One Wealth Advisors LLC Sells 19,415 Shares of PayPal Holdings, Inc. $PYPL

One Wealth Advisors LLC trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 54.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,248 shares of the credit services provider’s stock after selling 19,415 shares during the period. One Wealth Advisors LLC’s holdings in PayPal were worth $949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Robertson Stephens Wealth Management LLC bought a new position in PayPal during the 4th quarter worth about $513,000. Sparta 24 Ltd. bought a new position in PayPal during the 4th quarter worth about $7,022,000. Mutual Advisors LLC grew its holdings in PayPal by 65.3% during the 4th quarter. Mutual Advisors LLC now owns 11,798 shares of the credit services provider’s stock worth $689,000 after acquiring an additional 4,660 shares in the last quarter. Activest Wealth Management grew its holdings in PayPal by 104.1% during the 4th quarter. Activest Wealth Management now owns 698 shares of the credit services provider’s stock worth $41,000 after acquiring an additional 356 shares in the last quarter. Finally, Bell & Brown Wealth Advisors LLC grew its holdings in PayPal by 4.0% during the 4th quarter. Bell & Brown Wealth Advisors LLC now owns 77,985 shares of the credit services provider’s stock worth $4,553,000 after acquiring an additional 3,025 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PYPL has been the topic of several recent research reports. UBS Group set a $50.00 target price on shares of PayPal in a report on Thursday, April 16th. Wells Fargo & Company lowered their price target on shares of PayPal from $67.00 to $48.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 4th. Dbs Bank upgraded shares of PayPal to a “hold” rating in a report on Friday, February 6th. Zacks Research upgraded shares of PayPal from a “strong sell” rating to a “hold” rating in a report on Friday, April 17th. Finally, Robert W. Baird set a $52.00 price target on shares of PayPal in a report on Wednesday, February 4th. Seven investment 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. According to data from MarketBeat.com, PayPal currently has a consensus rating of “Hold” and a consensus price target of $56.55.

Read Our Latest Stock Report on PYPL

PayPal Stock Up 0.6%

NASDAQ:PYPL opened at $50.44 on Friday. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $79.50. The stock has a market capitalization of $45.38 billion, a P/E ratio of 9.32, a P/E/G ratio of 1.44 and a beta of 1.39. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.29 and a current ratio of 1.29. The company’s 50-day simple moving average is $46.63 and its 200-day simple moving average is $54.63.

PayPal (NASDAQ:PYPLGet Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). PayPal had a net margin of 15.77% and a return on equity of 25.42%. The firm had revenue of $8.68 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter in the prior year, the business posted $1.19 earnings per share. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 5.31 earnings per share for the current fiscal year.

PayPal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, March 4th. PayPal’s dividend payout ratio (DPR) is presently 10.35%.

More PayPal News

Here are the key news stories impacting PayPal this week:

Insider Activity at PayPal

In related news, CAO Chris Natali sold 2,208 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $44.73, for a total value of $98,763.84. Following the completion of the transaction, the chief accounting officer directly owned 1,140 shares of the company’s stock, valued at $50,992.20. This trade represents a 65.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Frank Keller sold 29,581 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $46.02, for a total transaction of $1,361,317.62. Following the completion of the transaction, the executive vice president directly owned 51,567 shares of the company’s stock, valued at $2,373,113.34. The trade was a 36.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 99,677 shares of company stock valued at $4,433,834 in the last three months. 0.63% of the stock is owned by insiders.

About PayPal

(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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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