HBW Advisory Services LLC Has $213,000 Stock Position in PayPal Holdings, Inc. $PYPL

HBW Advisory Services LLC lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 87.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,709 shares of the credit services provider’s stock after selling 32,270 shares during the quarter. HBW Advisory Services LLC’s holdings in PayPal were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in PayPal during the fourth quarter valued at about $949,758,000. Vanguard Group Inc. increased its position in shares of PayPal by 6.5% in the fourth quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock worth $5,276,205,000 after acquiring an additional 5,534,462 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of PayPal by 355.1% during the first quarter. SG Americas Securities LLC now owns 4,967,170 shares of the credit services provider’s stock valued at $224,665,000 after acquiring an additional 3,875,688 shares during the period. AQR Capital Management LLC raised its holdings in shares of PayPal by 143.4% during the fourth quarter. AQR Capital Management LLC now owns 5,089,586 shares of the credit services provider’s stock valued at $297,130,000 after acquiring an additional 2,998,286 shares during the period. Finally, Voloridge Investment Management LLC lifted its position in shares of PayPal by 261.5% in the 4th quarter. Voloridge Investment Management LLC now owns 2,291,213 shares of the credit services provider’s stock valued at $133,761,000 after acquiring an additional 1,657,458 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

More PayPal News

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal surged after reports that Stripe and Advent made a $53 billion acquisition offer at $60.50 per share, creating a takeover premium and boosting investor optimism. Reuters: Stripe, Advent offer to buy PayPal for more than $53 billion
• Positive Sentiment: Analysts and investors are arguing the bid undervalues PayPal, with some estimates pointing to a higher fair value around $70 a share or more, which keeps takeover speculation alive. Article: Cantor sees potential for higher PayPal offer as analysis suggests $70/share value
• Neutral Sentiment: Barclays raised its price target to $55 and Canaccord lifted its target to $55, signaling some improvement in outlook, though both targets remain below the recent trading level. Article: Paypal (PYPL) Gains As Market Dips: What You Should Know
• Neutral Sentiment: PayPal’s board is reportedly viewing the Stripe-Advent proposal as inadequate, suggesting negotiations could continue and the final outcome is still uncertain. Reuters: PayPal board sees Stripe-Advent offer as inadequate, sources say
• Negative Sentiment: Regulatory and financing hurdles could complicate or delay any deal, which may temper some of the takeover enthusiasm if no quick resolution emerges. Reuters: PayPal board sees Stripe-Advent offer as inadequate, sources say

Insider Activity at PayPal

In other news, insider Suzan Kereere sold 3,379 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $42.79, for a total transaction of $144,587.41. Following the completion of the sale, the insider directly owned 30,983 shares of the company’s stock, valued at $1,325,762.57. This trade represents a 9.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 4,612 shares of the firm’s stock in a transaction dated 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 directly owned 41,567 shares of the company’s stock, valued at $1,768,260.18. This trade represents 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 90 days, insiders sold 20,612 shares of company stock valued at $966,623. Insiders own 0.63% of the company’s stock.

Analyst Upgrades and Downgrades

PYPL has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of PayPal in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reduced their target price on PayPal from $50.00 to $45.00 in a report on Monday, May 11th. Daiwa Securities Group raised PayPal from a “hold” rating to an “outperform” rating in a research report on Wednesday, May 6th. Truist Financial lowered their price target on PayPal from $45.00 to $44.00 and set a “sell” rating on the stock in a report on Tuesday, May 12th. Finally, BMO Capital Markets began coverage on PayPal in a research report on Tuesday, April 21st. They set a “market perform” rating and a $52.00 price target on the stock. Seven equities research analysts have rated the stock with a Buy rating, thirty-three have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, PayPal presently has an average rating of “Hold” and a consensus target price of $54.61.

PayPal Stock Up 2.2%

PayPal stock opened at $56.73 on Friday. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.50. 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 firm has a market cap of $50.04 billion, a PE ratio of 10.64, a P/E/G ratio of 1.39 and a beta of 1.33. The firm’s 50 day moving average price is $44.37 and its two-hundred day moving average price is $47.16.

PayPal (NASDAQ:PYPL) last issued its earnings results 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 company 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 posted $1.33 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, research analysts predict that PayPal Holdings, Inc. will post 5.32 EPS for the current fiscal year.

PayPal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 4th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, June 4th. PayPal’s dividend payout ratio (DPR) is currently 10.51%.

PayPal 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.