PBU The Pension Fund of Early Childhood & Youth Educators Purchases New Position in PayPal Holdings, Inc. $PYPL

PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 115,170 shares of the credit services provider’s stock, valued at approximately $6,724,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kelleher Financial Advisors purchased a new stake in PayPal in the third quarter valued at $30,000. Torren Management LLC purchased a new stake in shares of PayPal in the fourth quarter valued at about $31,000. Private Wealth Asset Management LLC raised its holdings in shares of PayPal by 8,700.0% in the fourth quarter. Private Wealth Asset Management LLC now owns 528 shares of the credit services provider’s stock valued at $31,000 after buying an additional 522 shares during the last quarter. Strategic Advocates LLC purchased a new stake in shares of PayPal in the third quarter valued at about $38,000. Finally, Steph & Co. raised its holdings in shares of PayPal by 103.1% in the fourth quarter. Steph & Co. now owns 656 shares of the credit services provider’s stock valued at $38,000 after buying an additional 333 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Trading Down 3.4%

NASDAQ PYPL opened at $41.29 on Friday. The stock has a market capitalization of $36.42 billion, a P/E ratio of 7.75, a P/E/G ratio of 1.03 and a beta of 1.34. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.50. The firm has a 50-day moving average price of $46.20 and a 200 day moving average price of $50.59. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPLGet Free Report) 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 analysts’ expectations of $8.05 billion. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.33 earnings per share. Equities research analysts expect that PayPal Holdings, Inc. will post 5.3 EPS for the current year.

PayPal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, June 4th. PayPal’s dividend payout ratio is currently 10.51%.

Key Headlines Impacting PayPal

Here are the key news stories impacting PayPal this week:

Insider Buying and Selling

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 transaction, the insider directly owned 41,567 shares of the company’s stock, valued at $2,076,687.32. This represents a 20.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of the stock in a transaction dated Wednesday, April 29th. The stock was 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. Insiders sold 20,612 shares of company stock valued at $966,623 over the last ninety days. Corporate insiders own 0.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PYPL shares. Daiwa Securities Group raised shares of PayPal from a “hold” rating to an “outperform” rating in a report on Wednesday, May 6th. Loop Capital started coverage on shares of PayPal in a report on Tuesday, March 31st. They issued a “hold” rating and a $46.00 target price for the company. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of PayPal in a report on Tuesday, February 24th. The Goldman Sachs Group reduced their target price on shares of PayPal from $41.00 to $40.00 in a report on Wednesday, May 6th. Finally, BMO Capital Markets started coverage on shares of PayPal in a report on Tuesday, April 21st. They issued a “market perform” rating and a $52.00 target price for the company. 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $55.85.

Get Our Latest Analysis on PayPal

About PayPal

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPLFree Report).

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.