PayPal Holdings, Inc. $PYPL Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC trimmed its position in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 56.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 120,980 shares of the credit services provider’s stock after selling 158,527 shares during the period. Exchange Traded Concepts LLC’s holdings in PayPal were worth $7,063,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PYPL. Wedmont Private Capital increased its position in shares of PayPal by 1.6% during the 3rd quarter. Wedmont Private Capital now owns 9,157 shares of the credit services provider’s stock valued at $614,000 after purchasing an additional 142 shares during the period. Dakota Community Bank & Trust NA lifted its holdings in shares of PayPal by 8.7% in the second quarter. Dakota Community Bank & Trust NA now owns 1,840 shares of the credit services provider’s stock valued at $137,000 after buying an additional 147 shares during the period. Maia Wealth LLC boosted its stake in PayPal by 2.5% during the third quarter. Maia Wealth LLC now owns 6,404 shares of the credit services provider’s stock valued at $424,000 after buying an additional 155 shares in the last quarter. Transatlantique Private Wealth LLC boosted its stake in PayPal by 2.9% during the third quarter. Transatlantique Private Wealth LLC now owns 5,698 shares of the credit services provider’s stock valued at $382,000 after buying an additional 159 shares in the last quarter. Finally, WCG Wealth Advisors LLC grew its holdings in PayPal by 1.1% during the second quarter. WCG Wealth Advisors LLC now owns 14,285 shares of the credit services provider’s stock worth $1,062,000 after acquiring an additional 162 shares during the period. 68.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Sanford C. Bernstein reiterated a “market perform” rating on shares of PayPal in a research report on Tuesday, February 24th. Dbs Bank raised shares of PayPal to a “hold” rating in a research note on Friday, February 6th. Morgan Stanley dropped their target price on shares of PayPal from $50.00 to $34.00 and set an “underweight” rating on the stock in a report on Wednesday, February 4th. Royal Bank Of Canada cut their target price on shares of PayPal from $91.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of PayPal from $75.00 to $65.00 and set a “hold” rating for the company in a report on Friday, December 5th. Eight equities research analysts have rated the stock with a Buy rating, thirty have given a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $58.43.

Check Out Our Latest Research Report on PYPL

Insider Activity at PayPal

In related news, insider Suzan Kereere sold 13,515 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $46.02, for a total value of $621,960.30. Following the completion of the transaction, the insider owned 30,983 shares of the company’s stock, valued at approximately $1,425,837.66. This trade represents a 30.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Frank Keller sold 29,581 shares of PayPal stock in a transaction that occurred 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 in the company, valued at approximately $2,373,113.34. The trade was a 36.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 87,608 shares of company stock worth $3,831,535. 0.08% of the stock is owned by corporate insiders.

PayPal Stock Performance

NASDAQ:PYPL opened at $43.59 on Monday. The stock has a fifty day simple moving average of $46.29 and a 200 day simple moving average of $57.99. The firm has a market capitalization of $40.13 billion, a price-to-earnings ratio of 8.06, a price-to-earnings-growth ratio of 1.30 and a beta of 1.43. PayPal Holdings, Inc. has a 1-year low of $38.46 and a 1-year high of $79.50. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.49.

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

PayPal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th were issued a dividend of $0.14 per share. The ex-dividend date was Wednesday, March 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. PayPal’s payout ratio is currently 10.35%.

Key PayPal News

Here are the key news stories impacting PayPal this week:

PayPal Company 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.

See Also

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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