Valeo Financial Advisors LLC Grows Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Valeo Financial Advisors LLC grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,938 shares of the credit services provider’s stock after purchasing an additional 869 shares during the quarter. Valeo Financial Advisors LLC’s holdings in PayPal were worth $3,194,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PYPL. Pittenger & Anderson Inc. lifted its position in PayPal by 77.5% during the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after buying an additional 172 shares during the period. American National Bank purchased a new position in PayPal during the first quarter valued at $27,000. Family Firm Inc. purchased a new position in PayPal during the second quarter valued at $29,000. SYSTM Wealth Solutions LLC lifted its position in PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after buying an additional 167 shares during the period. Finally, Register Financial Advisors LLC purchased a new position in PayPal during the first quarter valued at $30,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 1.9 %

PYPL stock opened at $80.51 on Friday. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $82.00. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The stock has a market cap of $84.22 billion, a P/E ratio of 20.28, a PEG ratio of 1.49 and a beta of 1.44. The business’s 50-day moving average price is $72.42 and its 200-day moving average price is $66.12.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The company had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the previous year, the firm earned $0.83 EPS. The firm’s revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 4.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Mizuho reissued an “outperform” rating and set a $90.00 price objective on shares of PayPal in a research report on Tuesday, August 20th. StockNews.com downgraded PayPal from a “buy” rating to a “hold” rating in a report on Thursday, September 19th. Jefferies Financial Group reduced their price target on PayPal from $70.00 to $65.00 in a report on Monday, July 29th. Canaccord Genuity Group restated a “buy” rating and set a $80.00 price target on shares of PayPal in a report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $78.00 price target on shares of PayPal in a report on Wednesday, September 18th. Seventeen equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and an average target price of $76.47.

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.