Rathbones Group PLC Acquires 7,881 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Rathbones Group PLC grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 275,987 shares of the credit services provider’s stock after purchasing an additional 7,881 shares during the period. Rathbones Group PLC’s holdings in PayPal were worth $16,016,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in PYPL. Pittenger & Anderson Inc. raised its position in shares of PayPal by 77.5% during the 1st 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 in the last quarter. American National Bank purchased a new position in PayPal during the 1st quarter valued at about $27,000. Family Firm Inc. purchased a new position in PayPal during the 2nd quarter valued at about $29,000. Register Financial Advisors LLC purchased a new position in PayPal during the 1st quarter valued at about $30,000. Finally, Tortoise Investment Management LLC raised its holdings in PayPal by 930.0% in the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after buying an additional 465 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Down 0.4 %

Shares of PayPal stock opened at $70.10 on Monday. The stock has a 50-day moving average price of $65.55 and a 200 day moving average price of $63.95. The company has a market cap of $71.67 billion, a P/E ratio of 17.66, a P/E/G ratio of 0.99 and a beta of 1.43. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $74.40.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The company had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same period in the prior year, the firm posted $0.83 EPS. The business’s revenue was up 8.2% compared to the same quarter last year. As a group, analysts expect that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PYPL shares. Mizuho reissued an “outperform” rating and set a $90.00 price objective on shares of PayPal in a report on Tuesday, August 20th. JPMorgan Chase & Co. upped their price target on shares of PayPal from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Daiwa Capital Markets upgraded shares of PayPal from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $68.00 to $72.00 in a report on Friday, August 9th. Barclays lifted their price objective on shares of PayPal from $81.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, Daiwa America upgraded shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. Eighteen research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.56.

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.