Banco Bilbao Vizcaya Argentaria S.A. Decreases Stake in PayPal Holdings, Inc. $PYPL

Banco Bilbao Vizcaya Argentaria S.A. lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 662,960 shares of the credit services provider’s stock after selling 16,758 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A. owned approximately 0.07% of PayPal worth $43,059,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PYPL. Brighton Jones LLC lifted its stake in PayPal by 15.2% in the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock worth $596,000 after acquiring an additional 924 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in PayPal in the fourth quarter valued at approximately $248,000. NewEdge Advisors LLC boosted its holdings in PayPal by 2.1% in the fourth quarter. NewEdge Advisors LLC now owns 32,922 shares of the credit services provider’s stock valued at $2,810,000 after purchasing an additional 675 shares in the last quarter. GeoWealth Management LLC boosted its holdings in PayPal by 37.4% in the fourth quarter. GeoWealth Management LLC now owns 5,918 shares of the credit services provider’s stock valued at $505,000 after purchasing an additional 1,610 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in PayPal by 7.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,520,798 shares of the credit services provider’s stock valued at $300,515,000 after purchasing an additional 252,540 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Trading Up 0.4%

NASDAQ:PYPL opened at $69.53 on Tuesday. The stock has a fifty day moving average price of $72.48 and a two-hundred day moving average price of $70.55. The stock has a market capitalization of $66.43 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 1.07 and a beta of 1.42. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.10. The firm had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.08 billion. PayPal had a return on equity of 25.35% and a net margin of 14.49%. During the same quarter in the prior year, the business posted $1.19 earnings per share. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. BMO Capital Markets reaffirmed a “market perform” rating on shares of PayPal in a report on Tuesday, July 29th. UBS Group lowered their price target on PayPal from $88.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, April 30th. Wall Street Zen raised PayPal from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Deutsche Bank Aktiengesellschaft set a $75.00 price target on PayPal in a report on Tuesday, July 29th. Finally, JMP Securities lowered their price target on PayPal from $110.00 to $100.00 and set a “market outperform” rating for the company in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, PayPal has an average rating of “Hold” and a consensus price target of $85.00.

Insiders Place Their Bets

In other PayPal news, Director Deborah M. Messemer sold 3,795 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.00, for a total value of $277,035.00. Following the completion of the transaction, the director owned 13,976 shares in the company, valued at approximately $1,020,248. This represents a 21.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Diego Scotti sold 3,839 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $281,168.36. Following the completion of the transaction, the executive vice president owned 16,989 shares of the company’s stock, valued at $1,244,274.36. The trade was a 18.43% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,736 shares of company stock worth $1,620,835. 0.08% of the stock is owned by insiders.

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.