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

Romano Brothers AND Company raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,479 shares of the credit services provider’s stock after acquiring an additional 6,813 shares during the quarter. Romano Brothers AND Company’s holdings in PayPal were worth $5,187,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Pittenger & Anderson Inc. lifted its holdings in 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 purchasing an additional 172 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in shares of PayPal during the first quarter worth $30,000. CarsonAllaria Wealth Management Ltd. lifted its holdings in shares of 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 buying an additional 185 shares in the last quarter. Family Firm Inc. bought a new stake in shares of PayPal in the second quarter valued at about $29,000. Finally, SYSTM Wealth Solutions LLC grew its stake in shares of 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. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PYPL has been the subject of a number of recent research reports. Argus raised shares of PayPal from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Wells Fargo & Company increased their price target on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Mizuho lifted 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. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $78.00 target price on shares of PayPal in a report on Wednesday, September 18th. Finally, TD Cowen boosted their price target on PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.03.

PayPal Stock Down 0.1 %

Shares of NASDAQ:PYPL opened at $80.83 on Thursday. The firm has a market cap 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 12-month low of $50.25 and a 12-month high of $82.24. The business has a fifty day simple moving average of $75.11 and a 200 day simple moving average of $66.95. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47.

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

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.