Valley Wealth Managers Inc. Has $21.18 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Valley Wealth Managers Inc. reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 248,151 shares of the credit services provider's stock after selling 9,348 shares during the quarter. PayPal comprises 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of PayPal in the third quarter valued at about $26,000. Rosenberg Matthew Hamilton grew its position in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after purchasing an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC grew its position in shares of PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after purchasing an additional 272 shares during the last quarter. Planning Capital Management Corp lifted its stake in shares of PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock valued at $32,000 after buying an additional 268 shares during the period. Finally, Financial Management Professionals Inc. lifted its stake in shares of PayPal by 125.3% in the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider's stock valued at $34,000 after buying an additional 243 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Price Performance

Shares of PayPal stock traded down $0.26 during midday trading on Wednesday, reaching $78.36. The company had a trading volume of 9,060,116 shares, compared to its average volume of 11,438,062. 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 $77.52 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 1.28 and a beta of 1.44. The stock has a fifty day simple moving average of $85.98 and a 200 day simple moving average of $80.56. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $8.27 billion. During the same quarter in the previous year, the business earned $1.48 EPS. The business's quarterly revenue was up 4.2% compared to the same quarter last year. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PYPL shares. The Goldman Sachs Group increased their target price 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. Wolfe Research upgraded shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 target price for the company in a research note on Friday, December 13th. StockNews.com upgraded shares of PayPal from a "hold" rating to a "buy" rating in a research note on Tuesday, December 24th. Robert W. Baird reduced their target price on shares of PayPal from $100.00 to $95.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Finally, Morgan Stanley reduced their target price on shares of PayPal from $90.00 to $79.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Thirteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price 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.