Nabity Jensen Investment Management Inc Purchases 408 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Nabity Jensen Investment Management Inc lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 13.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,350 shares of the credit services provider’s stock after buying an additional 408 shares during the quarter. Nabity Jensen Investment Management Inc’s holdings in PayPal were worth $286,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PYPL. World Investment Advisors LLC purchased a new stake in shares of PayPal during the 3rd quarter valued at about $387,435,000. United Advisor Group LLC bought a new position in PayPal during the third quarter valued at approximately $810,000. FCG Investment Co purchased a new stake in PayPal in the third quarter worth approximately $1,079,000. Equity Investment Corp grew its position in PayPal by 3.5% in the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after purchasing an additional 67,497 shares during the period. Finally, Weil Company Inc. raised its stake in PayPal by 68.9% during the 3rd quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock valued at $3,253,000 after buying an additional 17,003 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PYPL has been the topic of a number of research reports. Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target on the stock in a research note on Friday, December 13th. Monness Crespi & Hardt increased their target price on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a report on Monday, October 28th. The Goldman Sachs Group boosted their price target on PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and a consensus price target of $89.16.

PayPal Trading Up 3.8 %

Shares of NASDAQ PYPL opened at $87.18 on Wednesday. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $93.66. 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 company has a market cap of $87.40 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 1.66 and a beta of 1.44. The business’s 50 day moving average price is $86.91 and its 200-day moving average price is $76.31.

PayPal (NASDAQ:PYPL) last released its earnings results 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. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the firm posted $0.97 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

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.