Beacon Investment Advisory Services Inc. Has $18.84 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Beacon Investment Advisory Services Inc. lifted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4,428.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 220,776 shares of the credit services provider’s stock after buying an additional 215,901 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in PayPal were worth $18,843,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Sei Investments Co. raised its position in PayPal by 35.4% during the second quarter. Sei Investments Co. now owns 147,259 shares of the credit services provider’s stock worth $8,545,000 after acquiring an additional 38,488 shares in the last quarter. Gabelli Funds LLC raised its holdings in shares of PayPal by 10.1% in the 2nd quarter. Gabelli Funds LLC now owns 36,310 shares of the credit services provider’s stock valued at $2,107,000 after purchasing an additional 3,320 shares during the period. Public Sector Pension Investment Board lifted its stake in PayPal by 49.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 46,228 shares of the credit services provider’s stock valued at $2,683,000 after purchasing an additional 15,316 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in PayPal by 56.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 191,555 shares of the credit services provider’s stock valued at $11,116,000 after purchasing an additional 68,883 shares during the last quarter. Finally, Insigneo Advisory Services LLC grew its holdings in PayPal by 11.3% during the second quarter. Insigneo Advisory Services LLC now owns 22,047 shares of the credit services provider’s stock worth $1,333,000 after purchasing an additional 2,239 shares during the period. Institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PYPL. UBS Group increased their price target on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group raised their target price on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Sanford C. Bernstein downgraded shares of PayPal from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $75.00 to $80.00 in a report on Thursday, October 10th. Keefe, Bruyette & Woods increased their price target on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Canaccord Genuity Group boosted their price objective on PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Fourteen investment 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 MarketBeat, PayPal presently has an average rating of “Moderate Buy” and an average price target of $89.32.

PayPal Trading Up 0.1 %

Shares of PayPal stock opened at $89.85 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock has a fifty day simple moving average of $87.62 and a 200 day simple moving average of $77.49. PayPal Holdings, Inc. has a 12-month low of $55.77 and a 12-month high of $93.66. The company has a market capitalization of $90.08 billion, a P/E ratio of 21.44, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.97 earnings per share. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.57 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.