J.W. Cole Advisors Inc. Increases Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

J.W. Cole Advisors Inc. grew its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 36.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,357 shares of the credit services provider’s stock after purchasing an additional 1,690 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in PayPal were worth $369,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gryphon Financial Partners LLC increased its position in PayPal by 36.2% during the fourth quarter. Gryphon Financial Partners LLC now owns 9,659 shares of the credit services provider’s stock worth $593,000 after purchasing an additional 2,569 shares during the last quarter. ING Groep NV increased its holdings in shares of PayPal by 318.8% during the 4th quarter. ING Groep NV now owns 40,373 shares of the credit services provider’s stock worth $2,479,000 after buying an additional 30,733 shares during the last quarter. Gladstone Institutional Advisory LLC raised its position in shares of PayPal by 36.4% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 16,579 shares of the credit services provider’s stock valued at $1,018,000 after buying an additional 4,426 shares during the period. Balentine LLC acquired a new position in PayPal in the fourth quarter valued at approximately $266,000. Finally, Sachetta LLC purchased a new position in PayPal in the fourth quarter worth approximately $60,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $71.77 on Wednesday. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $74.40. The firm has a market capitalization of $75.07 billion, a P/E ratio of 18.08, a P/E/G ratio of 1.00 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. The company’s fifty day moving average price is $66.04 and its 200 day moving average price is $64.10.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. The business had revenue of $7.89 billion for 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%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 earnings per share. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PYPL. Monness Crespi & Hardt lifted their target price on PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Mizuho reaffirmed an “outperform” rating and issued a $90.00 target price on shares of PayPal in a research report on Tuesday, August 20th. Argus upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Barclays boosted their price target on shares of PayPal from $81.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Finally, Evercore ISI increased their price objective on shares of PayPal from $65.00 to $70.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. Eighteen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $75.56.

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.