Marshall Financial Group LLC Makes New Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Marshall Financial Group LLC purchased a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,256 shares of the credit services provider’s stock, valued at approximately $254,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. grew its position in PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after buying an additional 172 shares during the last quarter. American National Bank acquired a new position in PayPal in the first quarter worth approximately $27,000. Family Firm Inc. acquired a new position in PayPal in the second quarter worth approximately $29,000. SYSTM Wealth Solutions LLC grew its position in PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after buying an additional 167 shares during the last quarter. Finally, Register Financial Advisors LLC acquired a new position in PayPal in the first quarter worth approximately $30,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on PYPL. William Blair upgraded shares of PayPal to a “hold” rating in a research report on Tuesday, July 30th. Argus upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Robert W. Baird lifted their price objective on shares of PayPal from $77.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of PayPal from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Sixteen investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.03.

PayPal Stock Performance

Shares of PYPL opened at $80.94 on Friday. The company has a market capitalization of $82.75 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 1.47 and a beta of 1.44. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $82.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. The company’s fifty day moving average price is $74.16 and its 200 day moving average price is $66.61.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate 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 quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 EPS. As a group, analysts expect 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.