OMC Financial Services LTD Takes $229,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

OMC Financial Services LTD purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,414 shares of the credit services provider’s stock, valued at approximately $229,000.

Other large investors also recently made changes to their positions in the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in PayPal during the 4th quarter worth $25,000. Pittenger & Anderson Inc. raised its stake in PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after buying an additional 172 shares during the period. American National Bank acquired a new stake in PayPal during the 1st quarter worth $27,000. Private Wealth Management Group LLC acquired a new stake in PayPal during the 4th quarter worth $29,000. Finally, Register Financial Advisors LLC acquired a new stake in PayPal during the 1st quarter worth $30,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Price Performance

Shares of NASDAQ PYPL traded down $3.33 during midday trading on Friday, reaching $61.98. The company’s stock had a trading volume of 23,117,055 shares, compared to its average volume of 12,879,998. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.24. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $70.66. The business’s 50 day moving average price is $61.01 and its two-hundred day moving average price is $62.22. The company has a market cap of $63.36 billion, a P/E ratio of 15.61, a P/E/G ratio of 0.93 and a beta of 1.42.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The business had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same period in the previous year, the business earned $0.83 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. On average, analysts forecast that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several analysts recently commented on PYPL shares. Robert W. Baird raised their price objective on PayPal from $77.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday. BMO Capital Markets increased their target price on PayPal from $65.00 to $72.00 and gave the stock a “market perform” rating in a report on Wednesday. StockNews.com cut PayPal from a “buy” rating to a “hold” rating in a report on Monday, July 29th. JMP Securities increased their target price on PayPal from $70.00 to $82.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 1st. Finally, William Blair upgraded PayPal to a “hold” rating in a report on Tuesday. Nineteen equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, PayPal has a consensus rating of “Hold” and an average target price of $74.94.

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.