PayPal Holdings, Inc. $PYPL Shares Sold by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. reduced its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 27.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 144,782 shares of the credit services provider’s stock after selling 55,259 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in PayPal were worth $8,452,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Cloud Capital Management LLC purchased a new stake in shares of PayPal in the 3rd quarter valued at $30,000. Kelleher Financial Advisors acquired a new position in PayPal during the 3rd quarter worth about $30,000. True Wealth Design LLC boosted its holdings in PayPal by 285.3% during the 3rd quarter. True Wealth Design LLC now owns 524 shares of the credit services provider’s stock valued at $35,000 after acquiring an additional 388 shares during the period. Dagco Inc. boosted its holdings in PayPal by 1,250.0% during the 3rd quarter. Dagco Inc. now owns 540 shares of the credit services provider’s stock valued at $36,000 after acquiring an additional 500 shares during the period. Finally, Total Investment Management Inc. acquired a new position in PayPal in the 2nd quarter valued at about $38,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal News Summary

Here are the key news stories impacting PayPal this week:

Insider Activity at PayPal

In other PayPal news, 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 transaction of $1,361,317.62. Following the sale, the executive vice president owned 51,567 shares of the company’s stock, valued at approximately $2,373,113.34. This trade represents a 36.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Chris Natali sold 2,208 shares of the business’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 transaction of $98,763.84. Following the sale, the chief accounting officer owned 1,140 shares of the company’s stock, valued at $50,992.20. This represents a 65.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 87,608 shares of company stock valued at $3,831,535 over the last three months. 0.08% of the stock is owned by corporate insiders.

PayPal Stock Performance

NASDAQ:PYPL opened at $43.59 on Monday. PayPal Holdings, Inc. has a 12 month low of $38.46 and a 12 month high of $79.50. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market capitalization of $40.13 billion, a PE ratio of 8.06, a price-to-earnings-growth ratio of 1.30 and a beta of 1.43. The business’s fifty day moving average price is $46.29 and its 200 day moving average price is $57.99.

PayPal (NASDAQ:PYPLGet Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share (EPS) 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 analysts’ expectations of $8.82 billion. PayPal had a return on equity of 25.42% and a net margin of 15.77%.The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm earned $1.19 earnings per share. 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. The ex-dividend date was Wednesday, March 4th. This represents a $0.56 annualized dividend and a yield of 1.3%. PayPal’s payout ratio is presently 10.35%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Wells Fargo & Company cut their price target on shares of PayPal from $67.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 4th. Wolfe Research restated a “sell” rating on shares of PayPal in a report on Monday, February 23rd. Argus cut their target price on shares of PayPal from $87.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Dbs Bank upgraded shares of PayPal to a “hold” rating in a report on Friday, February 6th. Finally, Stephens decreased their price target on shares of PayPal from $65.00 to $45.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 4th. Eight investment analysts have rated the stock with a Buy rating, thirty have issued a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $58.43.

Check Out Our Latest Analysis on PayPal

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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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