PayPal Holdings, Inc. $PYPL Shares Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 34.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 88,735 shares of the credit services provider’s stock after acquiring an additional 22,883 shares during the period. Motley Fool Asset Management LLC’s holdings in PayPal were worth $5,180,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kelleher Financial Advisors acquired a new position in PayPal in the 3rd quarter valued at about $30,000. Private Wealth Asset Management LLC raised its stake in PayPal by 8,700.0% in the 4th quarter. Private Wealth Asset Management LLC now owns 528 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 522 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in PayPal in the 4th quarter valued at about $31,000. Torren Management LLC acquired a new position in PayPal in the 4th quarter valued at about $31,000. Finally, Strategic Advocates LLC acquired a new position in PayPal in the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

PYPL has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of PayPal from $50.00 to $45.00 in a research note on Monday, May 11th. KGI Securities reissued a “hold” rating and issued a $55.00 target price on shares of PayPal in a research note on Monday, March 2nd. Bank of America cut their target price on shares of PayPal from $55.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Rothschild & Co Redburn cut their target price on shares of PayPal from $50.00 to $32.00 and set a “sell” rating for the company in a research note on Wednesday, February 11th. Finally, Citigroup boosted their target price on shares of PayPal from $42.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, April 8th. Eight analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, PayPal currently has an average rating of “Hold” and a consensus price target of $55.85.

Insider Buying and Selling

In related news, insider Suzan Kereere sold 3,379 shares of the company’s stock in a transaction that occurred on 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 owned 30,983 shares of the company’s stock, valued at approximately $1,325,762.57. This represents a 9.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 10,732 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $49.96, for a total transaction of $536,170.72. Following the transaction, the insider directly owned 41,567 shares of the company’s stock, valued at $2,076,687.32. This trade represents a 20.52% decrease in their position. 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 sold 20,612 shares of company stock valued at $966,623. Insiders own 0.63% of the company’s stock.

PayPal Stock Performance

Shares of PYPL stock opened at $41.46 on Wednesday. PayPal Holdings, Inc. has a one year low of $38.46 and a one year 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 company has a 50 day moving average price of $46.07 and a 200 day moving average price of $50.25. The firm has a market capitalization of $36.57 billion, a price-to-earnings ratio of 7.78, a price-to-earnings-growth ratio of 1.03 and a beta of 1.34.

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

PayPal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.56 annualized dividend and a yield of 1.4%. PayPal’s dividend payout ratio is 10.51%.

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.