Roberts Wealth Advisors LLC Purchases 5,899 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Roberts Wealth Advisors LLC boosted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 18.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,191 shares of the credit services provider’s stock after purchasing an additional 5,899 shares during the quarter. Roberts Wealth Advisors LLC’s holdings in PayPal were worth $2,482,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bryn Mawr Capital Management LLC increased its holdings in shares of PayPal by 1.2% in the first quarter. Bryn Mawr Capital Management LLC now owns 11,072 shares of the credit services provider’s stock valued at $841,000 after purchasing an additional 135 shares during the last quarter. Vestcor Inc boosted its holdings in PayPal by 0.5% in the fourth quarter. Vestcor Inc now owns 26,063 shares of the credit services provider’s stock valued at $1,856,000 after purchasing an additional 140 shares during the period. Silvercrest Asset Management Group LLC boosted its stake in shares of PayPal by 1.0% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 15,056 shares of the credit services provider’s stock valued at $1,072,000 after buying an additional 143 shares during the period. West Oak Capital LLC grew its position in shares of PayPal by 26.1% during the first quarter. West Oak Capital LLC now owns 700 shares of the credit services provider’s stock worth $53,000 after buying an additional 145 shares in the last quarter. Finally, Oxford Financial Group Ltd. raised its holdings in PayPal by 4.9% in the first quarter. Oxford Financial Group Ltd. now owns 3,196 shares of the credit services provider’s stock valued at $370,000 after acquiring an additional 150 shares in the last quarter. 68.42% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Performance

Shares of NASDAQ:PYPL traded down $1.21 on Tuesday, reaching $61.73. 1,828,174 shares of the company’s stock were exchanged, compared to its average volume of 15,243,311. The company has a fifty day moving average of $66.04 and a 200-day moving average of $68.34. The company has a market capitalization of $67.78 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 0.97 and a beta of 1.34. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.54. PayPal Holdings, Inc. has a twelve month low of $57.29 and a twelve month high of $95.64.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, August 2nd. The credit services provider reported $1.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.16. The business had revenue of $7.29 billion during the quarter, compared to analysts’ expectations of $7.27 billion. PayPal had a net margin of 14.27% and a return on equity of 20.31%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 EPS. On average, research analysts predict that PayPal Holdings, Inc. will post 3.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PYPL. Deutsche Bank Aktiengesellschaft dropped their price objective on PayPal from $100.00 to $80.00 in a report on Friday, June 9th. Wedbush restated an “outperform” rating and set a $85.00 price target on shares of PayPal in a research note on Thursday, August 3rd. Mizuho reissued a “buy” rating and issued a $92.00 price objective on shares of PayPal in a research note on Friday. Canaccord Genuity Group cut their price target on shares of PayPal from $160.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, August 3rd. Finally, Atlantic Securities downgraded PayPal from an “overweight” rating to a “neutral” rating and set a $72.00 price target for the company. in a research note on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, PayPal has an average rating of “Moderate Buy” and a consensus target price of $91.48.

PayPal Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 150 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.