Marshall & Sullivan Inc. WA, an investment management firm based in Washington, has announced an increase in its stake in PayPal Holdings, Inc. The company’s recent Form 13F filing with the Securities and Exchange Commission revealed that it acquired an additional 1,671 shares of PayPal stock during the second quarter of this year. As a result, Marshall & Sullivan Inc. WA’s total holdings in PayPal now amount to 26,889 shares valued at $1,794,000.
PayPal Holdings, Inc. is renowned for its technology platform that facilitates digital payments for merchants and consumers worldwide. The company offers a range of payment solutions under various brand names such as PayPal Credit, Braintree, Venmo, Xoom, and more. With its payments platform operating in approximately 200 markets and supporting around 150 currencies, PayPal enables consumers to conveniently send and receive payments globally. Additionally, users can withdraw funds to their bank accounts in over 50 currencies and maintain balances in their PayPal accounts across 25 currencies.
This increase in stake by Marshall & Sullivan Inc. WA highlights the confidence placed by investment firms in PayPal’s business prospects. As the global shift towards digital payments continues to gain momentum, PayPal is well-positioned to capitalize on this trend with its extensive network and user-friendly platform. By offering convenient and secure payment solutions across multiple markets and currencies, PayPal has established itself as a leading player in the industry.
The additional investment made by Marshall & Sullivan Inc. WA suggests that they believe in the continued growth potential of PayPal within the fintech sector. This move aligns with other investors’ sentiments regarding the company’s ability to adapt to changing consumer preferences and emerging technologies.
With its strong financial performance and expanding market presence, PayPal remains a key player in the digital payment space. The company’s innovative approach to enhancing user experience through strategic acquisitions and product development has garnered significant attention from both investors and industry experts.
It is essential to note that investment decisions should always be made based on comprehensive analysis and consideration of individual financial goals. While Marshall & Sullivan Inc. WA’s increased stake in PayPal demonstrates their confidence in the company’s future prospects, investors should conduct their own due diligence and seek professional advice before making any investment decisions.
Overall, Marshall & Sullivan Inc. WA’s recent increase in its stake in PayPal Holdings, Inc. reflects growing optimism about the company’s potential for long-term success as a leader in the digital payments industry. As PayPal continues to innovate and expand its global reach, it remains an attractive option for investors seeking exposure to the evolving fintech landscape.
Updated on: 02/10/2023
Debt to equity ratio: Neutral
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
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Robert W. Baird
PayPal Attracts Large Investors and Receives Positive Evaluations
In recent times, various large investors have made significant modifications to their holdings of PayPal. Resurgent Financial Advisors LLC, for instance, acquired a new stake in the company’s shares during the fourth quarter of last year, which was valued at roughly $29,000. Another investor, Lauer Wealth LLC, also purchased a new stake in PayPal during the first quarter of this year amounting to approximately $31,000.
Dakota Community Bank & Trust NA took an even more substantial step by boosting its position in PayPal by 168.8% during the first quarter. This increase resulted in Dakota Community Bank & Trust NA owning 422 shares of PayPal stock valued at $32,000 after acquiring an additional 265 shares during that period. Similarly, ZRC Wealth Management LLC purchased a new stake in PayPal amounting to roughly $32,000 during the first quarter as well.
Finally, Dark Forest Capital Management LP completed the roster of investors by buying a new stake in PayPal during the fourth quarter of last year that was valued at around $33,000. Overall, institutional investors currently own 68.42% of PayPal’s stock.
Several research firms have provided insights into PayPal’s prospects and performance as well. Morgan Stanley released a report on August 3rd indicating that they had lowered their target price for PayPal from $133.00 to $126.00 while maintaining an “overweight” rating for the company. Similarly, Wedbush reiterated an “outperform” rating and set a target price of $85.00 for PayPal on the same day.
BTIG Research offered positive remarks by increasing their target price from $85.00 to $90.00 and giving PayPal a “buy” rating in their report released on July 25th. Mizuho also showed confidence in PayPal by reiterating a “buy” rating while setting a target price of $92.00.
JPMorgan Chase & Co. had a particularly positive outlook, as they increased their target price for PayPal from $90.00 to $100.00 and also gave the company an “overweight” rating in their report on August 22nd. It is important to note, however, that one research analyst has given the stock a sell rating, while thirteen analysts have issued a hold rating and nineteen analysts have assigned a buy rating to PayPal.
As of today’s date, according to data from Bloomberg, the stock stands with a consensus rating of “Moderate Buy” and a consensus target price of $91.48.
PayPal’s stock opened at $62.94 on Tuesday. The company currently possesses a market capitalization of $69.11 billion and trades with a price-to-earnings (P/E) ratio of 17.58, along with a P/E/G ratio of 0.97 and a beta of 1.34.
Furthermore, the company boasts of having a debt-to-equity ratio of 0.54, indicating its relatively low level of leverage compared to its equity. Additionally, it exhibits favorable liquidity ratios with both its quick ratio and current ratio standing at 1.30.
In terms of its moving averages, PayPal has displayed consistent performance with a fifty-day moving average of $66.04 and a two-hundred-day moving average of $68.34.
Notably, during the period ending on August 2nd this year, PayPal reported earnings per share (EPS) of $1.16 for the quarter, meeting the consensus estimate precisely. The company achieved revenue amounting to $7.29 billion during this period as well against an estimated figure of $7.27 billion.
PayPal’s net margin presently stands at 14.27%, reflecting its ability to generate profits efficiently relative to its revenue stream.
Analysts are optimistic about PayPal’s performance going forward, as they anticipate the company to post 3.81 earnings per share for the current fiscal year.
Overall, PayPal has attracted attention from various large investors who have modified their holdings, and it has received mixed but overall positive evaluations from research firms. The stock’s performance and financial metrics highlight its position as a prominent player in the credit services sector. With attractive liquidity ratios and consistent revenue growth, PayPal is poised to be an intriguing investment option for investors seeking reliable returns.