PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 248,151 shares of the credit services provider’s stock after selling 9,348 shares during the period. PayPal makes up approximately 1.6% of Valley Wealth Managers Inc.’s portfolio, making the stock its 17th biggest holding. Valley Wealth Managers Inc.’s holdings in PayPal were worth $21,180,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PYPL. Global Retirement Partners LLC boosted its stake in shares of PayPal by 17.5% during the 3rd quarter. Global Retirement Partners LLC now owns 8,285 shares of the credit services provider’s stock worth $646,000 after acquiring an additional 1,232 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in shares of PayPal by 4.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 16,041 shares of the credit services provider’s stock worth $1,252,000 after acquiring an additional 704 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of PayPal by 126.5% during the 3rd quarter. Blue Trust Inc. now owns 7,607 shares of the credit services provider’s stock worth $594,000 after acquiring an additional 4,249 shares in the last quarter. First Citizens Bank & Trust Co. purchased a new stake in shares of PayPal during the 3rd quarter worth about $265,000. Finally, OLD National Bancorp IN boosted its stake in shares of PayPal by 25.1% during the 3rd quarter. OLD National Bancorp IN now owns 91,554 shares of the credit services provider’s stock worth $7,144,000 after acquiring an additional 18,383 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Up 1.8 %

PayPal stock opened at $77.97 on Tuesday. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.26. The firm has a 50 day moving average price of $86.42 and a 200 day moving average price of $80.36. The company has a market capitalization of $77.13 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PYPL shares. Piper Sandler increased their target price on shares of PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. raised their price target on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Morgan Stanley decreased 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 note on Wednesday, February 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Wednesday, February 5th. Finally, Phillip Securities reaffirmed an “accumulate” rating and issued a $90.00 price target (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. Thirteen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, PayPal currently has an average rating of “Moderate Buy” and an average price target of $90.52.

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.