Beese Fulmer Investment Management Inc. raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 0.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 76,674 shares of the credit services provider’s stock after acquiring an additional 225 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in PayPal were worth $5,116,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the business. FNY Investment Advisers LLC raised its holdings in PayPal by 73.1% in the 2nd quarter. FNY Investment Advisers LLC now owns 5,050 shares of the credit services provider’s stock valued at $336,000 after acquiring an additional 2,133 shares during the last quarter. Capital Investment Services of America Inc. raised its holdings in PayPal by 2.1% in the 2nd quarter. Capital Investment Services of America Inc. now owns 217,022 shares of the credit services provider’s stock valued at $14,482,000 after acquiring an additional 4,549 shares during the last quarter. Brookstone Capital Management raised its holdings in PayPal by 41.6% in the 2nd quarter. Brookstone Capital Management now owns 71,228 shares of the credit services provider’s stock valued at $4,757,000 after acquiring an additional 20,909 shares during the last quarter. Gradient Investments LLC increased its holdings in shares of PayPal by 18.9% during the 2nd quarter. Gradient Investments LLC now owns 271,329 shares of the credit services provider’s stock worth $18,106,000 after buying an additional 43,098 shares during the last quarter. Finally, Curated Wealth Partners LLC increased its holdings in shares of PayPal by 5.2% during the 2nd quarter. Curated Wealth Partners LLC now owns 3,683 shares of the credit services provider’s stock worth $246,000 after buying an additional 182 shares during the last quarter. Institutional investors and hedge funds own 68.42% of the company’s stock.
PayPal Stock Down 0.4 %
Shares of PayPal stock traded down $0.23 during trading on Friday, hitting $64.21. 21,843,532 shares of the stock were exchanged, compared to its average volume of 12,513,100. The stock has a market cap of $70.51 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 0.97 and a beta of 1.34. The firm’s 50-day moving average price is $66.04 and its 200 day moving average price is $68.38. PayPal Holdings, Inc. has a 12-month low of $57.29 and a 12-month high of $95.64. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.30 and a quick ratio of 1.30.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. Jefferies Financial Group raised their price target on shares of PayPal from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Monday, July 24th. Credit Suisse Group restated a “neutral” rating and set a $80.00 price target on shares of PayPal in a report on Monday, July 24th. Atlantic Securities downgraded shares of PayPal from an “overweight” rating to a “neutral” rating and set a $72.00 price target for the company. in a report on Tuesday, June 13th. Truist Financial raised their price target on shares of PayPal from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Finally, Morgan Stanley lowered their price objective on shares of PayPal from $133.00 to $126.00 and set an “overweight” rating for the company in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.03.
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.
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