Heritage Investors Management Corp Reduces Holdings in PayPal Holdings, Inc. $PYPL

Heritage Investors Management Corp decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 13.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 120,867 shares of the credit services provider’s stock after selling 18,413 shares during the period. Heritage Investors Management Corp’s holdings in PayPal were worth $7,056,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PYPL. Brighton Jones LLC lifted its holdings in shares of PayPal by 15.2% during the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock worth $596,000 after purchasing an additional 924 shares during the period. Revolve Wealth Partners LLC acquired a new position in PayPal in the fourth quarter valued at approximately $248,000. Sivia Capital Partners LLC lifted its holdings in PayPal by 41.5% in the second quarter. Sivia Capital Partners LLC now owns 4,470 shares of the credit services provider’s stock valued at $332,000 after acquiring an additional 1,310 shares during the period. United Bank lifted its holdings in PayPal by 40.1% in the second quarter. United Bank now owns 17,388 shares of the credit services provider’s stock valued at $1,292,000 after acquiring an additional 4,974 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in PayPal by 17.9% in the second quarter. Federated Hermes Inc. now owns 18,909 shares of the credit services provider’s stock valued at $1,405,000 after acquiring an additional 2,865 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Down 0.2%

Shares of NASDAQ:PYPL opened at $44.28 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average of $46.43 and a two-hundred day moving average of $52.23. The stock has a market cap of $39.06 billion, a P/E ratio of 8.31, a PEG ratio of 1.11 and a beta of 1.39. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.50.

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

PayPal Dividend Announcement

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

Analysts Set New Price Targets

PYPL has been the subject of a number of analyst reports. TD Cowen reissued a “hold” rating on shares of PayPal in a report on Tuesday, February 3rd. Canaccord Genuity Group reaffirmed a “hold” rating and set a $42.00 target price on shares of PayPal in a research note on Wednesday. Citigroup upped their target price on PayPal from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 8th. Rothschild & Co Redburn reduced their target price on PayPal from $50.00 to $32.00 and set a “sell” rating for the company in a research note on Wednesday, February 11th. Finally, The Goldman Sachs Group reduced their target price on PayPal from $41.00 to $40.00 in a research note on Wednesday, May 6th. Eight equities research 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $55.85.

Read Our Latest Analysis on PayPal

Key Stories Impacting PayPal

Here are the key news stories impacting PayPal this week:

Insider Transactions at PayPal

In related news, EVP Frank Keller sold 29,581 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total transaction of $1,361,317.62. Following the completion of the transaction, the executive vice president directly owned 51,567 shares in the company, valued at $2,373,113.34. This trade represents a 36.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Suzan Kereere sold 13,515 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $46.02, for a total value of $621,960.30. Following the transaction, the insider owned 30,983 shares of the company’s stock, valued at $1,425,837.66. This trade represents a 30.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 57,373 shares of company stock worth $2,684,341. 0.63% of the stock is currently owned by company insiders.

About PayPal

(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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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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