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

New Age Alpha Advisors LLC bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 117,394 shares of the credit services provider's stock, valued at approximately $10,020,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. United Bank raised its holdings in shares of PayPal by 9.7% in the third quarter. United Bank now owns 8,941 shares of the credit services provider's stock valued at $698,000 after acquiring an additional 794 shares in the last quarter. Townsquare Capital LLC raised its holdings in shares of PayPal by 23.1% in the 3rd quarter. Townsquare Capital LLC now owns 41,561 shares of the credit services provider's stock valued at $3,243,000 after purchasing an additional 7,812 shares in the last quarter. Freedom Investment Management Inc. bought a new position in shares of PayPal during the third quarter valued at approximately $359,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in PayPal by 5.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 321,643 shares of the credit services provider's stock valued at $25,098,000 after buying an additional 16,510 shares during the period. Finally, CreativeOne Wealth LLC purchased a new stake in PayPal during the third quarter worth $582,000. Hedge funds and other institutional investors own 68.32% of the company's stock.

Insider Activity

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 stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.14% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts have recently issued reports on PYPL shares. Barclays lifted their price target on PayPal from $92.00 to $110.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. Arete Research downgraded shares of PayPal from a "strong-buy" rating to a "hold" rating in a report on Thursday. Needham & Company LLC reissued a "hold" rating on shares of PayPal in a research report on Wednesday, February 26th. DZ Bank raised shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 price objective on the stock in a research report on Friday, February 28th. Finally, Bank of America raised shares of PayPal from a "neutral" rating to a "buy" rating and increased their target price for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Sixteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, PayPal presently has a consensus rating of "Moderate Buy" and an average price target of $89.40.

PayPal Price Performance

Shares of NASDAQ:PYPL traded down $0.51 during midday trading on Monday, hitting $64.64. The company had a trading volume of 3,884,954 shares, compared to its average volume of 11,197,339. The business's 50-day simple moving average is $76.28 and its 200-day simple moving average is $80.90. The stock has a market cap of $63.94 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66.

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

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.