Marshall Financial Group LLC Invests $254,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brown Financial Advisors bought a new position in shares of PayPal during the 2nd quarter worth about $1,454,000. Cape Cod Five Cents Savings Bank bought a new position in shares of PayPal during the 2nd quarter worth about $3,014,000. Distillate Capital Partners LLC increased its stake in PayPal by 156,934.7% in the second quarter. Distillate Capital Partners LLC now owns 343,906 shares of the credit services provider’s stock valued at $19,957,000 after acquiring an additional 343,687 shares during the period. Fiduciary Alliance LLC increased its stake in PayPal by 604.7% in the first quarter. Fiduciary Alliance LLC now owns 53,076 shares of the credit services provider’s stock valued at $3,452,000 after acquiring an additional 45,544 shares during the period. Finally, 1832 Asset Management L.P. increased its stake in PayPal by 44.6% in the first quarter. 1832 Asset Management L.P. now owns 1,235 shares of the credit services provider’s stock valued at $83,000 after acquiring an additional 381 shares during the period. Institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Friday. Jefferies Financial Group lowered their target price on shares of PayPal from $70.00 to $65.00 in a research note on Monday, July 29th. Robert W. Baird upped their target price on shares of PayPal from $77.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Oppenheimer assumed coverage on shares of PayPal in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Sixteen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.03.

PayPal Trading Up 1.4 %

Shares of NASDAQ PYPL opened at $80.94 on Friday. The company’s 50 day simple moving average is $74.16 and its 200 day simple moving average is $66.61. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $82.00. The firm has a market capitalization of $82.75 billion, a P/E ratio of 19.60, a P/E/G ratio of 1.47 and a beta of 1.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The business had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same period in the prior year, the business posted $0.83 earnings per share. PayPal’s revenue was up 8.2% compared to the same quarter last year. On average, analysts predict that PayPal Holdings, Inc. will post 4.42 EPS for the current 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.