New Age Alpha Advisors LLC Takes $10.02 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

New Age Alpha Advisors LLC bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 117,394 shares of the credit services provider’s stock, valued at approximately $10,020,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd acquired a new stake in PayPal in the third quarter valued at $26,000. Rosenberg Matthew Hamilton raised its position in shares of PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its holdings in PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 272 shares during the last quarter. Legacy Investment Solutions LLC acquired a new stake in PayPal during the 3rd quarter valued at approximately $36,000. Finally, Modus Advisors LLC bought a new position in PayPal during the 4th quarter worth approximately $37,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Down 1.6 %

PayPal stock opened at $68.86 on Friday. The firm has a 50 day simple moving average of $76.81 and a 200 day simple moving average of $80.76. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The firm has a market capitalization of $68.12 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.48 earnings per share. On average, analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PYPL shares. Morgan Stanley lifted their target price on shares of PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research report on Wednesday, February 26th. Macquarie raised their target price on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target on the stock in a research note on Friday, December 13th. Finally, Citigroup reiterated an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.03.

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.