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

Marks Wealth LLC purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the third quarter, according to its most recent filing with the SEC. The fund purchased 3,140 shares of the credit services provider’s stock, valued at approximately $245,000. PayPal comprises 0.1% of Marks Wealth LLC’s portfolio, making the stock its 21st biggest position.

Several other large investors have also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. lifted its position in shares of PayPal by 77.5% in 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 bought a new position in PayPal in the first quarter worth about $27,000. Family Firm Inc. acquired a new position in PayPal in the second quarter valued at approximately $29,000. SYSTM Wealth Solutions LLC grew its holdings 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 valued at $29,000 after purchasing an additional 167 shares during the last quarter. Finally, Register Financial Advisors LLC acquired a new stake in shares of PayPal during the 1st quarter worth approximately $30,000. 68.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PYPL has been the subject of a number of analyst reports. Barclays boosted their price objective on PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Monness Crespi & Hardt upped their target price 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. Sanford C. Bernstein cut PayPal from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $75.00 to $80.00 in a report on Thursday, October 10th. Macquarie increased their price objective on PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Daiwa America raised PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. Sixteen investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $78.03.

PayPal Stock Up 1.4 %

PayPal stock traded up $1.12 during mid-day trading on Friday, hitting $80.94. The company’s stock had a trading volume of 8,844,338 shares, compared to its average volume of 13,674,411. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $82.00. The firm’s 50 day moving average is $74.16 and its 200 day moving average is $66.61. 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.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share 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 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. PayPal’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, analysts anticipate that PayPal Holdings, Inc. will post 4.42 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.