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

New Age Alpha Advisors LLC purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 117,394 shares of the credit services provider’s stock, valued at approximately $10,020,000.

A number of other hedge funds have also modified their holdings of the company. Rosenberg Matthew Hamilton raised its holdings in PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new stake in PayPal during the 3rd quarter worth $26,000. Sugarloaf Wealth Management LLC lifted its holdings in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 272 shares in the last quarter. Modus Advisors LLC acquired a new position in PayPal in the fourth quarter valued at about $37,000. Finally, Crowley Wealth Management Inc. bought a new stake in shares of PayPal in the fourth quarter worth about $39,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Performance

PYPL opened at $68.86 on Friday. The firm has a market cap of $68.12 billion, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The business’s fifty day moving average is $76.81 and its 200-day moving average is $80.76. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.48 EPS. Sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analysts Set New Price Targets

PYPL has been the topic of several recent analyst reports. Barclays lifted their price objective on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Piper Sandler lowered their price objective on shares of PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Susquehanna boosted their price objective on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Finally, Citigroup reaffirmed an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Fourteen research analysts have rated the stock with a hold rating, twenty-one 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 a consensus rating of “Moderate Buy” and an average price target of $90.03.

Insiders Place Their Bets

In other news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

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.