JBGlobal.com LLC Makes New $664,000 Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

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

Several other institutional investors and hedge funds have also made changes to their positions in PYPL. Rosenberg Matthew Hamilton boosted its stake in 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 acquired a new position in PayPal during the 3rd quarter valued at approximately $26,000. Sugarloaf Wealth Management LLC grew its stake in PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after buying an additional 272 shares during the last quarter. Planning Capital Management Corp increased its position in PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after buying an additional 268 shares during the period. Finally, Financial Management Professionals Inc. lifted its stake in PayPal by 125.3% in the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after buying an additional 243 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PYPL shares. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Canaccord Genuity Group upped their target price on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Phillip Securities reaffirmed an “accumulate” rating and set a $90.00 price target (up previously from $80.00) on shares of PayPal in a report on Friday, November 1st. Morgan Stanley increased their price objective on PayPal from $76.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Finally, Sanford C. Bernstein downgraded PayPal from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $75.00 to $80.00 in a research note on Thursday, October 10th. Fourteen investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $89.32.

PayPal Stock Performance

PayPal stock opened at $89.77 on Wednesday. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $93.66. The firm’s 50 day simple moving average is $87.50 and its 200-day simple moving average is $77.20. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $90.00 billion, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44.

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

About PayPal

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.