Brown Financial Advisors Takes Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Brown Financial Advisors purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 25,060 shares of the credit services provider’s stock, valued at approximately $1,454,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pittenger & Anderson Inc. raised its stake in shares of PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 172 shares during the period. American National Bank purchased a new stake in PayPal during the 1st quarter worth approximately $27,000. Family Firm Inc. purchased a new stake in PayPal during the 2nd quarter worth approximately $29,000. SYSTM Wealth Solutions LLC increased its stake in PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after buying an additional 167 shares during the period. Finally, Register Financial Advisors LLC purchased a new stake in PayPal during the 1st quarter worth approximately $30,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PYPL shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $78.00 target price on shares of PayPal in a research note on Wednesday, September 18th. UBS Group upped their target price on shares of PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Macquarie upped their target price on shares of PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Canaccord Genuity Group reiterated a “buy” rating and set a $80.00 price target on shares of PayPal in a report on Wednesday, July 31st. Finally, Argus upgraded shares of PayPal from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Seventeen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, PayPal has an average rating of “Moderate Buy” and a consensus price target of $76.38.

PayPal Stock Down 0.7 %

PYPL stock opened at $77.47 on Wednesday. The company has a fifty day moving average price of $69.48 and a 200 day moving average price of $65.31. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $80.63. The company has a market cap of $81.04 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 1.12 and a beta of 1.43. 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 released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS 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 firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. PayPal’s revenue for the quarter was up 8.2% on a year-over-year basis. Sell-side analysts expect that PayPal Holdings, Inc. will post 4.42 earnings per share for the current year.

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.