Virtu Financial LLC Raises Stock Position in PayPal Holdings, Inc. $PYPL

Virtu Financial LLC boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 22.7% in the fourth quarter, HoldingsChannel reports. The firm owned 71,786 shares of the credit services provider’s stock after acquiring an additional 13,299 shares during the period. Virtu Financial LLC’s holdings in PayPal were worth $4,191,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bard Associates Inc. bought a new stake in shares of PayPal in the fourth quarter worth $25,000. Kelleher Financial Advisors purchased a new position in PayPal in the third quarter worth about $30,000. Caitong International Asset Management Co. Ltd boosted its position in PayPal by 15,233.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 457 shares during the last quarter. Safe Harbor Fiduciary LLC bought a new stake in shares of PayPal during the 4th quarter valued at about $28,000. Finally, Advocate Investing Services LLC bought a new position in shares of PayPal in the 4th quarter worth approximately $30,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Price Performance

NASDAQ:PYPL opened at $42.51 on Friday. The business’s 50-day simple moving average is $45.65 and its two-hundred day simple moving average is $49.31. PayPal Holdings, Inc. has a 52 week low of $38.46 and a 52 week high of $79.50. The stock has a market cap of $37.50 billion, a PE ratio of 7.98, a P/E/G ratio of 1.05 and a beta of 1.34. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPLGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The firm had revenue of $8.35 billion during the quarter, compared to analyst estimates of $8.05 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, analysts forecast that PayPal Holdings, Inc. will post 5.3 EPS for the current fiscal year.

PayPal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. PayPal’s payout ratio is currently 10.51%.

Wall Street Analyst Weigh In

PYPL has been the subject of several recent research reports. BMO Capital Markets assumed coverage on shares of PayPal in a research report on Tuesday, April 21st. They set a “market perform” rating and a $52.00 target price for the company. Citigroup increased their price target on shares of PayPal from $42.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 8th. The Goldman Sachs Group dropped their price target on shares of PayPal from $41.00 to $40.00 in a research note on Wednesday, May 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of PayPal in a research report on Friday, May 8th. Finally, Wolfe Research restated a “sell” rating on shares of PayPal in a research note on Monday, February 23rd. Eight analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, PayPal currently has an average rating of “Hold” and an average target price of $55.85.

View Our Latest Report on PayPal

PayPal News Summary

Here are the key news stories impacting PayPal this week:

Insiders Place Their Bets

In other news, insider Suzan Kereere sold 3,379 shares of PayPal stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $42.79, for a total transaction of $144,587.41. Following the sale, the insider owned 30,983 shares in the company, valued at $1,325,762.57. This trade represents a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 10,732 shares of the business’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $49.96, for a total transaction of $536,170.72. Following the completion of the transaction, the insider directly owned 41,567 shares in the company, valued at $2,076,687.32. This trade represents a 20.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 20,612 shares of company stock worth $966,623 in the last three months. 0.63% of the stock is owned by company insiders.

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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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)

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