PayPal Holdings, Inc. $PYPL Shares Sold by Sienna Gestion

Sienna Gestion cut its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 27.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,422 shares of the credit services provider’s stock after selling 32,017 shares during the period. Sienna Gestion’s holdings in PayPal were worth $5,101,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Cloud Capital Management LLC purchased a new stake in PayPal during the 3rd quarter worth approximately $30,000. VSM Wealth Advisory LLC purchased a new position in PayPal in the 2nd quarter valued at approximately $36,000. Total Investment Management Inc. purchased a new position in PayPal in the 2nd quarter valued at approximately $38,000. True Wealth Design LLC grew its stake in shares of PayPal by 285.3% in the third quarter. True Wealth Design LLC now owns 524 shares of the credit services provider’s stock worth $35,000 after acquiring an additional 388 shares in the last quarter. Finally, Dagco Inc. increased its position in shares of PayPal by 1,250.0% during the third quarter. Dagco Inc. now owns 540 shares of the credit services provider’s stock worth $36,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

PYPL has been the topic of several analyst reports. Morgan Stanley reduced their price objective on PayPal from $50.00 to $34.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 4th. Royal Bank Of Canada cut their price target on PayPal from $91.00 to $59.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research report on Tuesday, February 3rd. Monness Crespi & Hardt cut PayPal from a “buy” rating to a “neutral” rating in a research note on Monday, January 5th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of PayPal in a report on Wednesday, January 7th. Eight research 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 company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $59.03.

Insiders Place Their Bets

In related news, insider Suzan Kereere sold 37,613 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $41.49, for a total transaction of $1,560,563.37. Following the transaction, the insider owned 30,983 shares in the company, valued at $1,285,484.67. This trade represents a 54.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Chris Natali sold 2,208 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $44.73, for a total value of $98,763.84. Following the completion of the sale, the chief accounting officer owned 1,140 shares of the company’s stock, valued at approximately $50,992.20. This represents a 65.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 87,608 shares of company stock valued at $3,831,535. 0.08% of the stock is currently owned by insiders.

PayPal Stock Down 1.4%

PYPL stock opened at $46.98 on Monday. The stock has a market cap of $43.25 billion, a P/E ratio of 8.68, a PEG ratio of 1.40 and a beta of 1.43. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.50. The company’s 50 day moving average is $50.26 and its two-hundred day moving average is $60.53.

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

PayPal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, March 4th. PayPal’s dividend payout ratio is currently 10.35%.

About PayPal

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.