Marble Harbor Investment Counsel LLC Has $9.50 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Marble Harbor Investment Counsel LLC lessened its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.7% during the second quarter, Holdings Channel reports. The institutional investor owned 163,783 shares of the credit services provider’s stock after selling 1,105 shares during the quarter. PayPal comprises approximately 1.1% of Marble Harbor Investment Counsel LLC’s portfolio, making the stock its 27th largest holding. Marble Harbor Investment Counsel LLC’s holdings in PayPal were worth $9,504,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PYPL. Rathbones Group PLC grew its stake in shares of PayPal by 2.9% during the 2nd quarter. Rathbones Group PLC now owns 275,987 shares of the credit services provider’s stock worth $16,016,000 after acquiring an additional 7,881 shares in the last quarter. Plato Investment Management Ltd grew its position in PayPal by 1.8% in the second quarter. Plato Investment Management Ltd now owns 30,718 shares of the credit services provider’s stock valued at $1,783,000 after purchasing an additional 556 shares in the last quarter. J.W. Cole Advisors Inc. increased its stake in PayPal by 36.2% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 6,357 shares of the credit services provider’s stock valued at $369,000 after buying an additional 1,690 shares during the last quarter. Prosperity Consulting Group LLC lifted its position in PayPal by 1.0% during the 2nd quarter. Prosperity Consulting Group LLC now owns 39,100 shares of the credit services provider’s stock worth $2,269,000 after buying an additional 387 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of PayPal by 46.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 105,443 shares of the credit services provider’s stock worth $6,119,000 after buying an additional 33,447 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Daiwa America upgraded PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. Robert W. Baird raised their target price on shares of PayPal from $77.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $84.00 price target on shares of PayPal in a research report on Wednesday, July 31st. Evercore ISI lifted their price objective on shares of PayPal from $65.00 to $70.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. Finally, BMO Capital Markets upped their target price on shares of PayPal from $65.00 to $72.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Eighteen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.56.

PayPal Stock Down 0.4 %

PYPL stock opened at $70.10 on Monday. The company has a market cap of $71.67 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 0.99 and a beta of 1.43. 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 Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $74.40. The business has a 50-day simple moving average of $65.55 and a 200 day simple moving average of $63.95.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $0.99 by $0.20. The company had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 EPS. Sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal 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.