Romano Brothers AND Company Grows Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Romano Brothers AND Company increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 422.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,030 shares of the credit services provider’s stock after purchasing an additional 34,787 shares during the quarter. Romano Brothers AND Company’s holdings in PayPal were worth $2,871,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC raised its position in PayPal by 110,462.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 17,136,071 shares of the credit services provider’s stock worth $1,220,431,000 after acquiring an additional 17,120,572 shares during the period. Norges Bank bought a new stake in shares of PayPal in the fourth quarter valued at approximately $1,022,333,000. Alliancebernstein L.P. raised its position in shares of PayPal by 51.1% in the fourth quarter. Alliancebernstein L.P. now owns 17,133,910 shares of the credit services provider’s stock valued at $1,220,277,000 after purchasing an additional 5,794,620 shares during the period. Renaissance Technologies LLC bought a new stake in shares of PayPal in the fourth quarter valued at approximately $319,712,000. Finally, Clearbridge Investments LLC raised its position in shares of PayPal by 122.0% in the first quarter. Clearbridge Investments LLC now owns 6,230,481 shares of the credit services provider’s stock valued at $720,555,000 after purchasing an additional 3,424,122 shares during the period. 68.42% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Trading Down 1.9 %

NASDAQ:PYPL traded down $1.18 during midday trading on Tuesday, reaching $61.76. 5,092,306 shares of the stock traded hands, compared to its average volume of 15,262,499. The company has a fifty day moving average of $66.04 and a 200 day moving average of $68.34. PayPal Holdings, Inc. has a 12 month low of $57.29 and a 12 month high of $95.64. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market capitalization of $67.81 billion, a P/E ratio of 17.20, a PEG ratio of 0.97 and a beta of 1.34.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Morgan Stanley lowered their price target on shares of PayPal from $133.00 to $126.00 and set an “overweight” rating on the stock in a research report on Thursday, August 3rd. Sanford C. Bernstein reduced their price objective on shares of PayPal from $85.00 to $70.00 in a research note on Monday, May 22nd. StockNews.com initiated coverage on shares of PayPal in a research note on Thursday, August 17th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of PayPal from $100.00 to $80.00 in a research note on Friday, June 9th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $80.00 price objective on shares of PayPal in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.48.

PayPal Company 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.