Fifth Third Bancorp Reduces Stock Position in PayPal Holdings, Inc. $PYPL

Fifth Third Bancorp lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 53.8% during the 4th quarter, HoldingsChannel reports. The fund owned 70,708 shares of the credit services provider’s stock after selling 82,367 shares during the period. Fifth Third Bancorp’s holdings in PayPal were worth $4,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Kelleher Financial Advisors purchased a new stake in shares of PayPal in the third quarter worth $30,000. Cloud Capital Management LLC purchased a new stake in shares of PayPal in the third quarter worth $30,000. True Wealth Design LLC raised its position in shares of PayPal by 285.3% in the third quarter. True Wealth Design LLC now owns 524 shares of the credit services provider’s stock worth $35,000 after buying an additional 388 shares in the last quarter. Torren Management LLC purchased a new stake in shares of PayPal in the fourth quarter worth $31,000. Finally, Dagco Inc. raised its position in shares of PayPal by 1,250.0% in the third quarter. Dagco Inc. now owns 540 shares of the credit services provider’s stock worth $36,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 0.6%

Shares of NASDAQ:PYPL opened at $50.44 on Friday. The stock’s 50-day moving average price is $46.63 and its 200-day moving average price is $54.53. PayPal Holdings, Inc. has a 12-month low of $38.46 and a 12-month high of $79.50. The stock has a market capitalization of $45.38 billion, a P/E ratio of 9.32, a price-to-earnings-growth ratio of 1.45 and a beta of 1.39. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPLGet Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share (EPS) 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 company had revenue of $8.68 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same period last year, the business posted $1.19 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 5.31 earnings per share for the current year.

PayPal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis 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 10.35%.

Trending Headlines about PayPal

Here are the key news stories impacting PayPal this week:

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PYPL shares. Stephens lowered their price objective on PayPal from $65.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 4th. Raymond James Financial reiterated a “market perform” rating on shares of PayPal in a research report on Monday, February 23rd. Wolfe Research reiterated a “sell” rating on shares of PayPal in a research report on Monday, February 23rd. Zacks Research upgraded PayPal from a “strong sell” rating to a “hold” rating in a research report on Friday, April 17th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $54.00 price objective on shares of PayPal in a research report on Tuesday, April 21st. Seven equities research analysts have rated the stock with a Buy rating, thirty-three have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $56.55.

Get Our Latest Report on PYPL

Insider Activity

In other news, CAO Chris Natali sold 2,208 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $44.73, for a total transaction of $98,763.84. Following the transaction, the chief accounting officer directly owned 1,140 shares of the company’s stock, valued at approximately $50,992.20. This trade represents a 65.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Suzan Kereere sold 37,613 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $41.49, for a total value of $1,560,563.37. Following the transaction, the insider directly owned 30,983 shares in the company, valued at $1,285,484.67. This trade represents a 54.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 99,677 shares of company stock valued at $4,433,834. 0.63% of the stock is currently owned by insiders.

PayPal Company Profile

(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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