Valley Wealth Managers Inc. Has $11.66 Million Position in PayPal Holdings, Inc. $PYPL

Valley Wealth Managers Inc. lessened its position in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 12.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 199,658 shares of the credit services provider’s stock after selling 29,617 shares during the period. Valley Wealth Managers Inc.’s holdings in PayPal were worth $11,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of PYPL. Cloud Capital Management LLC bought a new position in PayPal during the third quarter worth about $30,000. Kelleher Financial Advisors acquired a new position in PayPal during the third quarter worth approximately $30,000. Torren Management LLC bought a new stake in PayPal in the fourth quarter valued at approximately $31,000. Dagco Inc. raised its stake in PayPal by 1,250.0% in the third quarter. Dagco Inc. now owns 540 shares of the credit services provider’s stock valued at $36,000 after buying an additional 500 shares during the period. Finally, Strategic Advocates LLC acquired a new stake in shares of PayPal in the third quarter valued at approximately $38,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about PayPal

Here are the key news stories impacting PayPal this week:

Insider Activity at PayPal

In other PayPal news, CAO Chris Natali sold 2,208 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $44.73, for a total value of $98,763.84. Following the completion of the sale, the chief accounting officer owned 1,140 shares of the company’s stock, valued at $50,992.20. The trade was a 65.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Frank Keller sold 29,581 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total transaction of $1,361,317.62. Following the transaction, the executive vice president directly owned 51,567 shares in the company, valued at $2,373,113.34. This represents a 36.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 96,199 shares of company stock worth $4,294,018. Corporate insiders own 0.63% of the company’s stock.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $45.07 on Tuesday. The firm has a market cap of $39.76 billion, a P/E ratio of 8.46, a price-to-earnings-growth ratio of 1.13 and a beta of 1.39. The business’s 50 day moving average is $46.71 and its 200-day moving average is $53.65. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 1-year low of $38.46 and a 1-year high of $79.50.

PayPal (NASDAQ:PYPLGet Free Report) last released its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.07. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The business had revenue of $8.35 billion during the quarter, compared to the consensus estimate of $8.05 billion. During the same period in the previous year, the company posted $1.33 EPS. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. Equities research analysts predict that PayPal Holdings, Inc. will post 5.32 earnings per share for the current year.

PayPal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a $0.14 dividend. The ex-dividend date is Thursday, June 4th. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. PayPal’s dividend payout ratio is 10.51%.

Wall Street Analyst Weigh In

PYPL has been the topic of a number of recent analyst reports. Truist Financial boosted their target price on PayPal from $39.00 to $45.00 and gave the stock a “sell” rating in a report on Friday, April 24th. BNP Paribas Exane raised their price target on PayPal from $41.00 to $43.50 and gave the company a “neutral” rating in a report on Friday, April 10th. BMO Capital Markets assumed coverage on shares of PayPal in a research report on Tuesday, April 21st. They set a “market perform” rating and a $52.00 price objective for the company. Compass Point upgraded shares of PayPal from a “sell” rating to a “neutral” rating and set a $51.00 price objective on the stock in a report on Wednesday, February 4th. Finally, Mizuho reissued a “neutral” rating and issued a $50.00 price objective (down from $60.00) on shares of PayPal in a research report on Thursday, April 16th. Eight investment analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $56.42.

Check Out Our Latest Analysis on PYPL

PayPal Company Profile

(Free Report)

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.

See Also

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPLFree Report).

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.