PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC cut its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 17.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,303 shares of the credit services provider's stock after selling 5,289 shares during the period. Alpha Omega Wealth Management LLC's holdings in PayPal were worth $1,586,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new position in PayPal in the 4th quarter worth approximately $25,000. Hurley Capital LLC purchased a new stake in shares of PayPal in the 4th quarter valued at $27,000. Bernard Wealth Management Corp. purchased a new stake in shares of PayPal in the 4th quarter valued at $34,000. Pinney & Scofield Inc. acquired a new stake in shares of PayPal in the fourth quarter worth $35,000. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of PayPal during the fourth quarter worth $38,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on PYPL. Bank of America lowered their price target on shares of PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Macquarie decreased their price objective on PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Royal Bank of Canada dropped their target price on PayPal from $104.00 to $88.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Barclays reduced their price target on PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Finally, Wall Street Zen upgraded PayPal from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $83.29.

Insider Activity

In other PayPal news, Director Deborah M. Messemer sold 3,795 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the sale, the director now owns 13,976 shares of the company's stock, valued at $1,020,248. This trade represents a 21.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $304,824.88. Following the completion of the transaction, the insider now directly owns 48,483 shares in the company, valued at approximately $3,550,894.92. This trade represents a 7.91% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,796 shares of company stock valued at $863,028. 0.08% of the stock is currently owned by insiders.

PayPal Price Performance

PYPL traded up $0.20 during trading on Thursday, reaching $74.81. The company's stock had a trading volume of 8,638,641 shares, compared to its average volume of 11,012,044. The company has a market cap of $72.76 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 1.27 and a beta of 1.45. The firm has a fifty day simple moving average of $67.88 and a two-hundred day simple moving average of $75.93. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. The firm had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm's revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.08 earnings per share. As a group, analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.