Bryn Mawr Capital Management LLC Purchases 67,864 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Bryn Mawr Capital Management LLC grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1,969.9% during the fourth quarter, HoldingsChannel reports. The firm owned 71,309 shares of the credit services provider’s stock after buying an additional 67,864 shares during the period. Bryn Mawr Capital Management LLC’s holdings in PayPal were worth $6,086,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PYPL. Alberta Investment Management Corp grew its holdings in PayPal by 91.2% during the 4th quarter. Alberta Investment Management Corp now owns 43,600 shares of the credit services provider’s stock worth $3,721,000 after acquiring an additional 20,800 shares during the period. Global Retirement Partners LLC boosted its position in shares of PayPal by 12.4% during the 4th quarter. Global Retirement Partners LLC now owns 9,310 shares of the credit services provider’s stock valued at $795,000 after purchasing an additional 1,025 shares in the last quarter. Convergence Investment Partners LLC boosted its position in shares of PayPal by 11.8% during the 4th quarter. Convergence Investment Partners LLC now owns 28,262 shares of the credit services provider’s stock valued at $2,412,000 after purchasing an additional 2,988 shares in the last quarter. Bank of Jackson Hole Trust acquired a new stake in PayPal during the fourth quarter worth approximately $41,000. Finally, Klingman & Associates LLC bought a new stake in PayPal in the fourth quarter worth approximately $216,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Performance

Shares of PYPL opened at $78.36 on Thursday. The stock has a 50 day moving average of $85.98 and a 200 day moving average of $80.56. The company has a market capitalization of $77.52 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 1.28 and a beta of 1.44. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. The firm 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 business’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $1.48 EPS. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

PYPL has been the subject of several recent analyst reports. Susquehanna raised their price objective on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research report on Monday, January 6th. Morgan Stanley reduced their price target on shares of PayPal from $90.00 to $79.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Piper Sandler upped their price objective on shares of PayPal from $88.00 to $93.00 and gave the company a “neutral” rating in a report on Friday, January 24th. JPMorgan Chase & Co. raised their target price on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Phillip Securities reaffirmed an “accumulate” rating and issued a $90.00 target price (up from $80.00) on shares of PayPal in a research report on Friday, November 1st. Thirteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, PayPal currently has an average rating of “Moderate Buy” and an average price target 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.