Heritage Oak Wealth Advisors LLC Makes New $448,000 Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Heritage Oak Wealth Advisors LLC acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,747 shares of the credit services provider’s stock, valued at approximately $448,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Global Trust Asset Management LLC increased its position in shares of PayPal by 9.5% during the 3rd quarter. Global Trust Asset Management LLC now owns 5,748 shares of the credit services provider’s stock valued at $449,000 after purchasing an additional 500 shares during the period. DORCHESTER WEALTH MANAGEMENT Co boosted its stake in PayPal by 12.2% during the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 10,585 shares of the credit services provider’s stock valued at $826,000 after buying an additional 1,155 shares in the last quarter. Lafayette Investments Inc. grew its holdings in PayPal by 2.2% during the third quarter. Lafayette Investments Inc. now owns 52,845 shares of the credit services provider’s stock worth $4,123,000 after acquiring an additional 1,153 shares during the period. Impact Partnership Wealth LLC bought a new stake in PayPal in the third quarter worth about $775,000. Finally, Boyd Watterson Asset Management LLC OH lifted its holdings in PayPal by 292.1% in the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 21,035 shares of the credit services provider’s stock valued at $1,641,000 after acquiring an additional 15,670 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on PYPL shares. Barclays boosted their target price on shares of PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. The Goldman Sachs Group upped their price target on PayPal from $69.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Jefferies Financial Group reduced their price objective on PayPal from $70.00 to $65.00 in a research note on Monday, July 29th. Wells Fargo & Company boosted their target price on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Sixteen equities research 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.03.

PayPal Stock Performance

Shares of NASDAQ PYPL opened at $81.39 on Friday. The business’s 50-day simple moving average is $75.11 and its 200-day simple moving average is $66.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $82.48. The firm has a market cap of $85.14 billion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 1.50 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced 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 return on equity of 22.82% and a net margin of 14.30%. The company had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter last year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 4.44 earnings per share for the current fiscal 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.