Bryn Mawr Capital Management LLC Purchases 67,864 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Bryn Mawr Capital Management LLC boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1,969.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,309 shares of the credit services provider’s stock after purchasing an additional 67,864 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in PayPal were worth $6,086,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton boosted its position in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 125 shares during the period. Gordian Capital Singapore Pte Ltd bought a new position in PayPal during the third quarter worth about $26,000. Sugarloaf Wealth Management LLC raised its stake in PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares in the last quarter. Planning Capital Management Corp boosted its holdings in PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 268 shares during the period. Finally, Financial Management Professionals Inc. grew its position in shares of PayPal by 125.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 243 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on PYPL shares. Citigroup lifted their price target on shares of PayPal from $97.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. The Goldman Sachs Group raised their price objective on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Barclays upped their target price on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Phillip Securities restated an “accumulate” rating and issued a $90.00 price target (up previously from $80.00) on shares of PayPal in a research report on Friday, November 1st. Finally, UBS Group boosted their price target on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Thirteen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and an average target price of $90.52.

PayPal Stock Performance

NASDAQ:PYPL opened at $78.36 on Thursday. The stock’s 50-day moving average is $85.98 and its 200-day moving average is $80.56. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a market cap of $77.52 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 1.28 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.48 EPS. Equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 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.