17,375 Shares in PayPal Holdings, Inc. $PYPL Acquired by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,375 shares of the credit services provider’s stock, valued at approximately $1,014,000.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its position in PayPal by 15.2% during the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock valued at $596,000 after buying an additional 924 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in PayPal during the fourth quarter valued at approximately $248,000. Sivia Capital Partners LLC lifted its position in PayPal by 41.5% during the second quarter. Sivia Capital Partners LLC now owns 4,470 shares of the credit services provider’s stock valued at $332,000 after buying an additional 1,310 shares in the last quarter. United Bank lifted its position in PayPal by 40.1% during the second quarter. United Bank now owns 17,388 shares of the credit services provider’s stock valued at $1,292,000 after buying an additional 4,974 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in PayPal by 17.9% during the second quarter. Federated Hermes Inc. now owns 18,909 shares of the credit services provider’s stock valued at $1,405,000 after buying an additional 2,865 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Trading Up 1.0%

NASDAQ PYPL opened at $45.19 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47. The company’s fifty day simple moving average is $46.34 and its 200-day simple moving average is $51.12. The stock has a market cap of $39.86 billion, a P/E ratio of 8.48, a PEG ratio of 1.12 and a beta of 1.39. PayPal Holdings, Inc. has a 52 week low of $38.46 and a 52 week high of $79.50.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. The business had revenue of $8.35 billion during the quarter, compared to analyst estimates of $8.05 billion. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.33 earnings per share. Equities research analysts predict that PayPal Holdings, Inc. will post 5.3 EPS for the current fiscal year.

PayPal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, June 4th. PayPal’s payout ratio is 10.51%.

Insiders Place Their Bets

In related news, CAO Chris Natali sold 1,337 shares of PayPal stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $49.46, for a total value of $66,128.02. Following the completion of the sale, the chief accounting officer owned 1,586 shares in the company, valued at approximately $78,443.56. The trade was a 45.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 10,732 shares of PayPal stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $49.96, for a total transaction of $536,170.72. Following the completion of the sale, the insider owned 41,567 shares of the company’s stock, valued at approximately $2,076,687.32. This trade represents a 20.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.63% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PYPL shares. Morgan Stanley reduced their price target on shares of PayPal from $50.00 to $34.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 4th. Wolfe Research reaffirmed a “sell” rating on shares of PayPal in a research report on Monday, February 23rd. Daiwa Securities Group raised shares of PayPal from a “hold” rating to an “outperform” rating in a research report on Wednesday, May 6th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research report on Tuesday, May 5th. Finally, Argus reduced their target price on shares of PayPal from $87.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Eight research analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, PayPal currently has an average rating of “Hold” and an average price target of $55.85.

PayPal Profile

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.