PayPal Holdings, Inc. $PYPL Shares Purchased by Greatmark Investment Partners Inc.

Greatmark Investment Partners Inc. boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 28.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 409,365 shares of the credit services provider’s stock after acquiring an additional 89,931 shares during the quarter. PayPal comprises about 2.2% of Greatmark Investment Partners Inc.’s investment portfolio, making the stock its 17th biggest holding. Greatmark Investment Partners Inc.’s holdings in PayPal were worth $18,516,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of PYPL. Maia Wealth LLC boosted its position in shares of PayPal by 2.5% during the 3rd quarter. Maia Wealth LLC now owns 6,404 shares of the credit services provider’s stock valued at $424,000 after purchasing an additional 155 shares in the last quarter. GeoWealth Management LLC raised its holdings in shares of PayPal by 6.2% in the 3rd quarter. GeoWealth Management LLC now owns 3,214 shares of the credit services provider’s stock worth $216,000 after purchasing an additional 188 shares in the last quarter. Harrell Investment Partners LLC raised its holdings in shares of PayPal by 2.1% in the 4th quarter. Harrell Investment Partners LLC now owns 9,374 shares of the credit services provider’s stock worth $547,000 after purchasing an additional 189 shares in the last quarter. Formidable Asset Management LLC lifted its stake in PayPal by 0.8% during the first quarter. Formidable Asset Management LLC now owns 25,937 shares of the credit services provider’s stock valued at $1,173,000 after purchasing an additional 205 shares during the last quarter. Finally, KPP Advisory Services LLC boosted its holdings in PayPal by 3.3% during the first quarter. KPP Advisory Services LLC now owns 6,625 shares of the credit services provider’s stock worth $300,000 after buying an additional 214 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PYPL has been the topic of several recent research reports. Truist Financial decreased their price target on shares of PayPal from $45.00 to $44.00 and set a “sell” rating on the stock in a research report on Tuesday, May 12th. Canaccord Genuity Group reiterated a “hold” rating and set a $42.00 price objective on shares of PayPal in a research report on Wednesday, May 20th. Mizuho reissued a “neutral” rating and set a $50.00 price objective (down from $60.00) on shares of PayPal in a research note on Thursday, April 16th. Weiss Ratings restated a “hold (c-)” rating on shares of PayPal in a report on Friday, May 8th. Finally, Piper Sandler cut their target price on PayPal from $46.00 to $42.00 and set a “neutral” rating on the stock in a research report on Monday, June 29th. 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.com, the company presently has a consensus rating of “Hold” and an average target price of $55.01.

PayPal Trading Down 0.8%

Shares of NASDAQ PYPL opened at $45.09 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. PayPal Holdings, Inc. has a one year low of $38.46 and a one year high of $79.50. The business has a 50-day moving average price of $44.49 and a two-hundred day moving average price of $47.91. The firm has a market capitalization of $39.77 billion, a PE ratio of 8.46, a PEG ratio of 1.13 and a beta of 1.33.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.07. The company had revenue of $8.35 billion for the quarter, compared to the consensus estimate of $8.05 billion. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.33 EPS. As a group, analysts predict that PayPal Holdings, Inc. will post 5.32 earnings per share for the current fiscal year.

PayPal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, June 4th. PayPal’s dividend payout ratio is currently 10.51%.

Insiders Place Their Bets

In other news, insider Suzan Kereere sold 3,379 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $42.79, for a total value of $144,587.41. Following the transaction, the insider directly owned 30,983 shares of the company’s stock, valued at approximately $1,325,762.57. This represents a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 4,612 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $42.54, for a total value of $196,194.48. Following the sale, the insider owned 41,567 shares of the company’s stock, valued at approximately $1,768,260.18. This represents a 9.99% 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. Insiders sold a total of 20,612 shares of company stock worth $966,623 in the last quarter. 0.63% of the stock is currently owned by corporate insiders.

PayPal Company 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.