Isthmus Partners LLC Has $12.62 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Isthmus Partners LLC trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 217,417 shares of the credit services provider’s stock after selling 3,161 shares during the period. PayPal comprises approximately 4.9% of Isthmus Partners LLC’s investment portfolio, making the stock its 5th biggest position. Isthmus Partners LLC’s holdings in PayPal were worth $12,617,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in PayPal in the 4th quarter worth approximately $749,561,000. Clearbridge Investments LLC boosted its stake in PayPal by 15.8% in the 1st quarter. Clearbridge Investments LLC now owns 6,644,317 shares of the credit services provider’s stock worth $445,103,000 after purchasing an additional 904,804 shares during the period. First Trust Advisors LP boosted its stake in PayPal by 1.7% in the 4th quarter. First Trust Advisors LP now owns 3,668,505 shares of the credit services provider’s stock worth $225,283,000 after purchasing an additional 61,384 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in PayPal by 5.1% in the 2nd 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 in the last quarter. Finally, Hsbc Holdings PLC lifted its position in PayPal by 11.9% in the 4th quarter. Hsbc Holdings PLC now owns 2,891,840 shares of the credit services provider’s stock worth $177,541,000 after buying an additional 306,613 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Performance

NASDAQ PYPL traded down $3.14 during midday trading on Friday, hitting $68.89. The company had a trading volume of 12,304,156 shares, compared to its average volume of 14,207,560. 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 firm has a fifty day simple moving average of $64.50 and a two-hundred day simple moving average of $63.51. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $74.40. The stock has a market cap of $70.43 billion, a price-to-earnings ratio of 17.35, a P/E/G ratio of 1.03 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The business had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same period in the previous year, the business earned $0.83 EPS. The firm’s revenue was up 8.2% on a year-over-year basis. Equities analysts forecast that PayPal Holdings, Inc. will post 4.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PYPL. JPMorgan Chase & Co. increased their target price on shares of PayPal from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $69.00 target price on shares of PayPal in a research report on Monday, June 24th. TD Cowen increased their target price 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. BMO Capital Markets increased their target price on shares of PayPal from $65.00 to $72.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Finally, Barclays increased their target price on shares of PayPal from $81.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Eighteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $75.56.

PayPal 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.