Bill Few Associates Inc. Acquires 500 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Bill Few Associates Inc. increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.1% during the 4th quarter, HoldingsChannel reports. The firm owned 24,315 shares of the credit services provider’s stock after purchasing an additional 500 shares during the period. Bill Few Associates Inc.’s holdings in PayPal were worth $2,075,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sei Investments Co. boosted its holdings in PayPal by 35.4% during the second quarter. Sei Investments Co. now owns 147,259 shares of the credit services provider’s stock worth $8,545,000 after purchasing an additional 38,488 shares during the last quarter. Gabelli Funds LLC grew its holdings in shares of PayPal by 10.1% in the 2nd quarter. Gabelli Funds LLC now owns 36,310 shares of the credit services provider’s stock valued at $2,107,000 after acquiring an additional 3,320 shares in the last quarter. Public Sector Pension Investment Board increased its position in shares of PayPal by 49.5% in the second quarter. Public Sector Pension Investment Board now owns 46,228 shares of the credit services provider’s stock valued at $2,683,000 after acquiring an additional 15,316 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in PayPal by 56.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 191,555 shares of the credit services provider’s stock worth $11,116,000 after acquiring an additional 68,883 shares in the last quarter. Finally, Insigneo Advisory Services LLC boosted its position in PayPal by 11.3% during the second quarter. Insigneo Advisory Services LLC now owns 22,047 shares of the credit services provider’s stock valued at $1,333,000 after purchasing an additional 2,239 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PYPL. Susquehanna upped their price objective on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research note on Monday, January 6th. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and upped their target price for the company from $86.00 to $103.00 in a report on Monday, December 9th. The Goldman Sachs Group lifted their price target on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Mizuho upped their price objective on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $89.32.

PayPal Stock Up 0.1 %

PayPal stock opened at $89.85 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm’s fifty day moving average price is $87.62 and its two-hundred day moving average price is $77.49. The firm has a market capitalization of $90.08 billion, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share 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.