IAM Advisory LLC Buys New Shares in PayPal Holdings, Inc. (NASDAQ:PYPL)

IAM Advisory LLC bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,450 shares of the credit services provider’s stock, valued at approximately $1,390,000. PayPal makes up about 0.6% of IAM Advisory LLC’s holdings, making the stock its 26th largest holding.

A number of other institutional investors have also bought and sold shares of the business. Wealth Alliance Advisory Group LLC boosted its holdings in PayPal by 2.7% during the second quarter. Wealth Alliance Advisory Group LLC now owns 1,290 shares of the credit services provider’s stock valued at $376,000 after purchasing an additional 34 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in PayPal by 1.9% during the second quarter. Lindbrook Capital LLC now owns 1,868 shares of the credit services provider’s stock valued at $544,000 after purchasing an additional 34 shares in the last quarter. Silicon Hills Wealth Management LLC boosted its holdings in PayPal by 0.5% during the second quarter. Silicon Hills Wealth Management LLC now owns 7,486 shares of the credit services provider’s stock valued at $2,182,000 after purchasing an additional 39 shares in the last quarter. Northern Oak Wealth Management Inc. boosted its holdings in PayPal by 20.4% during the second quarter. Northern Oak Wealth Management Inc. now owns 230 shares of the credit services provider’s stock valued at $67,000 after purchasing an additional 39 shares in the last quarter. Finally, Westover Capital Advisors LLC boosted its holdings in PayPal by 2.8% during the second quarter. Westover Capital Advisors LLC now owns 1,447 shares of the credit services provider’s stock valued at $422,000 after purchasing an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 78.94% of the company’s stock.

In other news, EVP Jonathan Auerbach sold 12,314 shares of the stock in a transaction dated Tuesday, November 23rd. The shares were sold at an average price of $187.32, for a total transaction of $2,306,658.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David W. Dorman acquired 1,547 shares of PayPal stock in a transaction dated Tuesday, November 23rd. The shares were acquired at an average price of $186.47 per share, with a total value of $288,469.09. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 34,114 shares of company stock valued at $7,102,758. Company insiders own 0.10% of the company’s stock.

PYPL opened at $188.71 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.36. PayPal Holdings, Inc. has a 12 month low of $184.27 and a 12 month high of $310.16. The company has a fifty day simple moving average of $242.41 and a 200 day simple moving average of $265.40. The stock has a market cap of $221.72 billion, a P/E ratio of 45.36, a P/E/G ratio of 3.01 and a beta of 1.11.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Monday, November 8th. The credit services provider reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.04. PayPal had a net margin of 20.09% and a return on equity of 19.75%. The business had revenue of $6.18 billion during the quarter, compared to analysts’ expectations of $6.24 billion. During the same quarter in the prior year, the company earned $0.80 EPS. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. On average, equities research analysts expect that PayPal Holdings, Inc. will post 3.46 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on the company. Loop Capital assumed coverage on PayPal in a report on Monday, November 15th. They set a “buy” rating and a $269.00 price objective on the stock. Wolfe Research reduced their target price on PayPal from $360.00 to $300.00 and set an “outperform” rating on the stock in a report on Tuesday, November 9th. Wedbush reduced their target price on PayPal from $330.00 to $240.00 and set an “outperform” rating on the stock in a report on Tuesday, November 9th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a report on Thursday, July 29th. Finally, Truist reduced their target price on PayPal from $275.00 to $200.00 and set a “hold” rating on the stock in a report on Tuesday, November 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirty-five have issued a buy rating to the company. According to data from MarketBeat, PayPal presently has a consensus rating of “Buy” and a consensus price target of $283.13.

PayPal Profile

PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The firm manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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