MRP Capital Investments LLC Has $874,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

MRP Capital Investments LLC increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,055 shares of the credit services provider’s stock after purchasing an additional 210 shares during the quarter. MRP Capital Investments LLC’s holdings in PayPal were worth $874,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PYPL. Gryphon Financial Partners LLC grew its position in PayPal by 36.2% during the 4th quarter. Gryphon Financial Partners LLC now owns 9,659 shares of the credit services provider’s stock worth $593,000 after acquiring an additional 2,569 shares during the last quarter. Gladstone Institutional Advisory LLC increased its stake in shares of PayPal by 36.4% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 16,579 shares of the credit services provider’s stock valued at $1,018,000 after buying an additional 4,426 shares during the period. Balentine LLC acquired a new position in shares of PayPal in the fourth quarter valued at approximately $266,000. Sachetta LLC bought a new position in PayPal in the 4th quarter valued at approximately $60,000. Finally, Franklin Resources Inc. boosted its position in PayPal by 198.4% during the 4th quarter. Franklin Resources Inc. now owns 429,954 shares of the credit services provider’s stock worth $26,403,000 after buying an additional 285,847 shares during the period. Institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

PYPL has been the subject of several analyst reports. Monness Crespi & Hardt raised their price target on shares of PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, July 29th. William Blair raised PayPal to a “hold” rating in a research report on Tuesday, July 30th. New Street Research started coverage on PayPal in a research report on Friday, May 31st. They issued a “buy” rating and a $80.00 price target on the stock. TD Cowen raised their price objective on PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Finally, Argus upgraded PayPal from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Seventeen research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $75.58.

PayPal Trading Up 1.9 %

NASDAQ PYPL opened at $73.12 on Thursday. The stock has a market capitalization of $76.49 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.00 and a beta of 1.43. The business’s fifty day moving average is $66.33 and its 200-day moving average is $64.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $74.40.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. The firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 EPS. Equities research analysts predict 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.