Bryn Mawr Capital Management LLC Has $6.09 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Bryn Mawr Capital Management LLC increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 1,969.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,309 shares of the credit services provider's stock after purchasing an additional 67,864 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in PayPal were worth $6,086,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. raised its position in PayPal by 19.8% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 5,214 shares of the credit services provider's stock worth $407,000 after acquiring an additional 863 shares in the last quarter. Raleigh Capital Management Inc. raised its position in PayPal by 76.8% in the third quarter. Raleigh Capital Management Inc. now owns 1,437 shares of the credit services provider's stock worth $112,000 after acquiring an additional 624 shares in the last quarter. Foundations Investment Advisors LLC raised its position in PayPal by 11.0% in the third quarter. Foundations Investment Advisors LLC now owns 4,243 shares of the credit services provider's stock worth $331,000 after acquiring an additional 421 shares in the last quarter. Calton & Associates Inc. bought a new stake in PayPal in the third quarter worth about $370,000. Finally, Sequoia Financial Advisors LLC raised its position in PayPal by 34.4% in the third quarter. Sequoia Financial Advisors LLC now owns 25,668 shares of the credit services provider's stock worth $2,003,000 after acquiring an additional 6,564 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

PayPal Stock Performance

PYPL stock traded down $2.31 during midday trading on Friday, hitting $75.32. The stock had a trading volume of 10,658,206 shares, compared to its average volume of 11,335,099. The firm has a market capitalization of $74.51 billion, a price-to-earnings ratio of 18.78, a P/E/G ratio of 1.28 and a beta of 1.44. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The stock has a 50-day simple moving average of $85.50 and a 200 day simple moving average of $80.53. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion during 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% compared to the same quarter last year. During the same period last year, the business earned $1.48 earnings per share. As a group, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on PYPL shares. Morgan Stanley dropped their price target on shares of PayPal from $90.00 to $79.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Canaccord Genuity Group upped their price objective on shares of PayPal from $80.00 to $96.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. The Goldman Sachs Group upped their price objective on shares of PayPal from $79.00 to $87.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Citigroup upped their price objective on shares of PayPal from $97.00 to $98.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th. Finally, Wolfe Research raised shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price objective for the company in a research note on Friday, December 13th. Thirteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, PayPal currently has an average rating of "Moderate Buy" and a consensus target price of $90.52.

PayPal 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.