New Age Alpha Advisors LLC Acquires 13,218 Shares of PayPal Holdings, Inc. $PYPL

New Age Alpha Advisors LLC grew its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 15.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,133 shares of the credit services provider’s stock after buying an additional 13,218 shares during the period. New Age Alpha Advisors LLC’s holdings in PayPal were worth $5,729,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of PYPL. Vanguard Group Inc. raised its position in shares of PayPal by 6.5% in the 4th quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock worth $5,276,205,000 after purchasing an additional 5,534,462 shares during the last quarter. National Pension Service raised its position in shares of PayPal by 1.8% in the 3rd quarter. National Pension Service now owns 2,855,897 shares of the credit services provider’s stock worth $191,516,000 after purchasing an additional 51,268 shares during the last quarter. NEOS Investment Management LLC raised its position in shares of PayPal by 47.8% in the 3rd quarter. NEOS Investment Management LLC now owns 411,262 shares of the credit services provider’s stock worth $27,579,000 after purchasing an additional 132,942 shares during the last quarter. Kovitz Investment Group Partners LLC raised its position in shares of PayPal by 21.1% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 463,701 shares of the credit services provider’s stock worth $31,096,000 after purchasing an additional 80,744 shares during the last quarter. Finally, Capital Research Global Investors raised its position in shares of PayPal by 2.3% in the 3rd quarter. Capital Research Global Investors now owns 27,953,803 shares of the credit services provider’s stock worth $1,874,637,000 after purchasing an additional 636,441 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Trending Headlines about PayPal

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Analyst Upgrades and Downgrades

PYPL has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered their price target on PayPal from $70.00 to $46.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Robert W. Baird set a $52.00 price target on PayPal in a research report on Wednesday, February 4th. Citizens Jmp reaffirmed a “market perform” rating on shares of PayPal in a research report on Wednesday, February 4th. Rothschild & Co Redburn lowered their price target on PayPal from $50.00 to $32.00 and set a “sell” rating for the company in a research report on Wednesday, February 11th. Finally, Loop Capital initiated coverage on PayPal in a research report on Tuesday, March 31st. They issued a “hold” rating and a $46.00 price target for the company. Eight analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $55.85.

Check Out Our Latest Stock Analysis on PayPal

Insiders Place Their Bets

In other PayPal news, CAO Chris Natali sold 2,208 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $44.73, for a total value of $98,763.84. Following the completion of the transaction, the chief accounting officer owned 1,140 shares of the company’s stock, valued at approximately $50,992.20. The trade was a 65.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Frank Keller sold 29,581 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $46.02, for a total value of $1,361,317.62. Following the sale, the executive vice president owned 51,567 shares of the company’s stock, valued at approximately $2,373,113.34. This represents a 36.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 57,373 shares of company stock valued at $2,684,341. 0.63% of the stock is owned by insiders.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $44.23 on Monday. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $79.50. The business has a 50-day simple moving average of $46.40 and a two-hundred day simple moving average of $52.06. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $39.02 billion, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of 1.11 and a beta of 1.39.

PayPal (NASDAQ:PYPLGet Free Report) last issued its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The business had revenue of $8.35 billion during the quarter, compared to analyst estimates of $8.05 billion. During the same quarter in the previous year, the firm earned $1.33 EPS. PayPal’s revenue was up 7.2% on a year-over-year basis. On average, analysts expect that PayPal Holdings, Inc. will post 5.3 earnings per share for the current year.

PayPal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. PayPal’s payout ratio is 10.51%.

About PayPal

(Free Report)

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.

See Also

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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