PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Brighton Jones LLC

Brighton Jones LLC grew its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 15.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,989 shares of the credit services provider’s stock after purchasing an additional 924 shares during the period. Brighton Jones LLC’s holdings in PayPal were worth $596,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Sei Investments Co. raised its position in shares of PayPal by 35.4% during the 2nd quarter. Sei Investments Co. now owns 147,259 shares of the credit services provider’s stock valued at $8,545,000 after acquiring an additional 38,488 shares in the last quarter. Public Sector Pension Investment Board increased its stake in PayPal by 49.5% during the second quarter. Public Sector Pension Investment Board now owns 46,228 shares of the credit services provider’s stock valued at $2,683,000 after purchasing an additional 15,316 shares during the last quarter. AXA S.A. lifted its position in shares of PayPal by 1.8% in the 2nd quarter. AXA S.A. now owns 274,410 shares of the credit services provider’s stock worth $15,924,000 after buying an additional 4,809 shares during the last quarter. APG Asset Management N.V. boosted its holdings in shares of PayPal by 165.2% in the 2nd quarter. APG Asset Management N.V. now owns 123,808 shares of the credit services provider’s stock valued at $6,704,000 after buying an additional 77,124 shares during the period. Finally, Daymark Wealth Partners LLC grew its position in shares of PayPal by 27.8% during the 2nd quarter. Daymark Wealth Partners LLC now owns 12,200 shares of the credit services provider’s stock valued at $708,000 after buying an additional 2,654 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Keefe, Bruyette & Woods lifted their target price on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective for the company in a research report on Friday, December 13th. BMO Capital Markets increased their target price on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Finally, Monness Crespi & Hardt increased their price objective on shares of PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $89.48.

PayPal Price Performance

PYPL stock opened at $89.11 on Friday. The firm has a 50-day moving average of $87.76 and a two-hundred day moving average of $77.79. The firm has a market capitalization of $89.34 billion, a PE ratio of 21.27, a P/E/G ratio of 1.54 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $93.66.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the business posted $0.97 EPS. The company’s revenue was up 6.0% on a year-over-year basis. On average, analysts forecast that PayPal Holdings, Inc. will post 4.58 earnings per share 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.