Barlow Wealth Partners Inc. Boosts Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Barlow Wealth Partners Inc. boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.0% during the fourth quarter, HoldingsChannel reports. The fund owned 164,000 shares of the credit services provider’s stock after buying an additional 4,783 shares during the quarter. PayPal comprises 1.9% of Barlow Wealth Partners Inc.’s holdings, making the stock its 29th biggest position. Barlow Wealth Partners Inc.’s holdings in PayPal were worth $14,701,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PYPL. Relyea Zuckerberg Hanson LLC lifted its position in PayPal by 113.8% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after acquiring an additional 3,976 shares during the period. World Investment Advisors LLC bought a new position in shares of PayPal in the third quarter worth approximately $387,435,000. United Advisor Group LLC bought a new position in PayPal in the 3rd quarter worth approximately $810,000. FCG Investment Co bought a new stake in shares of PayPal in the third quarter worth about $1,079,000. Finally, Equity Investment Corp grew its stake in shares of PayPal by 3.5% in the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after buying an additional 67,497 shares in the last quarter. 68.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PYPL has been the topic of several research analyst reports. Susquehanna increased their price objective on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research note on Monday, January 6th. Oppenheimer assumed coverage on shares of PayPal in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. BMO Capital Markets lifted their price objective on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. The Goldman Sachs Group raised their target price on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Robert W. Baird increased their price objective on shares of PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $89.32.

PayPal Price Performance

PYPL opened at $89.77 on Wednesday. The stock has a 50-day moving average price of $87.50 and a 200-day moving average price of $77.20. PayPal Holdings, Inc. has a 12-month low of $55.77 and a 12-month high of $93.66. The stock has a market capitalization of $90.00 billion, a P/E ratio of 21.42, a PEG ratio of 1.57 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 EPS. Equities analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

PayPal Profile

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.