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

Northstar Asset Management Inc. increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 86,791 shares of the credit services provider’s stock after acquiring an additional 578 shares during the quarter. PayPal comprises about 1.7% of Northstar Asset Management Inc.’s holdings, making the stock its 28th largest position. Northstar Asset Management Inc.’s holdings in PayPal were worth $6,772,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Legal & General Group Plc grew its stake in shares of PayPal by 3.3% in the second quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider’s stock worth $501,184,000 after purchasing an additional 276,287 shares during the last quarter. Clearbridge Investments LLC increased its position in PayPal by 28.1% during the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after purchasing an additional 1,866,925 shares during the period. Primecap Management Co. CA raised its holdings in PayPal by 180.7% during the 2nd quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock worth $287,043,000 after purchasing an additional 3,184,160 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of PayPal by 14.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,166,795 shares of the credit services provider’s stock valued at $183,789,000 after purchasing an additional 409,322 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of PayPal by 5.1% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,046,502 shares of the credit services provider’s stock worth $176,789,000 after buying an additional 146,643 shares during the period. 68.32% of the stock is owned by institutional investors.

PayPal Trading Up 1.4 %

NASDAQ:PYPL opened at $79.25 on Wednesday. The firm’s 50 day moving average is $76.78 and its 200 day moving average is $67.95. PayPal Holdings, Inc. has a 12 month low of $53.55 and a 12 month high of $83.70. The stock has a market capitalization of $79.45 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.38 and a beta of 1.43. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last posted 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. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the prior year, the company earned $0.97 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. Sell-side analysts expect 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 weighed in on PYPL. Deutsche Bank Aktiengesellschaft increased their price target on PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Robert W. Baird raised their target price on PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Jefferies Financial Group dropped their price target on PayPal from $70.00 to $65.00 in a research note on Monday, July 29th. TD Cowen raised their price objective on shares of PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. Fifteen research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.45.

About PayPal

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.