Valmark Advisers Inc. Sells 352 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Valmark Advisers Inc. lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,214 shares of the credit services provider’s stock after selling 352 shares during the quarter. Valmark Advisers Inc.’s holdings in PayPal were worth $1,042,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of PYPL. Gordian Capital Singapore Pte Ltd acquired a new stake in PayPal during the third quarter worth about $26,000. Rosenberg Matthew Hamilton increased its position in shares of PayPal by 67.6% during 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 period. Sugarloaf Wealth Management LLC increased its position in shares of PayPal by 344.3% during 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 period. Planning Capital Management Corp increased its position in shares of PayPal by 186.1% during the third 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, Financial Management Professionals Inc. increased its position in shares of PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 243 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Performance

PYPL stock opened at $77.97 on Tuesday. The business’s fifty day moving average is $86.42 and its 200-day moving average is $80.36. The company has a quick ratio of 1.25, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market cap of $77.13 billion, a P/E ratio of 19.44, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.48 earnings per share. Equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PYPL. Barclays increased their price objective on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 price objective on shares of PayPal in a report on Thursday, December 12th. The Goldman Sachs Group increased their target price on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Macquarie boosted their price target on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. lifted their price objective on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Thirteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.52.

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.