Bradley & Co. Private Wealth Management LLC Invests $70,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

Bradley & Co. Private Wealth Management LLC acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 824 shares of the credit services provider’s stock, valued at approximately $70,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mizuho Securities USA LLC grew its stake in PayPal by 12,919.4% in the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after purchasing an additional 10,419,351 shares in the last quarter. FMR LLC boosted its holdings in shares of PayPal by 86.3% in the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after buying an additional 7,767,072 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of PayPal in the third quarter valued at $387,435,000. Robeco Institutional Asset Management B.V. grew its stake in shares of PayPal by 174.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock valued at $361,316,000 after buying an additional 2,689,162 shares in the last quarter. Finally, Primecap Management Co. CA increased its holdings in PayPal by 21.6% during the third quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock worth $469,414,000 after buying an additional 1,069,356 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PYPL. Barclays increased their price target on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Morgan Stanley reiterated an “equal weight” rating on shares of PayPal in a research note on Wednesday, February 5th. BMO Capital Markets boosted their price target on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods upped their price objective on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Finally, UBS Group lifted their target price on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and a consensus price target of $90.52.

PayPal Stock Performance

PYPL opened at $74.07 on Wednesday. The firm has a market cap of $73.27 billion, a P/E ratio of 18.47, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44. The business’s fifty day moving average is $84.52 and its 200-day moving average is $81.02. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) 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 the consensus estimate of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.48 earnings per share. Sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal 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.