Isthmus Partners LLC Has $16.95 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Isthmus Partners LLC lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 217,216 shares of the credit services provider’s stock after selling 201 shares during the period. PayPal makes up approximately 2.0% of Isthmus Partners LLC’s investment portfolio, making the stock its 4th biggest holding. Isthmus Partners LLC’s holdings in PayPal were worth $16,949,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. FMR LLC lifted its stake in PayPal by 86.3% in the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after purchasing an additional 7,767,072 shares during the last quarter. Mizuho Securities USA LLC lifted its stake in PayPal by 12,919.4% in the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after purchasing an additional 10,419,351 shares during the last quarter. Legal & General Group Plc raised its stake in shares of PayPal by 3.3% during the second quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider’s stock valued at $501,184,000 after acquiring an additional 276,287 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of PayPal by 28.1% during the second quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after acquiring an additional 1,866,925 shares in the last quarter. Finally, Primecap Management Co. CA raised its stake in shares of PayPal by 21.6% during the third quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock valued at $469,414,000 after acquiring an additional 1,069,356 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Monness Crespi & Hardt lifted their price target on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Morgan Stanley lifted their price target on shares of PayPal from $71.00 to $76.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Daiwa Capital Markets raised shares of PayPal from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $68.00 to $72.00 in a research note on Friday, August 9th. Piper Sandler reissued a “neutral” rating and issued a $88.00 price objective on shares of PayPal in a research note on Friday, November 22nd. Finally, Susquehanna boosted their price objective on shares of PayPal from $83.00 to $94.00 and gave the stock a “positive” rating in a research note on Wednesday, October 30th. 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 company. According to data from MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and an average price target of $83.60.

PayPal Price Performance

NASDAQ:PYPL opened at $86.57 on Friday. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $88.74. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $86.79 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 1.54 and a beta of 1.43. The firm’s fifty day moving average is $81.49 and its two-hundred day moving average is $70.29.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.97 earnings per share. Research analysts expect that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

PayPal Company 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.