Bank Julius Baer & Co. Ltd Zurich Lowers Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Bank Julius Baer & Co. Ltd Zurich trimmed its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 8.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,383 shares of the credit services provider’s stock after selling 7,656 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in PayPal were worth $5,428,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Hartford Financial Management Inc. boosted its holdings in PayPal by 18.8% in the fourth quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock valued at $63,000 after purchasing an additional 163 shares during the period. Pine Haven Investment Counsel Inc raised its stake in PayPal by 3.7% in the fourth quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider’s stock valued at $289,000 after buying an additional 170 shares in the last quarter. Brooks Moore & Associates Inc. raised its stake in PayPal by 1.3% in the third quarter. Brooks Moore & Associates Inc. now owns 14,391 shares of the credit services provider’s stock valued at $841,000 after buying an additional 180 shares in the last quarter. Waldron Private Wealth LLC raised its stake in PayPal by 1.9% in the fourth quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider’s stock valued at $590,000 after buying an additional 182 shares in the last quarter. Finally, New World Advisors LLC raised its stake in PayPal by 2.9% in the fourth quarter. New World Advisors LLC now owns 6,586 shares of the credit services provider’s stock valued at $404,000 after buying an additional 185 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the sale, the senior vice president now owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $65.96 on Friday. The business’s 50 day simple moving average is $62.87 and its 200-day simple moving average is $60.16. The firm has a market capitalization of $69.43 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 1.19 and a beta of 1.45. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $76.54.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.36 by $0.12. The business had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.01 EPS. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 4.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of analyst reports. BMO Capital Markets cut their price target on PayPal from $65.00 to $60.00 and set a “market perform” rating on the stock in a research note on Thursday, February 8th. Canaccord Genuity Group cut their target price on PayPal from $100.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. William Blair reiterated an “outperform” rating on shares of PayPal in a research report on Thursday, February 8th. JPMorgan Chase & Co. cut their target price on PayPal from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. Finally, DZ Bank cut PayPal from a “buy” rating to a “hold” rating and set a $60.00 target price on the stock. in a research report on Friday, February 9th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $70.47.

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.