Corient Private Wealth LLC Raises Stock Position in PayPal Holdings, Inc. $PYPL

Corient Private Wealth LLC raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 309,097 shares of the credit services provider’s stock after purchasing an additional 14,519 shares during the period. Corient Private Wealth LLC’s holdings in PayPal were worth $18,046,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PYPL. Bard Associates Inc. acquired a new position in shares of PayPal during the 4th quarter worth about $25,000. Kelleher Financial Advisors acquired a new stake in PayPal in the 3rd quarter worth about $30,000. Caitong International Asset Management Co. Ltd increased its stake in PayPal by 15,233.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock worth $27,000 after buying an additional 457 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new position in shares of PayPal during the fourth quarter valued at approximately $28,000. Finally, Advocate Investing Services LLC acquired a new position in shares of PayPal during the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Buying and Selling at PayPal

In other PayPal news, insider Frank Keller sold 10,732 shares of PayPal 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 directly owned 41,567 shares in the company, valued at $2,076,687.32. This trade represents a 20.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 the business’s stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 1,586 shares in the company, valued at $78,443.56. This trade represents a 45.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 20,612 shares of company stock valued at $966,623 over the last 90 days. 0.63% of the stock is owned by insiders.

PayPal Trading Down 0.4%

Shares of PayPal stock opened at $42.34 on Tuesday. The stock has a 50 day moving average of $45.51 and a 200 day moving average of $49.03. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $37.35 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 1.06 and a beta of 1.34. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $79.50.

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

PayPal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, June 4th. PayPal’s payout ratio is 10.51%.

Analyst Ratings Changes

PYPL has been the topic of several research reports. Raymond James Financial restated a “market perform” rating on shares of PayPal in a research report on Monday, February 23rd. Bank of America reduced their price objective on PayPal from $55.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. BNP Paribas Exane raised their price objective on PayPal from $41.00 to $43.50 and gave the company a “neutral” rating in a report on Friday, April 10th. Citigroup lifted their target price on shares of PayPal from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 8th. Finally, Wolfe Research reaffirmed a “sell” rating on shares of PayPal in a report on Monday, February 23rd. Eight 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.