Nabity Jensen Investment Management Inc Purchases 408 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Nabity Jensen Investment Management Inc lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 13.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,350 shares of the credit services provider’s stock after purchasing an additional 408 shares during the quarter. Nabity Jensen Investment Management Inc’s holdings in PayPal were worth $286,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. boosted its stake in PayPal by 226.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,713 shares of the credit services provider’s stock worth $146,000 after purchasing an additional 1,188 shares during the period. Park Avenue Securities LLC boosted its position in shares of PayPal by 41.1% during the fourth quarter. Park Avenue Securities LLC now owns 41,417 shares of the credit services provider’s stock worth $3,535,000 after buying an additional 12,071 shares during the period. Fifth Third Wealth Advisors LLC grew its holdings in shares of PayPal by 41.0% during 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 buying an additional 4,708 shares in the last quarter. Oak Thistle LLC bought a new position in shares of PayPal during the fourth quarter worth about $209,000. Finally, Wynn Capital LLC raised its position in PayPal by 1.1% in the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock valued at $983,000 after buying an additional 130 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analysts Set New Price Targets

PYPL has been the topic of several recent research reports. Mizuho lifted their price target on shares of PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. UBS Group increased their price target on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. Canaccord Genuity Group increased their price objective on PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Citigroup boosted their price objective on shares of PayPal from $94.00 to $97.00 and gave the stock a “buy” rating in a research note on Tuesday. 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.16.

PayPal Trading Up 3.8 %

Shares of PYPL stock opened at $87.18 on Wednesday. The business has a 50-day moving average of $86.91 and a 200 day moving average of $76.31. 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 Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66. The stock has a market capitalization of $87.40 billion, a PE ratio of 20.81, a P/E/G ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion during 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 business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 earnings per share. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.57 earnings per share 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.