Alpha Omega Wealth Management LLC Has $2.46 Million Holdings in PayPal Holdings, Inc. $PYPL

Alpha Omega Wealth Management LLC lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 47.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,174 shares of the credit services provider’s stock after purchasing an additional 13,557 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in PayPal were worth $2,462,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Jackson Thornton Wealth Management LLC grew its holdings in shares of PayPal by 113.3% during the 4th quarter. Jackson Thornton Wealth Management LLC now owns 6,872 shares of the credit services provider’s stock worth $411,000 after purchasing an additional 3,651 shares in the last quarter. Fiduciary Alliance LLC lifted its position in shares of PayPal by 10.6% during the 4th quarter. Fiduciary Alliance LLC now owns 177,469 shares of the credit services provider’s stock worth $10,361,000 after buying an additional 16,968 shares during the period. V Square Quantitative Management LLC lifted its position in shares of PayPal by 25.9% during the 4th quarter. V Square Quantitative Management LLC now owns 26,902 shares of the credit services provider’s stock worth $1,571,000 after buying an additional 5,534 shares during the period. Greenberg Financial Group bought a new position in shares of PayPal during the 4th quarter worth approximately $760,000. Finally, MH & Associates Securities Management Corp ADV bought a new position in shares of PayPal during the 4th quarter worth approximately $2,644,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on PYPL shares. Sanford C. Bernstein restated a “market perform” rating on shares of PayPal in a research report on Tuesday, February 24th. Citigroup raised their target price on PayPal from $42.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday. Wells Fargo & Company cut their target price on PayPal from $67.00 to $48.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 4th. Truist Financial cut their target price on PayPal from $58.00 to $39.00 and set a “sell” rating for the company in a research report on Tuesday, February 10th. Finally, Argus cut their target price on PayPal from $87.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Eight research analysts have rated the stock with a Buy rating, thirty-one have given a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, PayPal currently has a consensus rating of “Hold” and an average price target of $57.41.

Check Out Our Latest Stock Report on PayPal

Insider Buying and Selling at PayPal

In other news, EVP Frank Keller sold 29,581 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total transaction of $1,361,317.62. Following the completion of the sale, the executive vice president owned 51,567 shares in the company, valued at $2,373,113.34. The trade was a 36.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Chris Natali sold 2,208 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $44.73, for a total value of $98,763.84. Following the sale, 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 SEC filing for this sale provides additional information. In the last quarter, insiders sold 87,608 shares of company stock worth $3,831,535. 0.08% of the stock is currently owned by insiders.

PayPal Trading Up 0.3%

Shares of PYPL opened at $45.98 on Friday. The stock has a fifty day moving average price of $44.42 and a two-hundred day moving average price of $56.72. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.29 and a current ratio of 1.29. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.50. The company has a market cap of $41.37 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 1.37 and a beta of 1.40.

PayPal (NASDAQ:PYPLGet Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.06). PayPal had a net margin of 15.77% and a return on equity of 25.42%. The business had revenue of $8.68 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter in the previous year, the firm posted $1.19 EPS. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

PayPal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were given a $0.14 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $0.56 annualized dividend and a yield of 1.2%. PayPal’s payout ratio is presently 10.35%.

Key Headlines Impacting PayPal

Here are the key news stories impacting PayPal this week:

PayPal Company 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.

Read More

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.