UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,519,806 shares of the credit services provider’s stock after selling 677,389 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.65% of PayPal worth $508,740,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PYPL. LRI Investments LLC purchased a new position in PayPal in the first quarter valued at $34,000. Burney Co. purchased a new stake in shares of PayPal during the first quarter worth about $1,912,000. PGGM Investments purchased a new stake in shares of PayPal during the first quarter worth about $1,240,000. Cetera Investment Advisers increased its stake in shares of PayPal by 229.8% during the first quarter. Cetera Investment Advisers now owns 205,295 shares of the credit services provider’s stock worth $13,753,000 after purchasing an additional 143,046 shares in the last quarter. Finally, Cetera Advisors LLC increased its stake in shares of PayPal by 76.2% during the first quarter. Cetera Advisors LLC now owns 44,526 shares of the credit services provider’s stock worth $2,983,000 after purchasing an additional 19,257 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

Shares of PYPL opened at $86.57 on Friday. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $88.74. The firm’s 50 day moving average price is $81.49 and its 200 day moving average price is $70.29. The company has a market cap of $86.79 billion, a P/E ratio of 20.66, a PEG ratio of 1.54 and a beta of 1.43. 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) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the prior year, the firm earned $0.97 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, research analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PYPL has been the subject of a number of research reports. Morgan Stanley boosted their target price on shares of PayPal from $71.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Canaccord Genuity Group boosted their target price on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Royal Bank of Canada boosted their target price on shares of PayPal from $84.00 to $89.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Finally, Macquarie boosted their price target on shares of PayPal from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Sixteen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $83.60.

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.