Vickerman Investment Advisors Inc. Grows Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Vickerman Investment Advisors Inc. boosted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 45,718 shares of the credit services provider’s stock after acquiring an additional 511 shares during the quarter. Vickerman Investment Advisors Inc.’s holdings in PayPal were worth $3,567,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in PYPL. Family Firm Inc. bought a new position in PayPal during the 2nd quarter valued at about $29,000. SYSTM Wealth Solutions LLC grew its stake in PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 167 shares in the last quarter. Tortoise Investment Management LLC grew its stake in PayPal by 930.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 465 shares in the last quarter. CarsonAllaria Wealth Management Ltd. grew its stake in PayPal by 65.8% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 185 shares in the last quarter. Finally, LRI Investments LLC bought a new position in PayPal in the 1st quarter worth about $34,000. 68.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on PYPL. Morgan Stanley upped their target price on shares of PayPal from $71.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group upped their target price on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Argus upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. BMO Capital Markets upped their price target on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Finally, UBS Group upped their price target on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Fifteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.45.

PayPal Trading Up 2.7 %

Shares of PayPal stock opened at $81.41 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 12-month low of $53.55 and a 12-month high of $83.70. The firm has a market capitalization of $81.62 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 1.39 and a beta of 1.43. The firm’s 50 day simple moving average is $77.00 and its two-hundred day simple moving average is $68.05.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.97 earnings per share. Analysts predict that PayPal Holdings, Inc. will post 4.56 EPS for the current year.

PayPal 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.