Wealth Enhancement Advisory Services LLC Purchases 36,569 Shares of PayPal Holdings, Inc. $PYPL

Wealth Enhancement Advisory Services LLC boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 21.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 209,652 shares of the credit services provider’s stock after purchasing an additional 36,569 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in PayPal were worth $12,608,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PYPL. Norges Bank purchased a new position in shares of PayPal in the second quarter worth approximately $921,570,000. Dimensional Fund Advisors LP increased its holdings 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 buying an additional 2,160,227 shares during the last quarter. Lazard Asset Management LLC increased its holdings in PayPal by 1,066.0% during the second quarter. Lazard Asset Management LLC now owns 2,106,215 shares of the credit services provider’s stock valued at $156,532,000 after buying an additional 1,925,583 shares during the last quarter. Two Sigma Investments LP bought a new position in PayPal in the third quarter worth approximately $97,794,000. Finally, Arrowstreet Capital Limited Partnership raised its position in PayPal by 45.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,569,023 shares of the credit services provider’s stock worth $265,250,000 after acquiring an additional 1,107,202 shares during the period. 68.32% of the stock is currently owned by institutional investors.

Key PayPal News

Here are the key news stories impacting PayPal this week:

Insider Buying and Selling

In other PayPal news, CAO Chris Natali sold 2,208 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $44.73, for a total value of $98,763.84. Following the completion of the transaction, the chief accounting officer directly owned 1,140 shares in the company, valued at $50,992.20. This represents a 65.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Frank Keller sold 29,581 shares of the company’s stock in a transaction on 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 transaction, the executive vice president owned 51,567 shares of the company’s stock, valued at approximately $2,373,113.34. This represents a 36.45% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 87,608 shares of company stock valued at $3,831,535. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein reissued a “market perform” rating on shares of PayPal in a research report on Tuesday, February 24th. Bank of America started coverage on PayPal in a report on Thursday, March 5th. They issued a “neutral” rating and a $48.00 target price on the stock. TD Cowen reaffirmed a “hold” rating on shares of PayPal in a report on Tuesday, February 3rd. HSBC downgraded PayPal from a “buy” rating to a “hold” rating and set a $47.00 price objective on the stock. in a research note on Wednesday, February 4th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research report on Tuesday, February 3rd. Eight analysts have rated the stock with a Buy rating, thirty have given a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $58.43.

Get Our Latest Stock Analysis on PayPal

PayPal Trading Up 0.8%

Shares of PayPal stock opened at $45.20 on Friday. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $79.50. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $41.61 billion, a P/E ratio of 8.35, a P/E/G ratio of 1.34 and a beta of 1.43. The company has a fifty day moving average of $46.56 and a 200 day moving average of $58.28.

PayPal (NASDAQ:PYPLGet Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The credit services provider reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). PayPal had a net margin of 15.77% and a return on equity of 25.42%. The business had revenue of $8.68 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same period in the prior year, the business earned $1.19 earnings per share. PayPal’s revenue was up 4.0% compared to the same quarter last year. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

PayPal Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, March 4th. PayPal’s dividend payout ratio (DPR) is 10.35%.

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

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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