New Age Alpha Advisors LLC Boosts Holdings in 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 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 98,133 shares of the credit services provider’s stock after acquiring an additional 13,218 shares during the quarter. New Age Alpha Advisors LLC’s holdings in PayPal were worth $5,729,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in PYPL. Vanguard Group Inc. grew its holdings in shares of PayPal by 6.5% in the fourth 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. Capital Research Global Investors grew its holdings in shares of PayPal by 2.3% in the third 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. Invesco Ltd. grew its holdings in shares of PayPal by 10.9% in the third quarter. Invesco Ltd. now owns 11,131,949 shares of the credit services provider’s stock worth $746,508,000 after purchasing an additional 1,093,365 shares during the last quarter. Amundi grew its holdings in shares of PayPal by 1.6% in the third quarter. Amundi now owns 8,493,311 shares of the credit services provider’s stock worth $605,488,000 after purchasing an additional 132,837 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of PayPal by 35.9% in the third quarter. Dimensional Fund Advisors LP now owns 8,177,536 shares of the credit services provider’s stock worth $548,520,000 after purchasing an additional 2,160,227 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at PayPal

In other news, insider Frank Keller sold 10,732 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $49.96, for a total transaction of $536,170.72. Following the sale, the insider owned 41,567 shares in the company, valued at approximately $2,076,687.32. The trade was a 20.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 13,515 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $46.02, for a total transaction of $621,960.30. Following the sale, the insider owned 30,983 shares in the company, valued at approximately $1,425,837.66. This trade represents a 30.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 57,373 shares of company stock worth $2,684,341 over the last quarter. Corporate insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PYPL. BMO Capital Markets began coverage on shares of PayPal in a report on Tuesday, April 21st. They issued a “market perform” rating and a $52.00 target price on the stock. Zacks Research upgraded shares of PayPal from a “strong sell” rating to a “hold” rating in a report on Friday, April 17th. Canaccord Genuity Group restated a “hold” rating and issued a $42.00 target price on shares of PayPal in a report on Wednesday, May 20th. Daiwa Securities Group upgraded shares of PayPal from a “hold” rating to an “outperform” rating in a report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of PayPal from $50.00 to $45.00 in a report on Monday, May 11th. Eight research analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $55.85.

Read Our Latest Analysis on PayPal

PayPal Stock Performance

NASDAQ:PYPL opened at $44.23 on Monday. The stock has a market cap of $39.02 billion, a P/E ratio of 8.30, a price-to-earnings-growth ratio of 1.11 and a beta of 1.39. The firm’s fifty day simple moving average is $46.40 and its 200 day simple moving average is $52.06. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.50. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPLGet Free Report) last released its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.07. The business had revenue of $8.35 billion for the quarter, compared to analysts’ expectations of $8.05 billion. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.33 earnings per share. As a group, research analysts predict that PayPal Holdings, Inc. will post 5.3 EPS for the current year.

PayPal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be issued a $0.14 dividend. The ex-dividend date is Thursday, June 4th. This represents a $0.56 annualized dividend and a yield of 1.3%. PayPal’s payout ratio is 10.51%.

PayPal News Summary

Here are the key news stories impacting PayPal this week:

PayPal Profile

(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

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPLFree Report).

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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