JBGlobal.com LLC Takes $664,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

JBGlobal.com LLC acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 7,776 shares of the credit services provider’s stock, valued at approximately $664,000. PayPal comprises about 0.7% of JBGlobal.com LLC’s investment portfolio, making the stock its 15th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bruce G. Allen Investments LLC raised its position in shares of PayPal by 7.4% in the third quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after buying an additional 124 shares during the last quarter. Rosenberg Matthew Hamilton grew its stake in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 125 shares during the period. Wynn Capital LLC raised its holdings in PayPal by 1.1% in the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock valued at $983,000 after acquiring an additional 130 shares during the last quarter. Brave Asset Management Inc. lifted its stake in shares of PayPal by 5.2% during the 4th quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider’s stock worth $241,000 after purchasing an additional 141 shares during the period. Finally, First United Bank & Trust boosted its holdings in shares of PayPal by 6.4% during the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock worth $187,000 after purchasing an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Susquehanna upped their target price on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research note on Monday, January 6th. Mizuho upped their price objective on shares of PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Morgan Stanley increased their price objective on shares of PayPal from $76.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Canaccord Genuity Group boosted their target price on shares of PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets increased their price target on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $89.32.

PayPal Trading Down 2.2 %

Shares of PYPL opened at $89.77 on Wednesday. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $93.66. The stock has a 50-day moving average price of $87.50 and a 200 day moving average price of $77.20. 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 capitalization of $90.00 billion, a P/E ratio of 21.42, a P/E/G ratio of 1.57 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 EPS. Sell-side analysts forecast that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal 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.