Rare Wolf Capital LLC Purchases Shares of 14,151 PayPal Holdings, Inc. $PYPL

Rare Wolf Capital LLC purchased a new position in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) in the fourth quarter, HoldingsChannel reports. The firm purchased 14,151 shares of the credit services provider’s stock, valued at approximately $826,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in PayPal by 6.5% during 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 buying an additional 5,534,462 shares in the last quarter. Rule One Partners LLC purchased a new stake in shares of PayPal during the 4th quarter worth approximately $2,043,000. Kovitz Investment Group Partners LLC boosted its position in shares of PayPal by 21.1% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 463,701 shares of the credit services provider’s stock valued at $31,096,000 after acquiring an additional 80,744 shares during the last quarter. Capital Research Global Investors boosted its position in shares of PayPal by 2.3% during the 3rd 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. bought a new position in shares of PayPal during the 4th quarter valued at approximately $6,130,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Suzan Kereere sold 3,379 shares of PayPal stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $42.79, for a total transaction of $144,587.41. Following the completion of the transaction, the insider directly owned 30,983 shares of the company’s stock, valued at approximately $1,325,762.57. The trade was a 9.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 4,612 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $42.54, for a total transaction of $196,194.48. Following the transaction, the insider owned 41,567 shares in the company, valued at $1,768,260.18. The trade was a 9.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 20,612 shares of company stock valued at $966,623. 0.63% of the stock is currently owned by company insiders.

Trending Headlines about PayPal

Here are the key news stories impacting PayPal this week:

Analyst Ratings Changes

Several equities research analysts recently weighed in on PYPL shares. Bank of America reduced their price target on shares of PayPal from $55.00 to $53.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Raymond James Financial reiterated a “market perform” rating on shares of PayPal in a research report on Monday, February 23rd. Canaccord Genuity Group reissued a “hold” rating and issued a $42.00 price objective on shares of PayPal in a research note on Wednesday, May 20th. Weiss Ratings restated a “hold (c-)” rating on shares of PayPal in a report on Friday, May 8th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $59.00 target price on shares of PayPal in a report on Wednesday, May 6th. Eight equities research analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, PayPal currently has a consensus rating of “Hold” and an average price target of $55.85.

Check Out Our Latest Analysis on PYPL

PayPal Stock Performance

NASDAQ PYPL opened at $42.51 on Friday. The company has a market cap of $37.50 billion, a P/E ratio of 7.98, a P/E/G ratio of 1.05 and a beta of 1.34. 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 business’s 50 day moving average price is $45.65 and its 200-day moving average price is $49.31. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $79.50.

PayPal (NASDAQ:PYPLGet Free Report) last released its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.07. The company had revenue of $8.35 billion for the quarter, compared to analyst estimates of $8.05 billion. PayPal had a return on equity of 25.02% and a net margin of 15.00%.PayPal’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.33 EPS. Sell-side analysts predict that PayPal Holdings, Inc. will post 5.3 earnings per share for the current year.

PayPal Dividend Announcement

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

PayPal Company 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.

Further Reading

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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