U.S. Capital Wealth Advisors LLC lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 37.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,706 shares of the credit services provider's stock after acquiring an additional 46,506 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in PayPal were worth $9,966,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of PayPal by 15.2% during the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock worth $596,000 after purchasing an additional 924 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of PayPal during the fourth quarter worth $248,000. Sivia Capital Partners LLC lifted its position in shares of PayPal by 41.5% during the second quarter. Sivia Capital Partners LLC now owns 4,470 shares of the credit services provider's stock worth $332,000 after purchasing an additional 1,310 shares in the last quarter. United Bank lifted its position in shares of PayPal by 40.1% during the second quarter. United Bank now owns 17,388 shares of the credit services provider's stock worth $1,292,000 after purchasing an additional 4,974 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of PayPal by 17.9% during the second quarter. Federated Hermes Inc. now owns 18,909 shares of the credit services provider's stock worth $1,405,000 after purchasing an additional 2,865 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.
PayPal Trading Down 1.5%
PYPL opened at $45.27 on Friday. The stock has a market capitalization of $40.73 billion, a PE ratio of 8.37, a P/E/G ratio of 1.36 and a beta of 1.40. The firm's fifty day moving average price is $44.27 and its 200 day moving average price is $56.49. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.29 and a quick ratio of 1.29. PayPal Holdings, Inc. has a 12-month low of $38.46 and a 12-month high of $79.50.
PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.06). PayPal had a net margin of 15.77% and a return on equity of 25.42%. The business had revenue of $8.68 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter in the previous year, the firm earned $1.19 EPS. The firm's revenue for the quarter was up 4.0% on a year-over-year basis. As a group, research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.
PayPal Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were paid a dividend of $0.14 per share. The ex-dividend date was Wednesday, March 4th. This represents a $0.56 annualized dividend and a yield of 1.2%. PayPal's payout ratio is presently 10.35%.
Insider Buying and Selling at PayPal
In related news, EVP Frank Keller sold 29,581 shares of the company'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 completion of the transaction, the executive vice president directly owned 51,567 shares in the company, valued at $2,373,113.34. This represents a 36.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Suzan Kereere sold 13,515 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total value of $621,960.30. Following the completion of the sale, the insider directly owned 30,983 shares in the company, valued at $1,425,837.66. This represents a 30.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 87,608 shares of company stock worth $3,831,535 over the last 90 days. Insiders own 0.08% of the company's stock.
Key PayPal News
Here are the key news stories impacting PayPal this week:
Analyst Upgrades and Downgrades
PYPL has been the topic of a number of recent research reports. Weiss Ratings reissued a "hold (c)" rating on shares of PayPal in a research report on Thursday, January 22nd. BNP Paribas Exane upped their price target on shares of PayPal from $41.00 to $43.50 and gave the company a "neutral" rating in a report on Friday. Cantor Fitzgerald cut their price target on shares of PayPal from $60.00 to $42.00 and set a "neutral" rating on the stock in a report on Monday, February 9th. Piper Sandler cut their price target on shares of PayPal from $76.00 to $74.00 and set a "neutral" rating on the stock in a report on Wednesday, January 14th. Finally, TD Cowen reaffirmed a "hold" rating on shares of PayPal in a report on Tuesday, February 3rd. Eight investment analysts have rated the stock with a Buy rating, thirty-one have assigned a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $56.72.
Read Our Latest Stock Report on PayPal
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.
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