Citizens & Northern Corp Purchases 552 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Citizens & Northern Corp grew its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,241 shares of the credit services provider’s stock after acquiring an additional 552 shares during the quarter. Citizens & Northern Corp’s holdings in PayPal were worth $710,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Norges Bank bought a new position in PayPal in the fourth quarter valued at $749,561,000. The Manufacturers Life Insurance Company boosted its position in PayPal by 125.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,724,188 shares of the credit services provider’s stock valued at $105,882,000 after purchasing an additional 958,130 shares during the last quarter. Clearbridge Investments LLC grew its stake in PayPal by 15.8% in the first quarter. Clearbridge Investments LLC now owns 6,644,317 shares of the credit services provider’s stock valued at $445,103,000 after purchasing an additional 904,804 shares in the last quarter. Boston Partners increased its position in shares of PayPal by 4,024.5% during the 4th quarter. Boston Partners now owns 783,248 shares of the credit services provider’s stock worth $48,099,000 after purchasing an additional 764,258 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its stake in shares of PayPal by 1,309.2% during the 4th quarter. Panagora Asset Management Inc. now owns 800,648 shares of the credit services provider’s stock worth $49,168,000 after purchasing an additional 743,833 shares in the last quarter. 68.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PYPL shares. TD Cowen raised their target price on shares of PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Wells Fargo & Company lifted their price objective on shares of PayPal from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Daiwa America raised shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $69.00 target price on shares of PayPal in a research note on Monday, June 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $84.00 price target on shares of PayPal in a research report on Wednesday, July 31st. Eighteen investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $75.56.

PayPal Stock Down 1.0 %

Shares of NASDAQ:PYPL opened at $72.43 on Friday. The firm has a market cap of $74.05 billion, a P/E ratio of 18.24, a P/E/G ratio of 1.03 and a beta of 1.42. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $73.93. The business has a fifty day simple moving average of $63.21 and a 200 day simple moving average of $63.11. 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 issued its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. The company had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company earned $0.83 earnings per share. 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.