyst reports. Piper Sandler lifted their target price on PayPal from $88.00 to $93.00 and gave the stock a "neutral" rating in a report on Friday, January 24th. Needham & Company LLC reissued a "hold" rating on shares of PayPal in a report on Wednesday, February 5th. Morgan Stanley reduced their target price on PayPal from $90.00 to $79.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company lifted their price objective on PayPal from $75.00 to $80.00 and gave the stock an "equal weight" rating in a report on Thursday, January 16th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $100.00 price objective on shares of PayPal in a report on Thursday, December 12th. Thirteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, PayPal currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.52.

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.