Marks Wealth LLC Makes New $245,000 Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Marks Wealth LLC bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,140 shares of the credit services provider’s stock, valued at approximately $245,000. PayPal makes up 0.1% of Marks Wealth LLC’s holdings, making the stock its 21st largest position.

A number of other hedge funds have also recently modified their holdings of the stock. Pittenger & Anderson Inc. grew its stake in PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after buying an additional 172 shares during the last quarter. American National Bank acquired a new position in PayPal in the first quarter valued at $27,000. Family Firm Inc. purchased a new stake in shares of PayPal in the second quarter valued at about $29,000. SYSTM Wealth Solutions LLC boosted its stake in shares of PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after buying an additional 167 shares during the period. Finally, Register Financial Advisors LLC purchased a new position in shares of PayPal during the first quarter worth about $30,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Up 1.4 %

NASDAQ:PYPL traded up $1.12 during trading hours on Friday, hitting $80.94. The stock had a trading volume of 8,844,338 shares, compared to its average volume of 13,674,411. The company has a market cap of $82.75 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 1.47 and a beta of 1.44. The business has a 50 day simple moving average of $74.16 and a two-hundred day simple moving average of $66.61. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $82.00. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The firm had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same quarter in the previous year, the business posted $0.83 EPS. The firm’s revenue was up 8.2% compared to the same quarter last year. Analysts predict that PayPal Holdings, Inc. will post 4.42 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on PYPL. Daiwa America raised PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. TD Cowen increased their price target on PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Sanford C. Bernstein lowered shares of PayPal from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $75.00 to $80.00 in a research report on Thursday, October 10th. Monness Crespi & Hardt upped their price objective on shares of PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Mizuho lifted their target price on shares of PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.03.

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.