 Daymark Wealth Partners LLC decreased its holdings in  PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 19.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor  owned 7,902 shares of the credit services provider’s stock after selling 1,887 shares during the period. Daymark Wealth Partners LLC’s holdings in PayPal were worth $587,000 at the end of the most recent reporting period.
Daymark Wealth Partners LLC decreased its holdings in  PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 19.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor  owned 7,902 shares of the credit services provider’s stock after selling 1,887 shares during the period. Daymark Wealth Partners LLC’s holdings in PayPal were worth $587,000 at the end of the most recent reporting period. 
A number of other large investors have also recently made changes to their positions in the stock. Eubel Brady & Suttman Asset Management Inc. boosted its holdings in shares of PayPal by 4.2% in the second quarter. Eubel Brady & Suttman Asset Management Inc. now owns 459,327 shares of the credit services provider’s stock worth $34,137,000 after acquiring an additional 18,457 shares during the period. Econ Financial Services Corp boosted its holdings in shares of PayPal by 68.5% in the second quarter. Econ Financial Services Corp now owns 22,163 shares of the credit services provider’s stock worth $1,647,000 after acquiring an additional 9,013 shares during the period. Evergreen Wealth Management LLC boosted its holdings in shares of PayPal by 1.3% in the second quarter. Evergreen Wealth Management LLC now owns 35,060 shares of the credit services provider’s stock worth $2,606,000 after acquiring an additional 447 shares during the period. Quaker Wealth Management LLC boosted its holdings in shares of PayPal by 291.1% in the second quarter. Quaker Wealth Management LLC now owns 2,125 shares of the credit services provider’s stock worth $158,000 after acquiring an additional 3,237 shares during the period. Finally, Mizuho Markets Cayman LP boosted its holdings in shares of PayPal by 4,624.3% in the second quarter. Mizuho Markets Cayman LP now owns 244,720 shares of the credit services provider’s stock worth $18,188,000 after acquiring an additional 239,540 shares during the period. 68.32% of the stock is owned by institutional investors.
PayPal Trading Down 2.5%
Shares of PYPL stock opened at $67.93 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.34 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average price of $69.07 and a two-hundred day moving average price of $70.04. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The firm has a market cap of $64.90 billion, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 1.03 and a beta of 1.44.
PayPal Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 19th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $0.56 annualized dividend and a yield of 0.8%.
Insider Transactions at PayPal
In other PayPal news, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $69.39, for a total transaction of $288,801.18. Following the completion of the sale, the insider owned 48,483 shares of the company’s stock, valued at $3,364,235.37. The trade was a 7.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.08% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of research firms have recently commented on PYPL. Keefe, Bruyette & Woods raised their price target on PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday. Wall Street Zen lowered PayPal from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Tuesday. BNP Paribas Exane lifted their price objective on PayPal from $69.00 to $71.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Jefferies Financial Group lifted their price objective on PayPal from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday. Sixteen research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, PayPal currently has an average rating of “Hold” and a consensus price target of $83.31.
View Our Latest Stock Analysis on PayPal
PayPal Profile
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.
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