Gulf International Bank UK Ltd Has $6.54 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Gulf International Bank UK Ltd reduced its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,668 shares of the credit services provider’s stock after selling 873 shares during the quarter. Gulf International Bank UK Ltd’s holdings in PayPal were worth $6,543,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PYPL. Relyea Zuckerberg Hanson LLC lifted its position in shares of PayPal by 113.8% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after buying an additional 3,976 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of PayPal in the third quarter worth $387,435,000. United Advisor Group LLC purchased a new stake in shares of PayPal in the third quarter worth $810,000. Equity Investment Corp increased its stake in PayPal by 3.5% in the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after acquiring an additional 67,497 shares during the last quarter. Finally, Weil Company Inc. increased its stake in PayPal by 68.9% in the third quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock valued at $3,253,000 after acquiring an additional 17,003 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Down 2.7 %

PYPL opened at $72.05 on Thursday. The stock has a market cap of $71.27 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The firm’s fifty day moving average is $84.25 and its 200 day moving average is $80.96.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. The business had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.48 EPS. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Robert W. Baird reduced their price objective on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods raised their price objective on shares of PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Piper Sandler raised their price objective on shares of PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Macquarie raised their price objective on shares of PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Wednesday. Fourteen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.55.

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.