Wealth Alliance Sells 2,095 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Wealth Alliance lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 20.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,282 shares of the credit services provider’s stock after selling 2,095 shares during the quarter. Wealth Alliance’s holdings in PayPal were worth $509,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PYPL. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in PayPal during the 4th quarter valued at $25,000. Sutton Wealth Advisors Inc. boosted its position in PayPal by 115.0% during the third quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 237 shares during the period. PCA Investment Advisory Services Inc. bought a new position in PayPal during the second quarter worth about $27,000. Resurgent Financial Advisors LLC bought a new position in PayPal during the fourth quarter worth about $29,000. Finally, BluePath Capital Management LLC bought a new position in PayPal during the third quarter worth about $33,000. Institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on PYPL. JMP Securities raised their price objective on shares of PayPal from $68.00 to $70.00 and gave the company a “market outperform” rating in a research report on Wednesday. DZ Bank downgraded shares of PayPal from a “buy” rating to a “hold” rating and set a $60.00 price target on the stock. in a research note on Friday, February 9th. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Wells Fargo & Company lifted their price target on shares of PayPal from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Finally, Stephens reissued an “equal weight” rating and set a $70.00 price target on shares of PayPal in a research note on Thursday, February 8th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, PayPal has a consensus rating of “Hold” and an average target price of $70.53.

Insider Activity

In other news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the completion of the sale, the senior vice president now owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.14% of the company’s stock.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $63.26 on Thursday. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $77.94. The business has a 50-day simple moving average of $62.15 and a two-hundred day simple moving average of $59.89. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $66.59 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 1.44 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last issued its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the previous year, the firm earned $1.01 EPS. PayPal’s revenue was up 8.7% on a year-over-year basis. On average, analysts expect that PayPal Holdings, Inc. will post 3.93 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.