PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by UMB Bank n.a.

UMB Bank n.a. grew its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 204.5% during the fourth quarter, Holdings Channel reports. The firm owned 54,518 shares of the credit services provider’s stock after acquiring an additional 36,614 shares during the quarter. UMB Bank n.a.’s holdings in PayPal were worth $4,653,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of PYPL. Bruce G. Allen Investments LLC boosted its position in PayPal by 7.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after purchasing an additional 124 shares during the period. Rosenberg Matthew Hamilton boosted its holdings in shares of PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 125 shares during the period. Wynn Capital LLC grew its position in shares of PayPal by 1.1% during the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock worth $983,000 after acquiring an additional 130 shares during the last quarter. Brave Asset Management Inc. increased its holdings in shares of PayPal by 5.2% in the 4th quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider’s stock worth $241,000 after acquiring an additional 141 shares during the period. Finally, First United Bank & Trust lifted its position in PayPal by 6.4% in the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock valued at $187,000 after purchasing an additional 145 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on PYPL shares. Canaccord Genuity Group raised their price target on shares of PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and raised their target price for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Robert W. Baird lifted their target price on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Barclays lifted their price objective on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.32.

PayPal Stock Performance

Shares of PayPal stock opened at $91.81 on Tuesday. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock has a market cap of $92.04 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 1.42 and a beta of 1.44. The business has a fifty day simple moving average of $87.40 and a 200-day simple moving average of $76.97.

PayPal (NASDAQ:PYPL) last released 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 company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.97 EPS. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

About PayPal

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.