Bradyco Inc. Invests $406,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

Bradyco Inc. bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 4,455 shares of the credit services provider's stock, valued at approximately $406,000.

Several other hedge funds have also recently bought and sold shares of PYPL. Mizuho Securities USA LLC lifted its position in shares of PayPal by 12,919.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider's stock worth $819,315,000 after buying an additional 10,419,351 shares during the last quarter. FMR LLC raised its stake in PayPal by 86.3% during the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider's stock worth $1,307,945,000 after acquiring an additional 7,767,072 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of PayPal in the third quarter worth about $387,435,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of PayPal by 174.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider's stock worth $361,316,000 after acquiring an additional 2,689,162 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of PayPal in the 4th quarter valued at approximately $135,537,000. 68.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PYPL has been the subject of a number of research analyst reports. Citigroup reiterated an "outperform" rating on shares of PayPal in a research report on Wednesday, February 5th. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of PayPal in a research note on Tuesday, February 4th. DZ Bank raised PayPal from a "hold" rating to a "buy" rating and set a $92.00 price objective on the stock in a report on Friday, February 28th. 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. Finally, Wolfe Research raised PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price target on the stock in a research note on Friday, December 13th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, PayPal presently has a consensus rating of "Moderate Buy" and an average price target of $90.03.

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PayPal Stock Down 3.3 %

PayPal stock traded down $2.32 during midday trading on Monday, reaching $68.16. The stock had a trading volume of 14,993,467 shares, compared to its average volume of 12,391,431. The company has a fifty day moving average price of $81.75 and a two-hundred day moving average price of $81.13. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $67.43 billion, a P/E ratio of 17.00, a PEG ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. The company's quarterly revenue was up 4.2% on a year-over-year basis. As a group, equities analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the sale, the director now directly owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company's stock.

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.