Worth Asset Management LLC Acquires 183 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Worth Asset Management LLC grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 24.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 935 shares of the credit services provider’s stock after purchasing an additional 183 shares during the quarter. Worth Asset Management LLC’s holdings in PayPal were worth $62,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PYPL. Bryn Mawr Capital Management LLC boosted its stake in shares of PayPal by 1.2% during the 1st quarter. Bryn Mawr Capital Management LLC now owns 11,072 shares of the credit services provider’s stock worth $841,000 after purchasing an additional 135 shares during the last quarter. Vestcor Inc boosted its stake in shares of PayPal by 0.5% during the 4th quarter. Vestcor Inc now owns 26,063 shares of the credit services provider’s stock worth $1,856,000 after purchasing an additional 140 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its stake in shares of PayPal by 1.0% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 15,056 shares of the credit services provider’s stock worth $1,072,000 after purchasing an additional 143 shares during the last quarter. West Oak Capital LLC boosted its stake in shares of PayPal by 26.1% during the 1st quarter. West Oak Capital LLC now owns 700 shares of the credit services provider’s stock worth $53,000 after purchasing an additional 145 shares during the last quarter. Finally, Oxford Financial Group Ltd. boosted its stake in shares of PayPal by 4.9% during the 1st quarter. Oxford Financial Group Ltd. now owns 3,196 shares of the credit services provider’s stock worth $370,000 after purchasing an additional 150 shares during the last quarter. 68.42% of the stock is owned by hedge funds and other institutional investors.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $62.94 on Tuesday. PayPal Holdings, Inc. has a fifty-two week low of $57.29 and a fifty-two week high of $95.64. The firm’s 50-day simple moving average is $66.04 and its 200 day simple moving average is $68.34. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.54. The stock has a market cap of $69.11 billion, a P/E ratio of 17.58, a P/E/G ratio of 0.97 and a beta of 1.34.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, August 2nd. The credit services provider reported $1.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.16. PayPal had a net margin of 14.27% and a return on equity of 20.31%. The business had revenue of $7.29 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the previous year, the business earned $0.65 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. Equities analysts expect that PayPal Holdings, Inc. will post 3.81 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Sanford C. Bernstein decreased their price target on shares of PayPal from $85.00 to $70.00 in a research note on Monday, May 22nd. BTIG Research increased their price objective on shares of PayPal from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 25th. Moffett Nathanson reiterated a “market perform” rating and set a $75.00 price objective on shares of PayPal in a report on Monday. Piper Sandler cut their price target on shares of PayPal from $80.00 to $77.00 and set a “neutral” rating on the stock in a report on Thursday, August 3rd. Finally, Atlantic Securities lowered shares of PayPal from an “overweight” rating to a “neutral” rating and set a $72.00 price target on the stock. in a report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $91.48.

About PayPal

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 150 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.