Sather Financial Group Inc Cuts Stock Position in PayPal Holdings, Inc. $PYPL

Sather Financial Group Inc decreased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 99.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,005 shares of the credit services provider’s stock after selling 773,303 shares during the period. Sather Financial Group Inc’s holdings in PayPal were worth $226,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bard Associates Inc. acquired a new position in PayPal in the 4th quarter valued at about $25,000. Caitong International Asset Management Co. Ltd lifted its position in shares of PayPal by 15,233.3% during 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 in the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in shares of PayPal during the fourth quarter worth about $28,000. Kelleher Financial Advisors purchased a new position in shares of PayPal in the third quarter valued at approximately $30,000. Finally, Advocate Investing Services LLC purchased a new position in shares of PayPal in the fourth quarter valued at approximately $30,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Stock Up 1.0%

NASDAQ:PYPL traded up $0.46 during mid-day trading on Tuesday, hitting $45.55. The stock had a trading volume of 4,133,467 shares, compared to its average volume of 19,450,809. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.50. The stock has a 50-day simple moving average of $44.49 and a two-hundred day simple moving average of $47.91. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $40.18 billion, a PE ratio of 8.55, a PEG ratio of 1.13 and a beta of 1.33.

PayPal (NASDAQ:PYPL) 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. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The company had revenue of $8.35 billion during the quarter, compared to analysts’ expectations of $8.05 billion. During the same quarter in the previous year, the business posted $1.33 EPS. The firm’s revenue was up 7.2% on a year-over-year basis. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.32 EPS for the current year.

PayPal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 4th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, June 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.2%. PayPal’s payout ratio is presently 10.51%.

Analyst Ratings Changes

PYPL has been the subject of a number of research reports. Citigroup upped their target price on shares of PayPal from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of PayPal from $50.00 to $45.00 in a research report on Monday, May 11th. Loop Capital assumed coverage on shares of PayPal in a research note on Tuesday, March 31st. They issued a “hold” rating and a $46.00 price target for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research report on Tuesday, May 5th. Finally, Canaccord Genuity Group reiterated a “hold” rating and issued a $42.00 price objective on shares of PayPal in a research note on Wednesday, May 20th. Eight equities research analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $55.01.

Insider Activity at PayPal

In other news, insider Suzan Kereere sold 3,379 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $42.79, for a total transaction of $144,587.41. Following the completion of the transaction, the insider directly owned 30,983 shares of the company’s stock, valued at approximately $1,325,762.57. This represents a 9.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of the stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $49.46, for a total value of $66,128.02. Following the completion of the transaction, the chief accounting officer owned 1,586 shares in the company, valued at approximately $78,443.56. The trade was a 45.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 20,612 shares of company stock valued at $966,623 over the last quarter. 0.63% of the stock is owned by insiders.

PayPal 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.