PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Bray Capital Advisors

Bray Capital Advisors decreased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,905 shares of the credit services provider’s stock after selling 155 shares during the period. Bray Capital Advisors’ holdings in PayPal were worth $504,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Relyea Zuckerberg Hanson LLC boosted its position in shares of PayPal by 113.8% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after buying an additional 3,976 shares during the period. World Investment Advisors LLC purchased a new position in PayPal in the third quarter valued at about $387,435,000. United Advisor Group LLC purchased a new position in PayPal in the third quarter valued at about $810,000. FCG Investment Co purchased a new position in PayPal in the third quarter valued at about $1,079,000. Finally, Equity Investment Corp boosted its holdings in PayPal by 3.5% in the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after purchasing an additional 67,497 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on PYPL shares. Monness Crespi & Hardt increased their price target on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a report on Monday, October 28th. Phillip Securities reaffirmed an “accumulate” rating and set a $90.00 target price (up previously from $80.00) on shares of PayPal in a report on Friday, November 1st. Morgan Stanley reduced their target price on PayPal from $90.00 to $79.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Canaccord Genuity Group increased their target price on PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Bank of America raised PayPal from a “neutral” rating to a “buy” rating and increased their target price for the stock from $86.00 to $103.00 in a report on Monday, December 9th. Thirteen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.52.

PayPal Stock Performance

Shares of NASDAQ PYPL opened at $77.63 on Friday. The stock has a fifty day moving average price of $85.73 and a two-hundred day moving average price of $80.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $76.79 billion, a P/E ratio of 19.36, a PEG ratio of 1.28 and a beta of 1.44. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66.

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