JB Capital LLC Purchases 1,301 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

JB Capital LLC raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,456 shares of the credit services provider’s stock after buying an additional 1,301 shares during the period. JB Capital LLC’s holdings in PayPal were worth $3,709,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of PYPL. Park Place Capital Corp raised its stake in shares of PayPal by 6.6% in the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock worth $161,000 after acquiring an additional 116 shares during the last quarter. Bruce G. Allen Investments LLC raised its position in PayPal by 7.4% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock worth $141,000 after purchasing an additional 124 shares during the last quarter. Rosenberg Matthew Hamilton lifted its holdings in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after buying an additional 125 shares in the last quarter. Wynn Capital LLC boosted its position 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 buying an additional 130 shares during the last quarter. Finally, Brave Asset Management Inc. increased its stake in shares of PayPal by 5.2% in the 4th quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider’s stock valued at $241,000 after buying an additional 141 shares during the period. Institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Morgan Stanley raised their price target on PayPal from $76.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Wells Fargo & Company boosted their price target on shares of PayPal from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Phillip Securities reaffirmed an “accumulate” rating and issued a $90.00 price objective (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. Finally, The Goldman Sachs Group upped their target price on shares of PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and an average target price of $89.48.

PayPal Stock Performance

Shares of PYPL stock opened at $88.58 on Monday. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The company’s fifty day simple moving average is $88.16 and its 200-day simple moving average is $78.93. The firm has a market cap of $88.80 billion, a PE ratio of 21.14, a P/E/G ratio of 1.49 and a beta of 1.44. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49.

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.