Alliance Wealth Advisors LLC UT Sells 385 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Alliance Wealth Advisors LLC UT trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 45,406 shares of the credit services provider’s stock after selling 385 shares during the quarter. 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 and other institutional investors also recently modified their holdings of PYPL. Hartford Financial Management Inc. increased its stake in PayPal by 18.8% in the 4th quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock worth $63,000 after buying an additional 163 shares during the period. Pine Haven Investment Counsel Inc increased its stake in PayPal by 3.7% in the 4th quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider’s stock worth $289,000 after buying an additional 170 shares during the period. Brooks Moore & Associates Inc. increased its position in PayPal by 1.3% during the 3rd quarter. Brooks Moore & Associates Inc. now owns 14,391 shares of the credit services provider’s stock valued at $841,000 after purchasing an additional 180 shares during the period. Waldron Private Wealth LLC increased its position in PayPal by 1.9% during the 4th quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider’s stock valued at $590,000 after purchasing an additional 182 shares during the period. Finally, New World Advisors LLC increased its position in PayPal by 2.9% during the 4th quarter. New World Advisors LLC now owns 6,586 shares of the credit services provider’s stock valued at $404,000 after purchasing an additional 185 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of NASDAQ:PYPL traded up $1.86 during trading on Friday, hitting $65.96. 14,190,444 shares of the stock traded hands, compared to its average volume of 9,031,016. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. The company has a market cap of $69.43 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 1.19 and a beta of 1.45. The company has a fifty day moving average price of $62.87 and a two-hundred day moving average price of $60.16. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $76.54.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Stephens reissued an “equal weight” rating and set a $70.00 target price on shares of PayPal in a research report on Thursday, February 8th. UBS Group raised their target price on shares of PayPal from $56.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Morgan Stanley reissued an “equal weight” rating and set a $66.00 target price (down previously from $118.00) on shares of PayPal in a research report on Tuesday, January 9th. Evercore ISI raised their target price on shares of PayPal from $56.00 to $60.00 and gave the company an “in-line” rating in a research report on Tuesday, March 26th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of PayPal in a research report on Thursday, February 8th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $70.47.

Insider Transactions at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction on 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 $1,420,795.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.14% of the company’s stock.

About PayPal

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.