Exchange Traded Concepts LLC Has $7.06 Million Holdings in PayPal Holdings, Inc. $PYPL

Exchange Traded Concepts LLC lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 56.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,980 shares of the credit services provider’s stock after selling 158,527 shares during the quarter. Exchange Traded Concepts LLC’s holdings in PayPal were worth $7,063,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Cloud Capital Management LLC purchased a new stake in shares of PayPal in the third quarter worth approximately $30,000. Kelleher Financial Advisors purchased a new position in PayPal during the third quarter valued at approximately $30,000. True Wealth Design LLC increased its stake in PayPal by 285.3% in the 3rd quarter. True Wealth Design LLC now owns 524 shares of the credit services provider’s stock valued at $35,000 after buying an additional 388 shares during the period. Dagco Inc. increased its stake in PayPal by 1,250.0% in the 3rd quarter. Dagco Inc. now owns 540 shares of the credit services provider’s stock valued at $36,000 after buying an additional 500 shares during the period. Finally, Total Investment Management Inc. purchased a new stake in PayPal in the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

More PayPal News

Here are the key news stories impacting PayPal this week:

PayPal Stock Performance

Shares of PYPL opened at $43.59 on Monday. The company’s fifty day moving average is $46.29 and its 200-day moving average is $57.99. PayPal Holdings, Inc. has a 12 month low of $38.46 and a 12 month high of $79.50. The firm has a market cap 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. 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 released its quarterly earnings results on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). The business had revenue of $8.68 billion for the quarter, compared to the consensus estimate of $8.82 billion. PayPal had a net margin of 15.77% and a return on equity of 25.42%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.19 EPS. Equities analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

PayPal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were given a $0.14 dividend. The ex-dividend date of this dividend 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%.

Insiders Place Their Bets

In other news, CAO Chris Natali sold 2,208 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $44.73, for a total transaction of $98,763.84. Following the transaction, the chief accounting officer owned 1,140 shares of the company’s stock, valued at approximately $50,992.20. This represents a 65.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Frank Keller sold 29,581 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 $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. The trade was a 36.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 87,608 shares of company stock valued at $3,831,535 over the last quarter. Insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of PayPal from a “buy” rating to a “hold” rating in a research note on Sunday, January 18th. William Blair reiterated a “market perform” rating on shares of PayPal in a report on Tuesday, February 3rd. Compass Point raised PayPal from a “sell” rating to a “neutral” rating and set a $51.00 price objective for the company in a research report on Wednesday, February 4th. Susquehanna lowered their target price on PayPal from $90.00 to $63.00 and set a “positive” rating on the stock in a research note on Wednesday, February 4th. Finally, Citizens Jmp reaffirmed a “market perform” rating on shares of PayPal in a research report on Wednesday, February 4th. Eight analysts have rated the stock with a Buy rating, thirty have given a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $58.43.

Get Our Latest Stock Analysis on PYPL

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

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPLFree Report).

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.