Valeo Financial Advisors LLC Has $2.77 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Valeo Financial Advisors LLC lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 16.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,268 shares of the credit services provider’s stock after selling 8,233 shares during the quarter. Valeo Financial Advisors LLC’s holdings in PayPal were worth $2,765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Evolution Wealth Advisors LLC acquired a new position in shares of PayPal in the first quarter valued at approximately $201,000. Quattro Financial Advisors LLC increased its stake in shares of PayPal by 8,096.7% in the first quarter. Quattro Financial Advisors LLC now owns 5,000 shares of the credit services provider’s stock valued at $335,000 after buying an additional 4,939 shares during the period. Applied Capital LLC FL increased its stake in shares of PayPal by 19.9% in the first quarter. Applied Capital LLC FL now owns 4,188 shares of the credit services provider’s stock valued at $281,000 after buying an additional 695 shares during the period. Narus Financial Partners LLC increased its stake in shares of PayPal by 7.7% in the first quarter. Narus Financial Partners LLC now owns 5,662 shares of the credit services provider’s stock valued at $379,000 after buying an additional 404 shares during the period. Finally, Farmers & Merchants Investments Inc. increased its stake in shares of PayPal by 1.2% in the first quarter. Farmers & Merchants Investments Inc. now owns 156,976 shares of the credit services provider’s stock valued at $10,516,000 after buying an additional 1,812 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Up 1.1 %

Shares of PayPal stock opened at $59.64 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $76.54. The company’s 50 day moving average price is $62.96 and its 200-day moving average price is $62.39. The stock has a market capitalization of $62.39 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 0.96 and a beta of 1.42.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The firm had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. During the same period in the previous year, the firm earned $0.86 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts forecast that PayPal Holdings, Inc. will post 4.14 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. BMO Capital Markets upped their price objective on PayPal from $64.00 to $65.00 and gave the company a “market perform” rating in a research note on Wednesday, May 1st. Mizuho upgraded PayPal from a “neutral” rating to a “buy” rating and upped their target price for the company from $68.00 to $90.00 in a report on Thursday, May 30th. Robert W. Baird upped their target price on PayPal from $70.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Sanford C. Bernstein upped their target price on PayPal from $66.00 to $68.00 and gave the company a “market perform” rating in a report on Thursday, April 18th. Finally, Stephens upped their target price on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, May 1st. Twenty analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $73.82.

Insider Buying and Selling

In related news, Director Deborah M. Messemer sold 4,422 shares of PayPal stock in a transaction on Friday, May 24th. The shares were sold at an average price of $61.65, for a total value of $272,616.30. Following the transaction, the director now directly owns 13,976 shares of the company’s stock, valued at $861,620.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is owned by insiders.

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.