PayPal Holdings, Inc. (NASDAQ:PYPL) Stake Lowered by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC reduced its stake in PayPal Holdings by 5.6% during the 1st quarter, resulting in a holding of 110,845 shares worth approximately $7.23 million.
• A significant number of institutional investors modified their positions in PayPal, with ING Groep NV increasing its stake by 276.7%, owning now 26,123 shares valued at around $1.7 million.
• Analysts have mixed ratings on PayPal, with an average rating of “Moderate Buy” and a consensus price target of $84.57, despite two analysts giving it a sell rating.

New Age Alpha Advisors LLC reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,845 shares of the credit services provider's stock after selling 6,549 shares during the period. New Age Alpha Advisors LLC's holdings in PayPal were worth $7,233,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PYPL. Thoroughbred Financial Services LLC grew its stake in shares of PayPal by 30.5% in the 1st quarter. Thoroughbred Financial Services LLC now owns 30,845 shares of the credit services provider's stock valued at $2,012,000 after buying an additional 7,206 shares in the last quarter. Sfmg LLC grew its stake in shares of PayPal by 7.4% in the 1st quarter. Sfmg LLC now owns 3,251 shares of the credit services provider's stock valued at $212,000 after buying an additional 223 shares in the last quarter. Accent Capital Management LLC grew its position in PayPal by 7.9% in the first quarter. Accent Capital Management LLC now owns 6,957 shares of the credit services provider's stock worth $454,000 after acquiring an additional 508 shares in the last quarter. Probity Advisors Inc. grew its position in PayPal by 17.5% in the first quarter. Probity Advisors Inc. now owns 13,280 shares of the credit services provider's stock worth $867,000 after acquiring an additional 1,981 shares in the last quarter. Finally, ING Groep NV grew its position in PayPal by 276.7% in the first quarter. ING Groep NV now owns 26,123 shares of the credit services provider's stock worth $1,705,000 after acquiring an additional 19,188 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

Analyst Upgrades and Downgrades

PYPL has been the subject of several recent research reports. Citigroup reissued a "buy" rating on shares of PayPal in a research report on Tuesday, July 29th. Bank of America decreased their price objective on shares of PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a report on Monday, April 14th. Seaport Res Ptn upgraded PayPal from a "strong sell" rating to a "hold" rating in a research note on Monday, July 14th. Monness Crespi & Hardt decreased their price target on PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Robert W. Baird increased their price target on PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $84.57.

PayPal Stock Performance

NASDAQ:PYPL opened at $68.01 on Tuesday. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $64.98 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 1.03 and a beta of 1.42. The firm has a 50-day moving average price of $73.10 and a 200 day moving average price of $72.01.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.30 by $0.10. PayPal had a return on equity of 25.35% and a net margin of 14.49%. The business had revenue of $8.29 billion during the quarter, compared to analysts' expectations of $8.08 billion. During the same period in the prior year, the firm posted $1.19 EPS. Research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Deborah M. Messemer sold 3,795 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the sale, the director owned 13,976 shares in the company, valued at $1,020,248. This trade represents a 21.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $304,824.88. Following the sale, the insider owned 48,483 shares of the company's stock, valued at $3,550,894.92. This trade represents a 7.91% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,736 shares of company stock valued at $1,620,835. 0.08% of the stock is owned by insiders.

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.

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