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PayPal Holdings, Inc. $PYPL Stock Holdings Decreased by Aware Super Pty Ltd as trustee of Aware Super

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Aware Super Pty Ltd as trustee of Aware Super lessened its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 20.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 209,568 shares of the credit services provider's stock after selling 53,429 shares during the quarter. Aware Super Pty Ltd as trustee of Aware Super's holdings in PayPal were worth $11,009,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allied Private Wealth LLC acquired a new position in PayPal during the second quarter worth about $25,000. Robinswood Financial LLC acquired a new stake in shares of PayPal in the first quarter valued at approximately $26,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of PayPal in the second quarter valued at approximately $27,000. Johnson Financial Group Inc. acquired a new stake in shares of PayPal in the second quarter valued at approximately $27,000. Finally, Toth Financial Advisory Corp increased its stake in shares of PayPal by 448.3% during the 3rd quarter. Toth Financial Advisory Corp now owns 636 shares of the credit services provider's stock worth $33,000 after purchasing an additional 520 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Frank Keller sold 4,612 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $55.43, for a total transaction of $255,643.16. Following the transaction, the insider directly owned 41,567 shares in the company, valued at $2,304,058.81. This represents a 9.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 552 shares of the firm's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $54.80, for a total transaction of $30,249.60. Following the completion of the sale, the chief accounting officer directly owned 2,400 shares in the company, valued at $131,520. This represents a 18.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 13,437 shares of company stock worth $768,417. 0.63% of the stock is owned by company insiders.

PayPal News Roundup

Here are the key news stories impacting PayPal this week:

Analyst Ratings Changes

Several brokerages recently issued reports on PYPL. William Blair restated a "market perform" rating on shares of PayPal in a research report on Wednesday, July 15th. BMO Capital Markets increased their target price on PayPal from $56.00 to $59.00 and gave the company a "market perform" rating in a report on Wednesday, October 28th. BTIG Research reissued a "neutral" rating on shares of PayPal in a report on Tuesday, October 27th. JPMorgan Chase & Co. upped their price objective on PayPal from $46.00 to $65.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. Finally, Morgan Stanley increased their price objective on PayPal from $45.00 to $46.00 and gave the company an "underweight" rating in a research note on Wednesday, October 28th. Eight investment analysts have rated the stock with a Buy rating, thirty-one have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, PayPal presently has an average rating of "Hold" and a consensus target price of $55.94.

Read Our Latest Research Report on PayPal

PayPal Stock Down 1.0%

PYPL stock opened at $58.21 on Wednesday. The stock has a market capitalization of $48.35 billion, a P/E ratio of 10.89, a PEG ratio of 1.24 and a beta of 1.33. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.26 and a current ratio of 1.26. PayPal Holdings, Inc. has a one year low of $38.46 and a one year high of $68.21. The company has a 50 day moving average price of $55.24 and a two-hundred day moving average price of $50.05.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The credit services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.14. PayPal had a return on equity of 24.39% and a net margin of 13.78%. The company had revenue of $8.58 billion during the quarter, compared to the consensus estimate of $8.71 billion. During the same period in the previous year, the firm posted $1.34 EPS. PayPal's revenue was up 2.0% on a year-over-year basis. As a group, sell-side analysts expect that PayPal Holdings, Inc. will post 5.58 EPS for the current year.

PayPal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Investors of record on Friday, December 4th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, December 4th. This represents a $0.56 annualized dividend and a yield of 1.0%. PayPal's dividend payout ratio is 10.69%.

PayPal Profile

(Free Report)

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and businesses to send, receive, and manage money online and through mobile devices. Its services support online checkout, peer-to-peer payments, money transfers, payment processing, invoicing, and other commerce-related transactions.

The company's portfolio includes the PayPal and Venmo brands, Braintree's payment processing technology, and Xoom's international money transfer service. PayPal also offers merchant tools, digital wallets, payment solutions, and consumer financing products through its platform and related services.

PayPal traces its origins to 1998 and became an independent publicly traded company after separating from eBay in 2015.

See Also

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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