Brave Asset Management Inc. Buys 141 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Brave Asset Management Inc. boosted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,828 shares of the credit services provider’s stock after purchasing an additional 141 shares during the period. Brave Asset Management Inc.’s holdings in PayPal were worth $241,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wolff Wiese Magana LLC increased its holdings in PayPal by 1,911.3% during the 4th quarter. Wolff Wiese Magana LLC now owns 3,379 shares of the credit services provider’s stock worth $288,000 after purchasing an additional 3,211 shares during the period. Nabity Jensen Investment Management Inc grew its position in shares of PayPal by 13.9% during the 4th quarter. Nabity Jensen Investment Management Inc now owns 3,350 shares of the credit services provider’s stock worth $286,000 after buying an additional 408 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of PayPal by 226.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,713 shares of the credit services provider’s stock valued at $146,000 after buying an additional 1,188 shares during the period. Park Avenue Securities LLC raised its holdings in shares of PayPal by 41.1% in the fourth quarter. Park Avenue Securities LLC now owns 41,417 shares of the credit services provider’s stock valued at $3,535,000 after acquiring an additional 12,071 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its stake in PayPal by 41.0% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 16,179 shares of the credit services provider’s stock worth $1,381,000 after acquiring an additional 4,708 shares during the period. 68.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PYPL has been the topic of a number of research reports. Canaccord Genuity Group raised their target price on shares of PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Susquehanna upped their target price on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a report on Monday, January 6th. JPMorgan Chase & Co. lifted their price target on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Macquarie upped their price objective on PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Finally, Wells Fargo & Company lifted their target price on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $89.16.

PayPal Stock Performance

Shares of PayPal stock opened at $89.64 on Thursday. The firm has a market cap of $89.87 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 1.42 and a beta of 1.44. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 52 week low of $55.77 and a 52 week high of $93.66. The business’s fifty day simple moving average is $86.91 and its 200-day simple moving average is $76.31.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. PayPal’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 earnings per share. Equities analysts forecast that PayPal Holdings, Inc. will post 4.57 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.