MH & Associates Securities Management Corp ADV Acquires New Holdings in PayPal Holdings, Inc. $PYPL

MH & Associates Securities Management Corp ADV acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 45,285 shares of the credit services provider’s stock, valued at approximately $2,644,000. PayPal makes up about 2.2% of MH & Associates Securities Management Corp ADV’s portfolio, making the stock its 23rd biggest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PYPL. Cloud Capital Management LLC bought a new position in PayPal during the third quarter valued at approximately $30,000. Kelleher Financial Advisors bought a new position in PayPal during the third quarter valued at approximately $30,000. True Wealth Design LLC raised its position in PayPal by 285.3% during the third quarter. True Wealth Design LLC now owns 524 shares of the credit services provider’s stock valued at $35,000 after acquiring an additional 388 shares in the last quarter. Dagco Inc. raised its position in PayPal by 1,250.0% during the third quarter. Dagco Inc. now owns 540 shares of the credit services provider’s stock valued at $36,000 after acquiring an additional 500 shares in the last quarter. Finally, Total Investment Management Inc. bought a new position in PayPal during the second quarter valued at about $38,000. Institutional investors own 68.32% of the company’s stock.

Insider Transactions at PayPal

In related news, CAO Chris Natali sold 2,208 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $44.73, for a total transaction of $98,763.84. Following the transaction, the chief accounting officer owned 1,140 shares of the company’s stock, valued at approximately $50,992.20. The trade was a 65.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Frank Keller sold 29,581 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total transaction of $1,361,317.62. Following the transaction, the executive vice president directly owned 51,567 shares in the company, valued at $2,373,113.34. This trade represents a 36.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 87,608 shares of company stock worth $3,831,535. Company insiders own 0.08% of the company’s stock.

Key Headlines Impacting PayPal

Here are the key news stories impacting PayPal this week:

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PYPL. Daiwa Securities Group cut their target price on PayPal from $61.00 to $42.00 and set a “neutral” rating on the stock in a report on Tuesday, February 10th. Citigroup raised their target price on PayPal from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday. Wells Fargo & Company cut their target price on PayPal from $67.00 to $48.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 4th. UBS Group restated a “neutral” rating and set a $44.00 target price on shares of PayPal in a report on Wednesday, February 4th. Finally, Argus cut their target price on PayPal from $87.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Eight analysts have rated the stock with a Buy rating, thirty-one have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, PayPal presently has a consensus rating of “Hold” and an average price target of $57.41.

Check Out Our Latest Stock Report on PYPL

PayPal Trading Up 2.2%

NASDAQ:PYPL opened at $45.85 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.49. The company’s 50 day moving average is $44.56 and its 200-day moving average is $56.80. The firm has a market cap of $42.21 billion, a price-to-earnings ratio of 8.48, a P/E/G ratio of 1.35 and a beta of 1.40. PayPal Holdings, Inc. has a 12 month low of $38.46 and a 12 month high of $79.50.

PayPal (NASDAQ:PYPLGet Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The credit services provider reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). The business had revenue of $8.68 billion during the quarter, compared to the consensus estimate of $8.82 billion. PayPal had a return on equity of 25.42% and a net margin of 15.77%.The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.19 earnings per share. Equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

PayPal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th were paid a $0.14 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.2%. PayPal’s payout ratio is presently 10.35%.

PayPal Profile

(Free Report)

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.

See Also

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPLFree Report).

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.