51,678 Shares in PayPal Holdings, Inc. $PYPL Purchased by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC bought a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 51,678 shares of the credit services provider’s stock, valued at approximately $2,337,000.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of PayPal by 15.2% in the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock valued at $596,000 after buying an additional 924 shares during the period. Revolve Wealth Partners LLC acquired a new stake in PayPal in the 4th quarter valued at about $248,000. Sivia Capital Partners LLC boosted its position in shares of PayPal by 41.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,470 shares of the credit services provider’s stock valued at $332,000 after purchasing an additional 1,310 shares in the last quarter. United Bank grew its stake in shares of PayPal by 40.1% in the 2nd 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 during the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of PayPal by 17.9% in the 2nd 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 owned by institutional investors and hedge funds.

Key Stories Impacting PayPal

Here are the key news stories impacting PayPal this week:

PayPal Trading Down 2.5%

Shares of NASDAQ PYPL opened at $44.53 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a one year low of $38.46 and a one year high of $79.50. The business has a 50-day moving average price of $44.19 and a two-hundred day moving average price of $47.59. The firm has a market capitalization of $39.28 billion, a PE ratio of 8.35, a PEG ratio of 1.14 and a beta of 1.33.

PayPal (NASDAQ:PYPLGet Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.27 by $0.07. The business had revenue of $8.35 billion during the quarter, compared to analysts’ expectations of $8.05 billion. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company posted $1.33 earnings per share. As a group, analysts predict that PayPal Holdings, Inc. will post 5.32 earnings per share for the current fiscal year.

PayPal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 4th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, June 4th. PayPal’s dividend payout ratio (DPR) is currently 10.51%.

Insider Activity at PayPal

In other PayPal news, insider Frank Keller sold 4,612 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $42.54, for a total value of $196,194.48. Following the transaction, the insider owned 41,567 shares in the company, valued at $1,768,260.18. The trade was a 9.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 3,379 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $42.79, for a total value of $144,587.41. Following the sale, the insider directly owned 30,983 shares of the company’s stock, valued at $1,325,762.57. This trade represents a 9.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 20,612 shares of company stock valued at $966,623. Insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

PYPL has been the topic of several recent research reports. Zacks Research upgraded shares of PayPal from a “strong sell” rating to a “hold” rating in a research report on Friday, April 17th. Mizuho restated a “neutral” rating and issued a $50.00 target price (down from $60.00) on shares of PayPal in a report on Thursday, April 16th. Barclays assumed coverage on PayPal in a report on Tuesday. They set an “underweight” rating and a $42.00 target price for the company. Weiss Ratings restated a “hold (c-)” rating on shares of PayPal in a report on Friday, May 8th. Finally, Bank of America decreased their target price on shares of PayPal from $55.00 to $53.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Seven investment analysts have rated the stock with a Buy rating, thirty-two have issued a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, PayPal presently has a consensus rating of “Hold” and a consensus target price of $53.72.

View 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.

Further Reading

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)

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.