HBW Advisory Services LLC Buys 3,915 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

HBW Advisory Services LLC lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 8.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,655 shares of the credit services provider’s stock after purchasing an additional 3,915 shares during the period. HBW Advisory Services LLC’s holdings in PayPal were worth $3,447,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PYPL. Resurgent Financial Advisors LLC bought a new stake in shares of PayPal during the 4th quarter worth approximately $29,000. Lauer Wealth LLC bought a new stake in shares of PayPal during the 1st quarter worth approximately $31,000. Corrado Advisors LLC bought a new stake in shares of PayPal during the 4th quarter worth approximately $32,000. Dakota Community Bank & Trust NA raised its stake in PayPal by 168.8% in the 1st quarter. Dakota Community Bank & Trust NA now owns 422 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 265 shares during the period. Finally, ZRC Wealth Management LLC bought a new stake in PayPal in the 1st quarter valued at $32,000. Institutional investors own 68.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PYPL. Truist Financial increased their price target on PayPal from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Piper Sandler reduced their target price on PayPal from $80.00 to $77.00 and set a “neutral” rating on the stock in a report on Thursday, August 3rd. Barclays reduced their target price on PayPal from $92.00 to $88.00 and set an “overweight” rating on the stock in a report on Friday, August 4th. Atlantic Securities lowered PayPal from an “overweight” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a research note on Tuesday, June 13th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $80.00 price objective on shares of PayPal in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and an average target price of $92.03.

PayPal Trading Up 2.5 %

PYPL stock traded up $1.55 during mid-day trading on Thursday, reaching $64.39. The company’s stock had a trading volume of 5,524,058 shares, compared to its average volume of 15,237,946. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.54. PayPal Holdings, Inc. has a 12 month low of $57.29 and a 12 month high of $98.98. The business’s 50 day moving average price is $66.12 and its 200 day moving average price is $68.51. The company has a market cap of $70.70 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 0.93 and a beta of 1.34.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, August 2nd. The credit services provider reported $1.16 EPS for the quarter, meeting analysts’ consensus estimates of $1.16. PayPal had a return on equity of 20.31% and a net margin of 14.27%. The firm had revenue of $7.29 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter last year, the firm posted $0.65 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities research analysts predict that PayPal Holdings, Inc. will post 3.81 EPS for the current year.

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.