Alliance Wealth Advisors LLC UT Has $2.79 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Alliance Wealth Advisors LLC UT lessened its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,406 shares of the credit services provider’s stock after selling 385 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in PayPal were worth $2,788,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PYPL. Handelsbanken Fonder AB grew its stake in shares of PayPal by 1.9% during the third quarter. Handelsbanken Fonder AB now owns 284,734 shares of the credit services provider’s stock valued at $16,646,000 after purchasing an additional 5,276 shares during the last quarter. Simplicity Solutions LLC boosted its stake in PayPal by 23.5% in the third quarter. Simplicity Solutions LLC now owns 15,350 shares of the credit services provider’s stock valued at $897,000 after acquiring an additional 2,922 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in PayPal by 21.8% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 4,194 shares of the credit services provider’s stock valued at $245,000 after acquiring an additional 752 shares during the last quarter. Clarius Group LLC raised its holdings in PayPal by 11.8% in the third quarter. Clarius Group LLC now owns 7,606 shares of the credit services provider’s stock worth $445,000 after purchasing an additional 802 shares during the period. Finally, Penn Davis Mcfarland Inc. raised its holdings in PayPal by 0.5% in the third quarter. Penn Davis Mcfarland Inc. now owns 413,170 shares of the credit services provider’s stock worth $24,154,000 after purchasing an additional 1,985 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on PYPL. Argus lowered shares of PayPal from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Evercore ISI increased their target price on shares of PayPal from $56.00 to $60.00 and gave the stock an “in-line” rating in a report on Tuesday, March 26th. Mizuho dropped their price objective on shares of PayPal from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, February 8th. JMP Securities raised their price objective on shares of PayPal from $68.00 to $70.00 and gave the stock a “market outperform” rating in a report on Wednesday, April 17th. Finally, BMO Capital Markets dropped their price objective on shares of PayPal from $65.00 to $60.00 and set a “market perform” rating on the stock in a report on Thursday, February 8th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $70.47.

Insider Activity

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

PayPal Stock Performance

PayPal stock traded up $1.86 during midday trading on Friday, hitting $65.96. The company’s stock had a trading volume of 14,190,444 shares, compared to its average volume of 9,031,016. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $76.54. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. The company has a 50-day moving average price of $62.87 and a two-hundred day moving average price of $60.16. The company has a market cap of $69.43 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 1.19 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The business had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the previous year, the company earned $1.01 EPS. The business’s revenue was up 8.7% on a year-over-year basis. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.02 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.