Barlow Wealth Partners Inc. Raises Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Barlow Wealth Partners Inc. lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,217 shares of the credit services provider’s stock after acquiring an additional 2,178 shares during the quarter. Barlow Wealth Partners Inc.’s holdings in PayPal were worth $12,779,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brown Financial Advisors bought a new position in PayPal in the second quarter worth about $1,454,000. Cape Cod Five Cents Savings Bank purchased a new stake in PayPal in the 2nd quarter worth approximately $3,014,000. Distillate Capital Partners LLC boosted its position in PayPal by 156,934.7% in the 2nd quarter. Distillate Capital Partners LLC now owns 343,906 shares of the credit services provider’s stock worth $19,957,000 after purchasing an additional 343,687 shares in the last quarter. Fiduciary Alliance LLC boosted its position in PayPal by 604.7% in the 1st quarter. Fiduciary Alliance LLC now owns 53,076 shares of the credit services provider’s stock worth $3,452,000 after purchasing an additional 45,544 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its position in PayPal by 44.6% in the 1st quarter. 1832 Asset Management L.P. now owns 1,235 shares of the credit services provider’s stock worth $83,000 after purchasing an additional 381 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PYPL. Jefferies Financial Group reduced their target price on PayPal from $70.00 to $65.00 in a research note on Monday, July 29th. JPMorgan Chase & Co. raised their target price on PayPal from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. TD Cowen increased their price target on PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Daiwa America upgraded PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $69.00 target price on shares of PayPal in a report on Thursday, September 19th. Seventeen analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $76.41.

PayPal Stock Performance

PYPL traded up $0.77 during trading on Wednesday, hitting $81.93. 928,288 shares of the stock were exchanged, compared to its average volume of 13,851,703. The firm has a market capitalization of $85.70 billion, a P/E ratio of 20.44, a PEG ratio of 1.41 and a beta of 1.44. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $81.94. The stock has a fifty day moving average price of $71.46 and a two-hundred day moving average price of $65.82. 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) last announced its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating 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 company had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.82 billion. During the same period last year, the business posted $0.83 EPS. The company’s revenue was up 8.2% on a year-over-year basis. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.42 earnings per share for the current 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.