Bristlecone Advisors LLC Grows Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Bristlecone Advisors LLC increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 17.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 50,124 shares of the credit services provider’s stock after purchasing an additional 7,420 shares during the period. Bristlecone Advisors LLC’s holdings in PayPal were worth $4,278,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wedmont Private Capital raised its holdings in shares of PayPal by 39.0% during the third quarter. Wedmont Private Capital now owns 5,474 shares of the credit services provider’s stock valued at $439,000 after acquiring an additional 1,535 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in PayPal by 2.2% in the 3rd quarter. Valeo Financial Advisors LLC now owns 40,938 shares of the credit services provider’s stock worth $3,194,000 after purchasing an additional 869 shares in the last quarter. Octavia Wealth Advisors LLC purchased a new stake in shares of PayPal in the 3rd quarter worth about $206,000. Ritholtz Wealth Management boosted its stake in shares of PayPal by 3.3% during the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock valued at $369,000 after purchasing an additional 152 shares in the last quarter. Finally, Carnegie Investment Counsel increased its position in shares of PayPal by 14.4% during the third quarter. Carnegie Investment Counsel now owns 219,889 shares of the credit services provider’s stock valued at $17,158,000 after buying an additional 27,705 shares during the period. 68.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PYPL shares. Robert W. Baird reduced their price target on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. The Goldman Sachs Group boosted their price target on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Morgan Stanley lowered their price objective on PayPal from $90.00 to $79.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Susquehanna boosted 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. Finally, JPMorgan Chase & Co. upped their price objective on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Thirteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $90.45.

PayPal Stock Performance

Shares of PYPL stock opened at $77.31 on Monday. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.26. The firm’s 50 day moving average price is $87.52 and its 200-day moving average price is $79.63. The firm has a market cap of $76.48 billion, a P/E ratio of 19.28, a P/E/G ratio of 1.29 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. PayPal’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $1.48 earnings per share. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current 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.