Corient Private Wealth LLC lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 13.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 394,098 shares of the credit services provider’s stock after selling 62,355 shares during the period. Corient Private Wealth LLC’s holdings in PayPal were worth $29,289,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of PYPL. Gordian Capital Singapore Pte Ltd grew its position in shares of PayPal by 41.2% in the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 138 shares in the last quarter. GSB Wealth Management LLC boosted its holdings in PayPal by 1.7% in the second quarter. GSB Wealth Management LLC now owns 8,160 shares of the credit services provider’s stock worth $606,000 after purchasing an additional 140 shares during the period. CreativeOne Wealth LLC boosted its holdings in PayPal by 1.5% in the first quarter. CreativeOne Wealth LLC now owns 9,387 shares of the credit services provider’s stock worth $613,000 after purchasing an additional 142 shares during the period. Pitti Group Wealth Management LLC increased its stake in PayPal by 1.5% during the second quarter. Pitti Group Wealth Management LLC now owns 10,233 shares of the credit services provider’s stock valued at $761,000 after purchasing an additional 147 shares during the last quarter. Finally, Dakota Community Bank & Trust NA raised its holdings in shares of PayPal by 8.7% during the second quarter. Dakota Community Bank & Trust NA now owns 1,840 shares of the credit services provider’s stock worth $137,000 after purchasing an additional 147 shares during the period. Institutional investors own 68.32% of the company’s stock.
PayPal Price Performance
Shares of PYPL opened at $61.33 on Wednesday. The stock’s fifty day moving average is $65.42 and its 200-day moving average is $69.00. The firm has a market capitalization of $57.38 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 0.82 and a beta of 1.43. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.34 and a current ratio of 1.34. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.25.
PayPal Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th were given a dividend of $0.14 per share. The ex-dividend date was Wednesday, November 19th. This represents a $0.56 annualized dividend and a dividend yield of 0.9%. PayPal’s dividend payout ratio (DPR) is 11.22%.
Insider Buying and Selling at PayPal
In other PayPal news, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $59.84, for a total value of $249,054.08. Following the transaction, the insider owned 30,983 shares in the company, valued at approximately $1,854,022.72. The trade was a 11.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Aaron Webster sold 9,282 shares of PayPal stock in a transaction on Monday, November 10th. The stock was sold at an average price of $66.29, for a total value of $615,303.78. Following the completion of the transaction, the executive vice president owned 35,699 shares in the company, valued at $2,366,486.71. The trade was a 20.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 36,156 shares of company stock valued at $2,432,524. 0.08% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
PYPL has been the subject of several research reports. Cowen reaffirmed a “mixed” rating on shares of PayPal in a report on Wednesday, October 29th. President Capital decreased their target price on PayPal from $91.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, November 25th. KeyCorp reaffirmed a “hold” rating on shares of PayPal in a report on Wednesday, October 22nd. Compass Point cut their price target on PayPal from $66.00 to $56.00 and set a “sell” rating on the stock in a report on Tuesday, December 9th. Finally, Wall Street Zen lowered PayPal from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Twelve investment analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $78.97.
Get Our Latest Analysis on PYPL
PayPal Company Profile
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.
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