Romano Brothers AND Company Acquires 6,813 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Romano Brothers AND Company lifted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,479 shares of the credit services provider’s stock after purchasing an additional 6,813 shares during the period. Romano Brothers AND Company’s holdings in PayPal were worth $5,187,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Pittenger & Anderson Inc. boosted its holdings in shares of PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after buying an additional 172 shares in the last quarter. Register Financial Advisors LLC acquired a new position in shares of PayPal during the 1st quarter valued at $30,000. CarsonAllaria Wealth Management Ltd. boosted its stake in PayPal by 65.8% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 185 shares in the last quarter. Family Firm Inc. acquired a new stake in PayPal in the second quarter worth $29,000. Finally, SYSTM Wealth Solutions LLC increased its stake in PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 167 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Trading Down 0.1 %

Shares of PayPal stock opened at $80.83 on Thursday. The stock has a market capitalization of $82.63 billion, a P/E ratio of 19.57, a P/E/G ratio of 1.47 and a beta of 1.44. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $82.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. The stock’s 50-day simple moving average is $75.11 and its 200 day simple moving average is $66.95.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.20. The company had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.83 earnings per share. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 4.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PYPL. William Blair raised shares of PayPal to a “hold” rating in a research report on Tuesday, July 30th. Daiwa America raised PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. TD Cowen upped their target price on PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Monness Crespi & Hardt increased their target price on PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, Robert W. Baird boosted their price target 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. Sixteen research 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $78.03.

PayPal Company 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.