Valley Wealth Managers Inc. Has $20.09 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Valley Wealth Managers Inc. increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 257,499 shares of the credit services provider’s stock after buying an additional 845 shares during the period. PayPal accounts for approximately 1.5% of Valley Wealth Managers Inc.’s holdings, making the stock its 24th biggest holding. Valley Wealth Managers Inc.’s holdings in PayPal were worth $20,093,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Family Firm Inc. acquired a new position in PayPal during the 2nd quarter valued at about $29,000. SYSTM Wealth Solutions LLC lifted its position in PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 167 shares during the period. Tortoise Investment Management LLC lifted its position in PayPal by 930.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 465 shares during the period. Planning Capital Management Corp lifted its position in PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 268 shares during the period. Finally, LRI Investments LLC acquired a new position in PayPal during the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Susquehanna increased their price target on shares of PayPal from $83.00 to $94.00 and gave the company a “positive” rating in a research report on Wednesday, October 30th. TD Cowen increased their price target on shares of PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Robert W. Baird increased their price target on shares of PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Stephens increased their target price on PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Fifteen investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.45.

PayPal Stock Performance

PYPL stock traded up $0.10 during trading hours on Friday, hitting $85.89. 1,063,657 shares of the stock were exchanged, compared to its average volume of 13,441,649. The company has a 50-day simple moving average of $78.52 and a two-hundred day simple moving average of $68.88. The firm has a market capitalization of $86.11 billion, a P/E ratio of 20.45, a P/E/G ratio of 1.56 and a beta of 1.43. PayPal Holdings, Inc. has a 12 month low of $55.28 and a 12 month high of $87.92. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the previous year, the company earned $0.97 EPS. The business’s revenue was up 6.0% on a year-over-year basis. On average, analysts forecast that PayPal Holdings, Inc. will post 4.56 earnings per share for the current fiscal year.

PayPal Company 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.