PayPal Holdings, Inc. $PYPL Stock Holdings Lessened by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 52.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,755 shares of the credit services provider’s stock after selling 32,404 shares during the period. Koss Olinger Consulting LLC’s holdings in PayPal were worth $1,737,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in PayPal in the fourth quarter worth approximately $949,758,000. Eurizon Capital SGR S.p.A. acquired a new position in PayPal in the fourth quarter worth approximately $13,749,000. Hillsdale Investment Management Inc. increased its holdings in PayPal by 21.9% in the fourth quarter. Hillsdale Investment Management Inc. now owns 14,390 shares of the credit services provider’s stock worth $840,000 after buying an additional 2,590 shares during the last quarter. Fideuram Asset Management Ireland dac acquired a new position in PayPal in the fourth quarter worth approximately $1,234,000. Finally, Basepoint Wealth LLC acquired a new position in PayPal in the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Activity

In other news, insider Frank Keller sold 10,732 shares of the stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $49.96, for a total value of $536,170.72. Following the completion of the sale, the insider directly owned 41,567 shares of the company’s stock, valued at approximately $2,076,687.32. This represents a 20.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 that occurred 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 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. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 57,373 shares of company stock valued at $2,684,341. 0.63% of the stock is owned by company insiders.

PayPal Trading Up 0.7%

Shares of PYPL stock opened at $44.75 on Friday. PayPal Holdings, Inc. has a 12 month low of $38.46 and a 12 month high of $79.50. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $46.32 and its two-hundred day moving average is $51.38. The company has a market cap of $39.47 billion, a PE ratio of 8.40, a price-to-earnings-growth ratio of 1.11 and a beta of 1.39.

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

PayPal Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PYPL. Needham & Company LLC restated a “hold” rating on shares of PayPal in a report on Tuesday, May 5th. Loop Capital began coverage on PayPal in a report on Tuesday, March 31st. They issued a “hold” rating and a $46.00 price objective on the stock. Raymond James Financial reiterated a “market perform” rating on shares of PayPal in a report on Monday, February 23rd. BNP Paribas Exane increased their price target on PayPal from $41.00 to $43.50 and gave the company a “neutral” rating in a report on Friday, April 10th. Finally, Dbs Bank upgraded PayPal to a “hold” rating in a report on Friday, February 6th. Eight investment analysts have rated the stock with a Buy rating, thirty-two have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, PayPal currently has a consensus rating of “Hold” and an average target price of $55.85.

PayPal Company 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.