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

UMB Bank n.a. increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.1% during the 3rd quarter, Holdings Channel reports. The fund owned 17,904 shares of the credit services provider’s stock after purchasing an additional 698 shares during the quarter. UMB Bank n.a.’s holdings in PayPal were worth $1,397,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Legal & General Group Plc grew its holdings in PayPal by 3.3% during the second quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider’s stock worth $501,184,000 after acquiring an additional 276,287 shares during the period. Clearbridge Investments LLC grew its holdings in PayPal by 28.1% during the second quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock worth $493,907,000 after acquiring an additional 1,866,925 shares during the period. Primecap Management Co. CA grew its holdings in PayPal by 180.7% in the second quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock valued at $287,043,000 after purchasing an additional 3,184,160 shares during the period. Dimensional Fund Advisors LP increased its position in shares of PayPal by 14.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,166,795 shares of the credit services provider’s stock valued at $183,789,000 after buying an additional 409,322 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of PayPal by 5.1% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,046,502 shares of the credit services provider’s stock valued at $176,789,000 after buying an additional 146,643 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Oppenheimer assumed coverage on PayPal in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. Royal Bank of Canada restated an “outperform” rating and issued a $84.00 price objective on shares of PayPal in a research report on Wednesday, July 31st. Daiwa America upgraded PayPal from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. TD Cowen boosted their price objective on PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Finally, Barclays boosted their price objective on PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Seventeen equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.47.

PayPal Stock Performance

Shares of PayPal stock opened at $80.51 on Friday. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $82.00. The business’s fifty day simple moving average is $72.05 and its 200-day simple moving average is $66.02. The firm has a market cap of $82.31 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 1.49 and a beta of 1.44. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The business had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same quarter in the prior year, the company posted $0.83 EPS. The company’s quarterly revenue was up 8.2% on a year-over-year basis. Equities analysts forecast that PayPal Holdings, Inc. will post 4.42 earnings per share for the current 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.