Quintet Private Bank Europe S.A. Cuts Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Quintet Private Bank Europe S.A. lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 697,721 shares of the credit services provider’s stock after selling 22,725 shares during the period. PayPal accounts for approximately 2.7% of Quintet Private Bank Europe S.A.’s investment portfolio, making the stock its 12th largest holding. Quintet Private Bank Europe S.A. owned about 0.07% of PayPal worth $42,847,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PYPL. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of PayPal during the fourth quarter worth about $25,000. Private Wealth Management Group LLC purchased a new stake in shares of PayPal during the fourth quarter worth about $29,000. Beacon Capital Management LLC grew its stake in shares of PayPal by 58.6% during the fourth quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock worth $36,000 after acquiring an additional 225 shares during the last quarter. EdgeRock Capital LLC purchased a new stake in shares of PayPal during the fourth quarter worth about $36,000. Finally, Criterion Capital Advisors LLC purchased a new stake in shares of PayPal during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Down 1.5 %

PYPL stock traded down $0.91 during mid-day trading on Friday, reaching $60.64. The company had a trading volume of 10,366,037 shares, compared to its average volume of 10,765,228. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54. The company has a market capitalization of $63.43 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 0.99 and a beta of 1.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a fifty day simple moving average of $64.22 and a 200 day simple moving average of $62.39.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The firm had revenue of $7.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 EPS. Analysts forecast that PayPal Holdings, Inc. will post 4.14 earnings per share for the current fiscal year.

Insider Buying and Selling at PayPal

In other news, Director Deborah M. Messemer sold 4,422 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $61.65, for a total value of $272,616.30. Following the completion of the sale, the director now directly owns 13,976 shares of the company’s stock, valued at approximately $861,620.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

PYPL has been the subject of a number of research reports. BMO Capital Markets lifted their target price on PayPal from $64.00 to $65.00 and gave the stock a “market perform” rating in a report on Wednesday, May 1st. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $78.00 target price on shares of PayPal in a report on Thursday. Robert W. Baird lifted their target price on PayPal from $70.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Monness Crespi & Hardt lifted their target price on PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Finally, Evercore ISI lifted their target price on PayPal from $60.00 to $65.00 and gave the stock an “in-line” rating in a report on Wednesday, May 1st. Twenty-one analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, PayPal currently has a consensus rating of “Hold” and an average price target of $73.82.

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.