Burns J W & Co. Inc. NY Takes Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Burns J W & Co. Inc. NY bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,707 shares of the credit services provider’s stock, valued at approximately $211,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Pittenger & Anderson Inc. raised its stake in shares of PayPal by 77.5% during 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 during the last quarter. American National Bank purchased a new position in PayPal during the first quarter valued at approximately $27,000. Register Financial Advisors LLC acquired a new position in PayPal in the first quarter valued at approximately $30,000. CarsonAllaria Wealth Management Ltd. boosted 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 worth $31,000 after purchasing an additional 185 shares in the last quarter. Finally, Family Firm Inc. acquired a new stake in shares of PayPal during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on PYPL shares. StockNews.com lowered shares of PayPal from a “buy” rating to a “hold” rating in a research note on Thursday, September 19th. Argus upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group reiterated a “neutral” rating and set a $69.00 target price on shares of PayPal in a research report on Thursday, September 19th. Monness Crespi & Hardt boosted their price target on shares of PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $78.00 price objective on shares of PayPal in a report on Wednesday, September 18th. Seventeen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $76.41.

PayPal Price Performance

Shares of PYPL opened at $79.36 on Friday. The company has a market cap of $81.13 billion, a P/E ratio of 19.99, a PEG ratio of 1.41 and a beta of 1.44. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $80.63. 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 firm’s 50 day moving average price is $70.69 and its 200 day moving average price is $65.60.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $0.99 by $0.20. The firm had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. PayPal’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 EPS. On average, research analysts forecast 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.