PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Holdings Boosted by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 8.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 14,807 shares of the credit services provider’s stock after acquiring an additional 1,169 shares during the period. Harbor Investment Advisory LLC’s holdings in PayPal were worth $1,155,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Pittenger & Anderson Inc. grew its position in PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after buying an additional 172 shares in the last quarter. American National Bank bought a new position in PayPal in the 1st quarter valued at about $27,000. Register Financial Advisors LLC bought a new position in PayPal in the 1st quarter valued at about $30,000. CarsonAllaria Wealth Management Ltd. grew its position in PayPal by 65.8% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock valued at $31,000 after buying an additional 185 shares in the last quarter. Finally, Family Firm Inc. bought a new position in PayPal in the 2nd quarter valued at about $29,000. Institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Citigroup increased their target price on shares of PayPal from $79.00 to $81.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Argus upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Jefferies Financial Group reduced their price objective on shares of PayPal from $70.00 to $65.00 in a research report on Monday, July 29th. Royal Bank of Canada restated an “outperform” rating and set a $84.00 price objective on shares of PayPal in a research report on Wednesday, July 31st. Finally, Barclays raised their price objective on shares of PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Seventeen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, PayPal has an average rating of “Moderate Buy” and a consensus price target of $76.41.

PayPal Price Performance

NASDAQ PYPL opened at $79.36 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $81.13 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 1.41 and a beta of 1.44. The company has a 50 day moving average price of $70.69 and a two-hundred day moving average price of $65.60. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $80.63.

PayPal (NASDAQ:PYPL) last posted its earnings results 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 firm had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the previous year, the company earned $0.83 earnings per share. The company’s revenue was up 8.2% compared to the same quarter last year. As a group, equities analysts predict that PayPal Holdings, Inc. will post 4.42 earnings per share for the current fiscal year.

PayPal 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.