Arkfeld Wealth Strategies L.L.C. Acquires 39,957 Shares of PayPal Holdings, Inc. $PYPL

Arkfeld Wealth Strategies L.L.C. raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 78.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 91,212 shares of the credit services provider’s stock after acquiring an additional 39,957 shares during the quarter. PayPal comprises 1.6% of Arkfeld Wealth Strategies L.L.C.’s portfolio, making the stock its 17th biggest holding. Arkfeld Wealth Strategies L.L.C.’s holdings in PayPal were worth $4,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in PYPL. Vanguard Group Inc. boosted its stake in shares of PayPal by 6.5% during the 4th quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock worth $5,276,205,000 after acquiring an additional 5,534,462 shares in the last quarter. Capital Research Global Investors raised its stake in shares of PayPal by 2.3% in the 3rd quarter. Capital Research Global Investors now owns 27,953,803 shares of the credit services provider’s stock valued at $1,874,637,000 after acquiring an additional 636,441 shares in the last quarter. Norges Bank bought a new position in shares of PayPal in the 4th quarter valued at approximately $949,758,000. Invesco Ltd. lifted its holdings in PayPal by 9.7% in the 4th quarter. Invesco Ltd. now owns 12,215,792 shares of the credit services provider’s stock worth $713,158,000 after purchasing an additional 1,083,843 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in PayPal by 7.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,803,241 shares of the credit services provider’s stock worth $513,966,000 after purchasing an additional 625,705 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Buying and Selling at PayPal

In related news, insider Frank Keller sold 10,732 shares of the stock in a transaction dated Wednesday, April 29th. The shares were 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 in the company, valued at $2,076,687.32. This trade represents a 20.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of PayPal stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $49.46, for a total transaction of $66,128.02. Following the transaction, the chief accounting officer directly owned 1,586 shares of the company’s stock, valued at $78,443.56. This represents a 45.74% 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. Over the last three months, insiders sold 20,612 shares of company stock valued at $966,623. 0.63% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on PYPL shares. Raymond James Financial reiterated a “market perform” rating on shares of PayPal in a report on Monday, February 23rd. UBS Group boosted their price objective on shares of PayPal from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Zacks Research raised shares of PayPal from a “strong sell” rating to a “hold” rating in a report on Friday, April 17th. Truist Financial decreased their price objective on shares of PayPal from $45.00 to $44.00 and set a “sell” rating for the company in a report on Tuesday, May 12th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of PayPal in a research note on Friday, May 8th. Eight investment analysts have rated the stock with a Buy rating, thirty-two have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $55.85.

PayPal Trading Down 0.4%

Shares of PayPal stock opened at $42.34 on Tuesday. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.50. The firm has a market capitalization of $37.35 billion, a PE ratio of 7.94, a price-to-earnings-growth ratio of 1.06 and a beta of 1.34. 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 company’s fifty day moving average price is $45.51 and its two-hundred day moving average price is $49.03.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.07. The firm 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 company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.33 earnings per share. On average, analysts expect that PayPal Holdings, Inc. will post 5.3 EPS for the current year.

PayPal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders 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 1.3%. The ex-dividend date is Thursday, June 4th. PayPal’s dividend payout ratio is currently 10.51%.

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.