PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Roberts Wealth Advisors LLC

Roberts Wealth Advisors LLC grew its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 18.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 37,191 shares of the credit services provider’s stock after buying an additional 5,899 shares during the quarter. Roberts Wealth Advisors LLC’s holdings in PayPal were worth $2,482,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Moneta Group Investment Advisors LLC increased its holdings in shares of PayPal by 110,462.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 17,136,071 shares of the credit services provider’s stock valued at $1,220,431,000 after acquiring an additional 17,120,572 shares during the period. Norges Bank purchased a new stake in PayPal in the 4th quarter valued at approximately $1,022,333,000. Alliancebernstein L.P. lifted its holdings in shares of PayPal by 51.1% in the 4th quarter. Alliancebernstein L.P. now owns 17,133,910 shares of the credit services provider’s stock valued at $1,220,277,000 after buying an additional 5,794,620 shares during the period. Renaissance Technologies LLC purchased a new position in shares of PayPal in the 4th quarter valued at about $319,712,000. Finally, Clearbridge Investments LLC boosted its stake in shares of PayPal by 122.0% during the 1st quarter. Clearbridge Investments LLC now owns 6,230,481 shares of the credit services provider’s stock worth $720,555,000 after acquiring an additional 3,424,122 shares in the last quarter. 68.42% of the stock is owned by hedge funds and other institutional investors.

PayPal Price Performance

Shares of NASDAQ:PYPL traded down $1.21 during midday trading on Tuesday, hitting $61.73. The company’s stock had a trading volume of 1,828,174 shares, compared to its average volume of 15,243,311. The company has a market cap of $67.78 billion, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 0.97 and a beta of 1.34. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.30 and a current ratio of 1.30. PayPal Holdings, Inc. has a 12-month low of $57.29 and a 12-month high of $95.64. The business’s 50 day simple moving average is $66.04 and its 200 day simple moving average is $68.34.

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

Wall Street Analysts Forecast Growth

PYPL has been the subject of several research reports. Wedbush restated an “outperform” rating and set a $85.00 price objective on shares of PayPal in a research report on Thursday, August 3rd. Credit Suisse Group restated a “neutral” rating and set a $80.00 price objective on shares of PayPal in a report on Monday, July 24th. Barclays dropped their price objective on shares of PayPal from $92.00 to $88.00 and set an “overweight” rating for the company in a research report on Friday, August 4th. StockNews.com initiated coverage on shares of PayPal in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Piper Sandler reduced their price objective on PayPal from $80.00 to $77.00 and set a “neutral” rating for the company in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.48.

PayPal Company Profile

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.