Global Retirement Partners LLC Grows Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Global Retirement Partners LLC lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 17.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,285 shares of the credit services provider’s stock after purchasing an additional 1,232 shares during the period. Global Retirement Partners LLC’s holdings in PayPal were worth $646,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

PYPL has been the subject of a number of research analyst reports. Stephens lifted their price target on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday. The Goldman Sachs Group boosted their price objective on PayPal from $69.00 to $79.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Macquarie increased their price target on shares of PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Jefferies Financial Group lowered their price target on PayPal from $70.00 to $65.00 in a report on Monday, July 29th. Finally, Wells Fargo & Company raised their target price on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday. Sixteen research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and an average target price of $78.03.

PayPal Trading Up 1.4 %

NASDAQ PYPL opened at $80.94 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $82.00. The company’s 50 day moving average price is $74.16 and its 200 day moving average price is $66.63. The firm has a market capitalization of $84.67 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 1.47 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. The business 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 business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 earnings per share. On average, sell-side 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.