Floyd Financial Group LLC Purchases New Holdings in PayPal Holdings, Inc. $PYPL

Floyd Financial Group LLC purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) during the fourth quarter, Holdings Channel reports. The firm purchased 25,145 shares of the credit services provider’s stock, valued at approximately $1,468,000. PayPal makes up approximately 1.0% of Floyd Financial Group LLC’s holdings, making the stock its 28th biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of PayPal by 6.5% in the 4th quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock valued at $5,276,205,000 after purchasing an additional 5,534,462 shares during the last quarter. Rule One Partners LLC acquired a new stake in PayPal in the fourth quarter valued at about $2,043,000. Kovitz Investment Group Partners LLC boosted its stake in PayPal by 21.1% in the third quarter. Kovitz Investment Group Partners LLC now owns 463,701 shares of the credit services provider’s stock valued at $31,096,000 after buying an additional 80,744 shares in the last quarter. Capital Research Global Investors grew its position in PayPal by 2.3% in the third 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 during the last quarter. Finally, Step Capital Management Pte. Ltd. acquired a new position in PayPal during the fourth quarter worth about $6,130,000. Institutional investors own 68.32% of the company’s stock.

Key PayPal News

Here are the key news stories impacting PayPal this week:

Insider Activity

In related news, insider Frank Keller sold 10,732 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $49.96, for a total value of $536,170.72. Following the sale, the insider owned 41,567 shares of the company’s stock, valued at $2,076,687.32. The trade was a 20.52% decrease in their ownership of the stock. 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 the stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $49.46, for a total value of $66,128.02. Following the completion of the sale, the chief accounting officer owned 1,586 shares of the company’s stock, valued at $78,443.56. The trade was 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 90 days, insiders sold 20,612 shares of company stock valued at $966,623. Insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

PYPL has been the topic of a number of research analyst reports. Canaccord Genuity Group restated a “hold” rating and issued a $42.00 price target on shares of PayPal in a research note on Wednesday, May 20th. Loop Capital began coverage on shares of PayPal in a research note on Tuesday, March 31st. They issued a “hold” rating and a $46.00 price objective for the company. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research report on Tuesday, May 5th. KGI Securities reaffirmed a “hold” rating and set a $55.00 target price on shares of PayPal in a research note on Monday, March 2nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of PayPal in a report 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, PayPal currently has a consensus rating of “Hold” and an average target price of $55.85.

Read Our Latest Research Report on PYPL

PayPal Stock Performance

NASDAQ:PYPL opened at $42.51 on Friday. The stock’s 50-day moving average is $45.65 and its 200-day moving average is $49.31. PayPal Holdings, Inc. has a 1-year low of $38.46 and a 1-year high of $79.50. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47. The stock has a market cap of $37.50 billion, a P/E ratio of 7.98, a price-to-earnings-growth ratio of 1.05 and a beta of 1.34.

PayPal (NASDAQ:PYPLGet Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.07. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The business had revenue of $8.35 billion during the quarter, compared to analyst estimates of $8.05 billion. During the same quarter last year, the business earned $1.33 EPS. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. Equities research analysts anticipate that PayPal Holdings, Inc. will post 5.3 earnings per share for the current year.

PayPal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be given 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 dividend payout ratio is 10.51%.

PayPal Profile

(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 Stories

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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