Bank of Jackson Hole Trust Takes $41,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Bank of Jackson Hole Trust purchased a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 486 shares of the credit services provider’s stock, valued at approximately $41,000.

A number of other hedge funds have also recently made changes to their positions in the company. Klingman & Associates LLC acquired a new stake in shares of PayPal during the fourth quarter valued at about $216,000. New York State Common Retirement Fund lifted its stake in shares of PayPal by 0.8% in the fourth quarter. New York State Common Retirement Fund now owns 1,322,016 shares of the credit services provider’s stock worth $112,834,000 after acquiring an additional 11,060 shares during the period. Davidson Investment Advisors lifted its stake in shares of PayPal by 1.5% in the fourth quarter. Davidson Investment Advisors now owns 269,836 shares of the credit services provider’s stock worth $23,031,000 after acquiring an additional 4,075 shares during the period. Waycross Partners LLC lifted its stake in shares of PayPal by 39.3% in the fourth quarter. Waycross Partners LLC now owns 147,431 shares of the credit services provider’s stock worth $12,583,000 after acquiring an additional 41,619 shares during the period. Finally, Kestra Investment Management LLC acquired a new position in shares of PayPal in the fourth quarter worth approximately $111,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PYPL. Canaccord Genuity Group lifted their price objective on PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Wells Fargo & Company lifted their price objective on PayPal from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. BMO Capital Markets lifted their price objective on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Finally, Macquarie lifted their price objective on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Thirteen analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $90.52.

PayPal Stock Down 0.9 %

Shares of NASDAQ:PYPL opened at $77.63 on Friday. The stock has a market cap of $76.79 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 1.29 and a beta of 1.44. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 12-month low of $56.97 and a 12-month high of $93.66. The business’s 50 day moving average is $85.73 and its 200 day moving average is $80.55.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. PayPal’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.48 earnings per share. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal 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.