Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 11,783 Shares of PayPal Holdings, Inc. $PYPL

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 217,638 shares of the credit services provider’s stock after selling 11,783 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in PayPal were worth $12,706,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of PayPal by 6.5% in the fourth quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock worth $5,276,205,000 after buying an additional 5,534,462 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of PayPal by 2.3% in the third quarter. Capital Research Global Investors now owns 27,953,803 shares of the credit services provider’s stock worth $1,874,637,000 after buying an additional 636,441 shares in the last quarter. Norges Bank bought a new position in shares of PayPal in the fourth quarter worth approximately $949,758,000. Invesco Ltd. lifted its stake in shares of PayPal by 10.9% in the third quarter. Invesco Ltd. now owns 11,131,949 shares of the credit services provider’s stock worth $746,508,000 after buying an additional 1,093,365 shares in the last quarter. Finally, Amundi lifted its stake in shares of PayPal by 1.6% in the third quarter. Amundi now owns 8,493,311 shares of the credit services provider’s stock worth $605,488,000 after buying an additional 132,837 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Insider Buying and Selling at PayPal

In related news, CAO Chris Natali sold 1,337 shares of the firm’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $49.46, for a total transaction of $66,128.02. Following the completion of the transaction, the chief accounting officer directly owned 1,586 shares of the company’s stock, valued at approximately $78,443.56. This trade represents a 45.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 the firm’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $49.96, for a total transaction of $536,170.72. Following the transaction, the insider directly owned 41,567 shares of the company’s stock, valued at $2,076,687.32. The trade was a 20.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.63% of the company’s stock.

PayPal Stock Performance

Shares of NASDAQ PYPL opened at $45.19 on Tuesday. The firm has a fifty day moving average price of $46.34 and a 200-day moving average price of $51.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market cap of $39.86 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 1.12 and a beta of 1.39. PayPal Holdings, Inc. has a 1 year low of $38.46 and a 1 year high of $79.50.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data 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 firm had revenue of $8.35 billion during the quarter, compared to analysts’ expectations of $8.05 billion. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.33 earnings per share. Equities analysts anticipate that PayPal Holdings, Inc. will post 5.3 earnings per share for the current fiscal year.

PayPal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, June 4th. PayPal’s dividend payout ratio (DPR) is presently 10.51%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PYPL. Robert W. Baird set a $52.00 price objective on shares of PayPal in a research report on Wednesday, February 4th. BNP Paribas Exane increased their price objective on shares of PayPal from $41.00 to $43.50 and gave the company a “neutral” rating in a research report on Friday, April 10th. TD Cowen restated a “hold” rating on shares of PayPal in a research report on Tuesday, February 3rd. Dbs Bank upgraded shares of PayPal to a “hold” rating in a research report on Friday, February 6th. Finally, Evercore lowered their price objective on shares of PayPal from $65.00 to $40.00 and set an “in-line” rating on the stock in a research report on Tuesday, February 3rd. Eight equities research analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $55.85.

About PayPal

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.