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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.4% during the third quarter, HoldingsChannel reports. The firm 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’s holdings in PayPal were worth $508,740,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Planning Capital Management Corp boosted its holdings in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after buying an additional 268 shares in the last quarter. Financial Management Professionals Inc. boosted its holdings in shares of PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after buying an additional 243 shares in the last quarter. Family Firm Inc. acquired a new position in shares of PayPal in the 2nd quarter valued at $29,000. SYSTM Wealth Solutions LLC boosted its holdings in shares of PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after buying an additional 167 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in shares of PayPal in the 1st quarter valued at $34,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on PYPL shares. Mizuho upped their target price on shares of PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $78.00 target price on shares of PayPal in a report on Wednesday, September 18th. Daiwa Capital Markets upgraded shares of PayPal from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $68.00 to $72.00 in a research note on Friday, August 9th. Stephens increased their price target on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Finally, BMO Capital Markets increased their price target on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $83.60.

PayPal Stock Performance

NASDAQ:PYPL opened at $86.57 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average price of $81.49 and a two-hundred day moving average price of $70.29. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $88.74. The company has a market capitalization of $86.79 billion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 1.54 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $0.97 EPS. As a group, research analysts expect that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

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.