Welch Capital Partners LLC NY Has $3.75 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Welch Capital Partners LLC NY lessened its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 64,649 shares of the credit services provider’s stock after selling 1,000 shares during the period. PayPal comprises 0.9% of Welch Capital Partners LLC NY’s portfolio, making the stock its 10th largest holding. Welch Capital Partners LLC NY’s holdings in PayPal were worth $3,752,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Pittenger & Anderson Inc. lifted its position in PayPal by 77.5% during the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 172 shares during the period. American National Bank bought a new position in shares of PayPal during the 1st quarter valued at $27,000. Private Wealth Management Group LLC purchased a new position in shares of PayPal in the 4th quarter worth $29,000. Family Firm Inc. bought a new stake in shares of PayPal in the second quarter worth $29,000. Finally, Register Financial Advisors LLC purchased a new stake in PayPal during the first quarter valued at $30,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

PayPal stock traded up $0.97 during midday trading on Monday, reaching $69.86. 925,896 shares of the stock traded hands, compared to its average volume of 14,130,336. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $74.40. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The stock’s fifty day moving average is $64.50 and its 200-day moving average is $63.59. The stock has a market cap of $71.42 billion, a P/E ratio of 17.35, a PEG ratio of 0.98 and a beta of 1.43.

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, beating 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 business had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.82 billion. During the same period in the prior year, the business posted $0.83 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, equities research analysts anticipate that PayPal Holdings, Inc. will post 4.42 EPS for the current year.

Wall Street Analyst Weigh In

PYPL has been the subject of a number of recent research reports. The Goldman Sachs Group restated a “neutral” rating and set a $69.00 price target on shares of PayPal in a research note on Monday, June 24th. Susquehanna boosted their target price on shares of PayPal from $71.00 to $83.00 and gave the company a “positive” rating in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $78.00 price target on shares of PayPal in a research report on Thursday, July 11th. Barclays boosted their price objective on shares of PayPal from $81.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Finally, Daiwa Capital Markets raised PayPal from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $68.00 to $72.00 in a report on Friday, August 9th. Eighteen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, PayPal currently has an average rating of “Moderate Buy” and an average target price of $75.56.

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.