Northstar Asset Management Inc. Purchases 714 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Northstar Asset Management Inc. raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,505 shares of the credit services provider’s stock after acquiring an additional 714 shares during the period. PayPal makes up 2.0% of Northstar Asset Management Inc.’s portfolio, making the stock its 26th biggest holding. Northstar Asset Management Inc.’s holdings in PayPal were worth $7,469,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PYPL. D.A. Davidson & CO. increased its position in PayPal by 32.5% during the fourth quarter. D.A. Davidson & CO. now owns 266,771 shares of the credit services provider’s stock worth $22,769,000 after acquiring an additional 65,374 shares during the period. Citizens & Northern Corp grew its position in PayPal by 7.0% in the 4th quarter. Citizens & Northern Corp now owns 15,014 shares of the credit services provider’s stock worth $1,281,000 after purchasing an additional 985 shares during the last quarter. Truist Financial Corp increased its holdings in shares of PayPal by 8.3% during the 4th quarter. Truist Financial Corp now owns 288,970 shares of the credit services provider’s stock worth $24,664,000 after purchasing an additional 22,211 shares during the period. CIBC Asset Management Inc raised its position in shares of PayPal by 1.7% during the fourth quarter. CIBC Asset Management Inc now owns 325,270 shares of the credit services provider’s stock valued at $27,762,000 after buying an additional 5,591 shares during the last quarter. Finally, Pittenger & Anderson Inc. lifted its stake in shares of PayPal by 600.2% in the fourth quarter. Pittenger & Anderson Inc. now owns 3,165 shares of the credit services provider’s stock valued at $270,000 after buying an additional 2,713 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PYPL has been the topic of several research reports. Citigroup boosted their price target on PayPal from $97.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Susquehanna upped their target price on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research note on Monday, January 6th. Robert W. Baird decreased their price target on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective for the company in a research note on Friday, December 13th. Finally, Barclays lifted their target price on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Thirteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $90.52.

PayPal Stock Performance

PayPal stock opened at $77.97 on Tuesday. The company has a market cap of $77.13 billion, a PE ratio of 19.44, a PEG ratio of 1.29 and a beta of 1.44. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66. The company’s 50-day moving average is $86.42 and its two-hundred day moving average is $80.36.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period in the prior year, the business posted $1.48 earnings per share. PayPal’s revenue was up 4.2% compared to the same quarter last year. Equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

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.