JB Capital LLC Increases Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

JB Capital LLC boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,155 shares of the credit services provider’s stock after purchasing an additional 1,224 shares during the period. JB Capital LLC’s holdings in PayPal were worth $3,289,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PYPL. Keudell Morrison Wealth Management acquired a new position in shares of PayPal in the third quarter valued at approximately $267,000. Kornitzer Capital Management Inc. KS grew its position in shares of PayPal by 1.9% in the third quarter. Kornitzer Capital Management Inc. KS now owns 280,012 shares of the credit services provider’s stock valued at $21,849,000 after purchasing an additional 5,286 shares during the period. Principal Financial Group Inc. increased its stake in PayPal by 2.1% in the third quarter. Principal Financial Group Inc. now owns 1,182,316 shares of the credit services provider’s stock valued at $92,256,000 after purchasing an additional 24,193 shares during the last quarter. WoodTrust Financial Corp lifted its position in PayPal by 7.9% during the third quarter. WoodTrust Financial Corp now owns 63,926 shares of the credit services provider’s stock worth $4,988,000 after buying an additional 4,688 shares during the period. Finally, Vickerman Investment Advisors Inc. grew its holdings in PayPal by 1.1% in the 3rd quarter. Vickerman Investment Advisors Inc. now owns 45,718 shares of the credit services provider’s stock valued at $3,567,000 after buying an additional 511 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Price Performance

Shares of NASDAQ PYPL traded up $0.67 during mid-day trading on Thursday, reaching $82.08. 1,475,896 shares of the company traded hands, compared to its average volume of 13,542,126. PayPal Holdings, Inc. has a fifty-two week low of $53.55 and a fifty-two week high of $83.70. The firm has a market cap of $82.29 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43. The stock has a fifty day simple moving average of $77.00 and a 200-day simple moving average of $68.05. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25.

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. The company had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 EPS. Equities research analysts anticipate that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PYPL has been the topic of several recent analyst reports. William Blair raised shares of PayPal to a “hold” rating in a research report on Tuesday, July 30th. Morgan Stanley lifted their price target on shares of PayPal from $71.00 to $76.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price objective on PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Oppenheimer began coverage on PayPal in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Finally, Daiwa Capital Markets raised PayPal from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $68.00 to $72.00 in a report on Friday, August 9th. Fifteen investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.45.

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.