Northstar Group Inc. raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 3.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,978 shares of the credit services provider’s stock after purchasing an additional 1,469 shares during the period. Northstar Group Inc.’s holdings in PayPal were worth $3,432,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Pittenger & Anderson Inc. grew its stake in PayPal by 77.5% during the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after buying an additional 172 shares in the last quarter. American National Bank bought a new position in PayPal in the first quarter valued at approximately $27,000. Family Firm Inc. acquired a new position in PayPal during the second quarter valued at approximately $29,000. SYSTM Wealth Solutions LLC lifted its stake in PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares during the last quarter. Finally, Register Financial Advisors LLC bought a new stake in PayPal during the first quarter worth $30,000. Institutional investors and hedge funds own 68.32% of the company’s stock.
Analyst Upgrades and Downgrades
PYPL has been the subject of several recent analyst reports. Macquarie upped their price objective on PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Monness Crespi & Hardt lifted their price target on shares of PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a report on Monday, July 29th. Daiwa America upgraded shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Evercore ISI raised their price target on shares of PayPal from $65.00 to $70.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. Finally, Mizuho reissued an “outperform” rating and issued a $90.00 price objective on shares of PayPal in a research note on Tuesday, August 20th. Seventeen 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $76.47.
PayPal Stock Down 2.9 %
PYPL stock traded down $2.37 during trading on Thursday, reaching $79.28. The stock had a trading volume of 2,229,030 shares, compared to its average volume of 13,820,987. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $82.00. The company’s 50 day moving average is $71.78 and its two-hundred day moving average is $65.93. The company has a market capitalization of $82.93 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 1.41 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 – Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping 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 analysts’ expectations of $7.82 billion. During the same quarter in the previous year, the firm earned $0.83 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. Equities research analysts forecast that PayPal Holdings, Inc. will post 4.42 EPS for the current year.
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.
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