Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 11,783 Shares of PayPal Holdings, Inc. $PYPL

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 217,638 shares of the credit services provider’s stock after selling 11,783 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in PayPal were worth $12,706,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of PYPL. Norges Bank bought a new position in PayPal during the fourth quarter valued at $949,758,000. Vanguard Group Inc. lifted its position in PayPal by 6.5% during the fourth quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock valued at $5,276,205,000 after purchasing an additional 5,534,462 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in PayPal by 35.9% during the third quarter. Dimensional Fund Advisors LP now owns 8,177,536 shares of the credit services provider’s stock valued at $548,520,000 after purchasing an additional 2,160,227 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of PayPal in the 3rd quarter worth about $97,794,000. Finally, Invesco Ltd. lifted its holdings in shares of PayPal by 10.9% in the 3rd quarter. Invesco Ltd. now owns 11,131,949 shares of the credit services provider’s stock worth $746,508,000 after acquiring an additional 1,093,365 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Up 1.0%

PYPL stock opened at $45.19 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $39.86 billion, a PE ratio of 8.48, a P/E/G ratio of 1.12 and a beta of 1.39. The firm’s 50-day moving average is $46.34 and its 200 day moving average is $51.12. PayPal Holdings, Inc. has a 12 month low of $38.46 and a 12 month high of $79.50.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.07. The business had revenue of $8.35 billion for the quarter, compared to the consensus estimate of $8.05 billion. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.33 EPS. On average, research analysts anticipate that PayPal Holdings, Inc. will post 5.3 EPS for the current year.

PayPal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be given a dividend of $0.14 per share. 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 1.2%. PayPal’s dividend payout ratio (DPR) is 10.51%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PYPL shares. JPMorgan Chase & Co. lowered their target price on shares of PayPal from $70.00 to $46.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. Sanford C. Bernstein restated a “market perform” rating on shares of PayPal in a report on Tuesday, February 24th. Wells Fargo & Company lowered their target price on shares of PayPal from $67.00 to $48.00 and set an “equal weight” rating for the company in a report on Wednesday, February 4th. Canaccord Genuity Group restated a “hold” rating and issued a $42.00 target price on shares of PayPal in a report on Wednesday, May 20th. Finally, 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. Eight investment analysts have rated the stock with a Buy rating, thirty-two have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $55.85.

Insider Transactions at PayPal

In other PayPal news, CAO Chris Natali sold 1,337 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $49.46, for a total transaction of $66,128.02. Following the transaction, the chief accounting officer owned 1,586 shares of the company’s stock, valued at approximately $78,443.56. This trade represents a 45.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 10,732 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $49.96, for a total transaction of $536,170.72. Following 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. Company insiders own 0.63% of the company’s stock.

PayPal Company Profile

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.