Hohimer Wealth Management LLC Grows Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Hohimer Wealth Management LLC raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 63,498 shares of the credit services provider’s stock after acquiring an additional 632 shares during the period. PayPal makes up 1.1% of Hohimer Wealth Management LLC’s investment portfolio, making the stock its 22nd largest position. Hohimer Wealth Management LLC’s holdings in PayPal were worth $4,955,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bruce G. Allen Investments LLC boosted its stake in PayPal by 7.4% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock worth $141,000 after purchasing an additional 124 shares during the period. First United Bank & Trust boosted its position in shares of PayPal by 6.4% in the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock valued at $187,000 after acquiring an additional 145 shares during the period. Ritholtz Wealth Management grew its stake in PayPal by 3.3% during the third quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock valued at $369,000 after acquiring an additional 152 shares in the last quarter. Laraway Financial Advisors Inc increased its holdings in PayPal by 3.8% during the 3rd quarter. Laraway Financial Advisors Inc now owns 4,228 shares of the credit services provider’s stock worth $330,000 after acquiring an additional 154 shares during the period. Finally, SYSTM Wealth Solutions LLC lifted 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 purchasing an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PYPL shares. Phillip Securities restated an “accumulate” rating and set a $90.00 target price (up from $80.00) on shares of PayPal in a research report on Friday, November 1st. Keefe, Bruyette & Woods boosted their price objective on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday. The Goldman Sachs Group raised their target price on shares of PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price target 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. Finally, UBS Group raised their price objective on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Sixteen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, PayPal has an average rating of “Moderate Buy” and a consensus price target of $85.70.

PayPal Price Performance

Shares of PayPal stock opened at $88.76 on Wednesday. The company has a market capitalization of $88.99 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 1.64 and a beta of 1.44. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock’s 50-day simple moving average is $82.90 and its 200-day simple moving average is $71.58. PayPal Holdings, Inc. has a 52 week low of $55.77 and a 52 week high of $93.66.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results 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 return on equity of 23.44% and a net margin of 14.08%. The company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the previous year, the firm earned $0.97 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. As a group, analysts expect that PayPal Holdings, Inc. will post 4.57 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.