Delap Wealth Advisory LLC Purchases 1,198 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Delap Wealth Advisory LLC boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 18.5% during the second quarter, Holdings Channel.com reports. The fund owned 7,660 shares of the credit services provider’s stock after acquiring an additional 1,198 shares during the period. Delap Wealth Advisory LLC’s holdings in PayPal were worth $445,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Pittenger & Anderson Inc. lifted its holdings in PayPal by 77.5% in 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 during the period. American National Bank purchased a new stake in PayPal in the first quarter worth $27,000. Family Firm Inc. bought a new stake in PayPal in the second quarter valued at $29,000. SYSTM Wealth Solutions LLC boosted its holdings 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 acquiring an additional 167 shares in the last quarter. Finally, Register Financial Advisors LLC bought a new position in PayPal in the 1st quarter worth $30,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

Shares of PYPL opened at $76.76 on Friday. The firm has a fifty day simple moving average of $67.01 and a two-hundred day simple moving average of $64.42. The firm has a market cap of $78.47 billion, a PE ratio of 19.34, a P/E/G ratio of 1.01 and a beta of 1.43. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $78.25.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on PYPL shares. Mizuho reissued an “outperform” rating and issued a $90.00 price target on shares of PayPal in a research note on Tuesday, August 20th. Monness Crespi & Hardt raised their target price on PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $80.00 price target on shares of PayPal in a research note on Wednesday, July 31st. UBS Group raised their price objective on PayPal from $71.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $78.00 target price on shares of PayPal in a research report on Wednesday. Seventeen investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $75.58.

About PayPal

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.