Great Valley Advisor Group Inc. Decreases Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Great Valley Advisor Group Inc. decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,303 shares of the credit services provider’s stock after selling 436 shares during the period. Great Valley Advisor Group Inc.’s holdings in PayPal were worth $570,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PYPL. United Advisor Group LLC purchased a new stake in PayPal in the third quarter worth about $810,000. FCG Investment Co purchased a new stake in shares of PayPal during the third quarter valued at approximately $1,079,000. Equity Investment Corp boosted its stake in PayPal by 3.5% during the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after purchasing an additional 67,497 shares during the last quarter. Weil Company Inc. increased its holdings in PayPal by 68.9% in the 3rd quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock worth $3,253,000 after buying an additional 17,003 shares in the last quarter. Finally, Brown Financial Advisors bought a new stake in shares of PayPal in the second quarter worth approximately $1,454,000. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Down 0.9 %

Shares of PYPL stock opened at $86.94 on Wednesday. The company has a market cap of $87.16 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 1.54 and a beta of 1.43. PayPal Holdings, Inc. has a 1 year low of $55.71 and a 1 year high of $88.74. The stock’s 50 day simple moving average is $81.04 and its two-hundred day simple moving average is $70.06. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period last year, the company earned $0.97 earnings per share. PayPal’s revenue was up 6.0% on a year-over-year basis. Research analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

Analyst Ratings Changes

PYPL has been the subject of a number of research reports. Phillip Securities reiterated an “accumulate” rating and set a $90.00 price objective (up previously from $80.00) on shares of PayPal in a research report on Friday, November 1st. Stephens lifted their price target on shares of PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. JPMorgan Chase & Co. increased their price objective on shares of PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Mizuho lifted their target price on shares of PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, William Blair raised shares of PayPal to a “hold” rating in a report on Tuesday, July 30th. Sixteen research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.60.

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.