Northstar Asset Management Inc. Has $6.77 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Northstar Asset Management Inc. raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,791 shares of the credit services provider’s stock after buying an additional 578 shares during the period. PayPal comprises 1.7% of Northstar Asset Management Inc.’s portfolio, making the stock its 28th biggest position. Northstar Asset Management Inc.’s holdings in PayPal were worth $6,772,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. FCG Investment Co bought a new position in PayPal in the 3rd quarter valued at $1,079,000. Brown Financial Advisors bought a new stake in shares of PayPal during the second quarter worth $1,454,000. Cape Cod Five Cents Savings Bank acquired a new position in shares of PayPal during the second quarter valued at $3,014,000. Distillate Capital Partners LLC boosted its holdings 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 last quarter. Finally, 1832 Asset Management L.P. increased its position 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 worth $83,000 after purchasing an additional 381 shares during the period. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 1.4 %

Shares of PYPL opened at $79.25 on Wednesday. The firm has a market cap of $79.45 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 1.38 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. PayPal Holdings, Inc. has a 52 week low of $53.55 and a 52 week high of $83.70. The firm’s 50-day simple moving average is $76.78 and its 200 day simple moving average is $67.95.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $0.97 EPS. On average, analysts forecast that PayPal Holdings, Inc. will post 4.56 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PYPL. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $78.00 target price on shares of PayPal in a report on Wednesday, September 18th. Barclays raised their price target on PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Mizuho upped their price objective on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Daiwa Capital Markets upgraded PayPal from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $68.00 to $72.00 in a research report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Fifteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, PayPal currently has an average rating of “Moderate Buy” and a consensus target price of $83.45.

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.