PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT raised its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,016 shares of the credit services provider’s stock after buying an additional 325 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in PayPal were worth $1,964,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Summerhill Capital Management lnc. lifted its position in PayPal by 25.4% during the fourth quarter. Summerhill Capital Management lnc. now owns 116,231 shares of the credit services provider’s stock worth $9,920,000 after buying an additional 23,530 shares in the last quarter. Aspen Investment Management Inc increased its stake in shares of PayPal by 19.2% in the 4th quarter. Aspen Investment Management Inc now owns 16,056 shares of the credit services provider’s stock worth $1,370,000 after acquiring an additional 2,590 shares during the last quarter. ING Groep NV purchased a new position in shares of PayPal during the 4th quarter worth $592,000. Hussman Strategic Advisors Inc. acquired a new position in shares of PayPal during the 4th quarter valued at about $1,792,000. Finally, First Bank & Trust grew its holdings in shares of PayPal by 5.6% in the fourth quarter. First Bank & Trust now owns 4,240 shares of the credit services provider’s stock valued at $362,000 after purchasing an additional 224 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Down 3.5 %

Shares of PayPal stock opened at $74.95 on Friday. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66. The company has a 50 day moving average of $85.50 and a 200 day moving average of $80.53. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $74.14 billion, a P/E ratio of 18.69, a P/E/G ratio of 1.28 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The firm had revenue of $8.37 billion during 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 company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.48 earnings per share. As a group, research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PYPL shares. Barclays lifted their target price on shares of PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Phillip Securities reiterated an “accumulate” rating and issued a $90.00 price objective (up from $80.00) on shares of PayPal in a report on Friday, November 1st. Robert W. Baird lowered their price objective on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price on the stock in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. increased their price target on PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Thirteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and an average target price of $90.52.

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.