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

Vickerman Investment Advisors Inc. boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,718 shares of the credit services provider’s stock after purchasing 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.

A number of other hedge funds and other institutional investors have also bought and sold shares of PYPL. Central Pacific Bank Trust Division purchased a new stake in shares of PayPal during the first quarter valued at approximately $176,000. GSA Capital Partners LLP grew its holdings in shares of PayPal by 12.3% during the first quarter. GSA Capital Partners LLP now owns 13,341 shares of the credit services provider’s stock valued at $894,000 after buying an additional 1,465 shares during the last quarter. Advisory Services Network LLC boosted its holdings in PayPal by 0.9% in the first quarter. Advisory Services Network LLC now owns 97,012 shares of the credit services provider’s stock worth $6,499,000 after purchasing an additional 829 shares during the last quarter. Empirical Finance LLC boosted its holdings in PayPal by 3.3% in the first quarter. Empirical Finance LLC now owns 40,890 shares of the credit services provider’s stock worth $2,739,000 after purchasing an additional 1,294 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in PayPal by 17.3% in the first quarter. LSV Asset Management now owns 2,480,900 shares of the credit services provider’s stock worth $166,195,000 after purchasing an additional 365,300 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on PYPL shares. Daiwa America upgraded shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. TD Cowen raised their target price on shares of PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. raised their target price on shares of PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $78.00 price target on shares of PayPal in a research report on Wednesday, September 18th. Fifteen equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and an average target price of $83.45.

PayPal Stock Performance

PYPL opened at $81.41 on Thursday. PayPal Holdings, Inc. has a fifty-two week low of $53.55 and a fifty-two week high of $83.70. The stock 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 company has a fifty day moving average of $77.00 and a 200 day moving average of $68.05. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same period last year, the company posted $0.97 EPS. The business’s revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 4.56 earnings per share for the current fiscal year.

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.