Harrington Investments INC Has $2.44 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Harrington Investments INC raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,304 shares of the credit services provider’s stock after buying an additional 960 shares during the period. PayPal comprises about 1.3% of Harrington Investments INC’s investment portfolio, making the stock its 27th biggest holding. Harrington Investments INC’s holdings in PayPal were worth $2,443,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Bruce G. Allen Investments LLC boosted its holdings in shares of PayPal by 7.4% in the third quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after buying an additional 124 shares during the period. Ritholtz Wealth Management boosted its holdings in shares of PayPal by 3.3% in the third quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock valued at $369,000 after buying an additional 152 shares during the period. SYSTM Wealth Solutions LLC boosted its holdings in shares of PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after buying an additional 167 shares during the period. Pittenger & Anderson Inc. boosted its holdings in shares of PayPal by 77.5% in the first 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 period. Finally, Verity Asset Management Inc. boosted its holdings in shares of PayPal by 1.9% in the first quarter. Verity Asset Management Inc. now owns 9,708 shares of the credit services provider’s stock valued at $650,000 after buying an additional 181 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PYPL shares. Keefe, Bruyette & Woods restated an “outperform” rating and set a $78.00 target price on shares of PayPal in a report on Wednesday, September 18th. Wells Fargo & Company increased their target price on shares of PayPal from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Macquarie increased their target price on shares of PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. UBS Group increased their target price on shares of PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, Monness Crespi & Hardt increased their target price on shares of PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Seventeen equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, PayPal has a consensus rating of “Moderate Buy” and an average target price of $77.35.

PayPal Price Performance

NASDAQ:PYPL opened at $80.67 on Tuesday. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $82.00. The firm has a market cap of $84.38 billion, a price-to-earnings ratio of 20.32, a P/E/G ratio of 1.49 and a beta of 1.44. The firm’s 50-day simple moving average is $72.82 and its 200 day simple moving average is $66.22. 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 (NASDAQ:PYPL) last announced 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 firm had revenue of $7.89 billion for 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 revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.83 earnings per share. As a group, sell-side 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.