Unigestion Holding SA Purchases 56,397 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Unigestion Holding SA increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) by 892.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,717 shares of the credit services provider’s stock after purchasing an additional 56,397 shares during the quarter. Unigestion Holding SA’s holdings in PayPal were worth $11,827,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Evoke Wealth LLC grew its stake in shares of PayPal by 1.5% during the third quarter. Evoke Wealth LLC now owns 3,382 shares of the credit services provider’s stock valued at $880,000 after purchasing an additional 49 shares during the last quarter. Cpwm LLC grew its stake in shares of PayPal by 1.4% during the third quarter. Cpwm LLC now owns 3,736 shares of the credit services provider’s stock valued at $972,000 after purchasing an additional 52 shares during the last quarter. Ferguson Wellman Capital Management Inc. grew its stake in shares of PayPal by 2.9% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 1,961 shares of the credit services provider’s stock valued at $370,000 after purchasing an additional 55 shares during the last quarter. Cranbrook Wealth Management LLC boosted its stake in PayPal by 26.7% in the third quarter. Cranbrook Wealth Management LLC now owns 285 shares of the credit services provider’s stock valued at $74,000 after acquiring an additional 60 shares during the last quarter. Finally, Private Asset Management Inc. boosted its stake in PayPal by 3.7% in the fourth quarter. Private Asset Management Inc. now owns 1,742 shares of the credit services provider’s stock valued at $329,000 after acquiring an additional 62 shares during the last quarter. 75.90% of the stock is currently owned by institutional investors and hedge funds.

PYPL has been the topic of a number of recent research reports. Oppenheimer reduced their price objective on shares of PayPal from $173.00 to $118.00 in a research note on Thursday, April 28th. Credit Suisse Group reduced their price objective on shares of PayPal from $155.00 to $100.00 in a research note on Thursday, April 28th. Needham & Company LLC reduced their price objective on shares of PayPal from $275.00 to $166.00 in a research note on Thursday, February 3rd. DZ Bank cut shares of PayPal from a “buy” rating to a “hold” rating and set a $140.00 price objective on the stock. in a research note on Thursday, February 3rd. Finally, Wolfe Research reduced their price objective on shares of PayPal from $230.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 2nd. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirty have given a buy rating to the company. According to MarketBeat.com, PayPal has a consensus rating of “Buy” and a consensus price target of $152.83.

PayPal stock traded up $0.30 during mid-day trading on Thursday, reaching $80.42. The company’s stock had a trading volume of 21,658,536 shares, compared to its average volume of 20,908,631. The company has a market capitalization of $93.13 billion, a price-to-earnings ratio of 26.54, a price-to-earnings-growth ratio of 1.73 and a beta of 1.39. PayPal Holdings, Inc. has a 12 month low of $71.83 and a 12 month high of $310.16. The business’s 50 day simple moving average is $96.84 and its 200 day simple moving average is $137.73. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.19 and a current ratio of 1.19.

PayPal (NASDAQ:PYPLGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The credit services provider reported $0.88 EPS for the quarter, meeting analysts’ consensus estimates of $0.88. PayPal had a net margin of 13.87% and a return on equity of 17.90%. During the same period in the prior year, the firm posted $0.91 earnings per share. As a group, sell-side analysts expect that PayPal Holdings, Inc. will post 2.7 EPS for the current year.

In related news, Director Enrique Lores bought 1,100 shares of PayPal stock in a transaction that occurred on Wednesday, May 4th. The stock was acquired at an average price of $88.13 per share, with a total value of $96,943.00. Following the acquisition, the director now owns 5,235 shares of the company’s stock, valued at approximately $461,360.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Peggy Alford sold 14,767 shares of PayPal stock in a transaction dated Friday, May 6th. The stock was sold at an average price of $85.32, for a total transaction of $1,259,920.44. Following the sale, the executive vice president now directly owns 39,891 shares of the company’s stock, valued at approximately $3,403,500.12. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

About PayPal (Get Rating)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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