Delap Wealth Advisory LLC Increases Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Delap Wealth Advisory LLC increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 18.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,660 shares of the credit services provider’s stock after purchasing an additional 1,198 shares during the quarter. Delap Wealth Advisory LLC’s holdings in PayPal were worth $445,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Gryphon Financial Partners LLC boosted its position in PayPal by 36.2% in the fourth quarter. Gryphon Financial Partners LLC now owns 9,659 shares of the credit services provider’s stock worth $593,000 after purchasing an additional 2,569 shares during the last quarter. Franklin Resources Inc. increased its holdings in PayPal by 198.4% during the fourth 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 last quarter. SageView Advisory Group LLC purchased a new stake in PayPal during the fourth quarter worth about $294,000. Team Hewins LLC purchased a new position in PayPal in the fourth quarter valued at about $384,000. Finally, HCR Wealth Advisors grew its position in shares of PayPal by 26.8% during the 4th quarter. HCR Wealth Advisors now owns 5,524 shares of the credit services provider’s stock valued at $339,000 after acquiring an additional 1,168 shares during the period. 68.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of research reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $69.00 price target on shares of PayPal in a report on Thursday. UBS Group upped their price target on PayPal from $71.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Argus upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. TD Cowen boosted their price objective on PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Finally, Daiwa America upgraded shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Seventeen research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $75.58.

PayPal Stock Performance

Shares of NASDAQ PYPL opened at $76.76 on Friday. The stock has a market cap of $78.47 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 1.01 and a beta of 1.43. The stock’s 50-day moving average is $67.01 and its 200 day moving average is $64.42. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $78.25.

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