OMC Financial Services LTD Takes Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

OMC Financial Services LTD acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,414 shares of the credit services provider’s stock, valued at approximately $229,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of PayPal during the 4th quarter valued at $25,000. Pittenger & Anderson Inc. grew its holdings in shares of PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 172 shares during the last quarter. American National Bank bought a new position in shares of PayPal during the 1st quarter valued at $27,000. Private Wealth Management Group LLC bought a new position in shares of PayPal during the 4th quarter valued at $29,000. Finally, Register Financial Advisors LLC bought a new stake in PayPal in the 1st quarter worth $30,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Insider Transactions at PayPal

In other news, Director Deborah M. Messemer sold 4,422 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $61.65, for a total value of $272,616.30. Following the completion of the sale, the director now directly owns 13,976 shares of the company’s stock, valued at $861,620.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.14% of the company’s stock.

PayPal Stock Down 5.1 %

PayPal stock traded down $3.33 during trading hours on Friday, hitting $61.98. The stock had a trading volume of 23,117,055 shares, compared to its average volume of 12,879,998. The company has a quick ratio of 1.28, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The stock’s 50-day moving average price is $61.01 and its 200-day moving average price is $62.22. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $70.66. The stock has a market capitalization of $63.36 billion, a P/E ratio of 15.61, a price-to-earnings-growth ratio of 0.93 and a beta of 1.42.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The firm had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the previous year, the company earned $0.83 earnings per share. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. Equities research analysts anticipate that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PYPL. Canaccord Genuity Group reissued a “buy” rating and issued a $80.00 price target on shares of PayPal in a report on Wednesday. Jefferies Financial Group cut their price target on shares of PayPal from $70.00 to $65.00 in a report on Monday, July 29th. Barclays lifted their target price on shares of PayPal from $81.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday. Robert W. Baird lifted their target price on shares of PayPal from $77.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Macquarie lifted their target price on shares of PayPal from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday. Nineteen analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, PayPal has a consensus rating of “Hold” and an average target price of $74.94.

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.