Family Firm Inc. Acquires Shares of 492 PayPal Holdings, Inc. (NASDAQ:PYPL)

Family Firm Inc. bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the second quarter, HoldingsChannel reports. The institutional investor bought 492 shares of the credit services provider’s stock, valued at approximately $29,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PYPL. Pittenger & Anderson Inc. boosted its stake in PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 172 shares in the last quarter. Verity Asset Management Inc. lifted its position in PayPal by 1.9% during the 1st quarter. Verity Asset Management Inc. now owns 9,708 shares of the credit services provider’s stock worth $650,000 after acquiring an additional 181 shares during the period. Indiana Trust & Investment Management CO grew its stake in PayPal by 18.6% during the 1st quarter. Indiana Trust & Investment Management CO now owns 1,175 shares of the credit services provider’s stock valued at $79,000 after purchasing an additional 184 shares during the last quarter. CarsonAllaria Wealth Management Ltd. increased its holdings in shares of PayPal by 65.8% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 185 shares during the period. Finally, Griffin Asset Management Inc. raised its stake in shares of PayPal by 4.2% in the second quarter. Griffin Asset Management Inc. now owns 4,931 shares of the credit services provider’s stock worth $286,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PYPL. UBS Group increased their price target on shares of PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Argus upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $78.00 price objective on shares of PayPal in a report on Thursday, July 11th. Citigroup upped their target price on PayPal from $79.00 to $81.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Finally, Macquarie lifted their price target on shares of PayPal from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Seventeen 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 company’s stock. Based on data from MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and a consensus price target of $75.56.

PayPal Stock Up 0.3 %

NASDAQ:PYPL traded up $0.18 during mid-day trading on Friday, hitting $71.70. The stock had a trading volume of 8,210,299 shares, compared to its average volume of 14,432,003. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $73.25. The stock has a 50-day simple moving average of $62.00 and a two-hundred day simple moving average of $62.68. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $73.30 billion, a PE ratio of 18.06, a PEG ratio of 0.97 and a beta of 1.42.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. The business had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The company’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the business earned $0.83 EPS. On average, equities research analysts anticipate 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.