United Bank Has $826,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

United Bank grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,675 shares of the credit services provider’s stock after buying an additional 734 shares during the quarter. United Bank’s holdings in PayPal were worth $826,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PYPL. Norges Bank acquired a new position in shares of PayPal during the fourth quarter valued at about $1,086,508,000. Artisan Partners Limited Partnership raised its stake in PayPal by 284.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider’s stock valued at $666,100,000 after acquiring an additional 5,772,198 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of PayPal by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,615,476 shares of the credit services provider’s stock worth $564,631,000 after acquiring an additional 84,337 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of PayPal in the third quarter worth about $387,435,000. Finally, Robeco Institutional Asset Management B.V. grew its position in PayPal by 174.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock worth $361,316,000 after buying an additional 2,689,162 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PYPL has been the subject of several analyst reports. DZ Bank upgraded shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Friday, February 28th. BTIG Research reissued a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods increased their price objective on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Finally, StockNews.com lowered PayPal from a “buy” rating to a “hold” rating in a research note on Saturday. Sixteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and a consensus target price of $90.03.

PayPal Stock Performance

PayPal stock opened at $65.15 on Friday. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The stock’s 50 day moving average price is $76.28 and its 200 day moving average price is $80.82. 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 has a market capitalization of $64.45 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same period in the prior year, the business earned $1.48 EPS. The firm’s revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the sale, the director now owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by company insiders.

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.