PayPal Holdings, Inc. $PYPL Shares Sold by Troy Asset Management Ltd

Troy Asset Management Ltd trimmed its holdings in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 230,268 shares of the credit services provider’s stock after selling 12,391 shares during the quarter. PayPal accounts for about 0.3% of Troy Asset Management Ltd’s portfolio, making the stock its 29th biggest holding. Troy Asset Management Ltd’s holdings in PayPal were worth $13,443,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PYPL. Vanguard Group Inc. increased its holdings in shares of PayPal by 6.5% in the 4th quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock valued at $5,276,205,000 after purchasing an additional 5,534,462 shares during the period. Capital Research Global Investors increased its holdings in shares of PayPal by 2.3% in the 3rd quarter. Capital Research Global Investors now owns 27,953,803 shares of the credit services provider’s stock valued at $1,874,637,000 after purchasing an additional 636,441 shares during the period. Invesco Ltd. increased its holdings in shares of PayPal by 10.9% in the 3rd quarter. Invesco Ltd. now owns 11,131,949 shares of the credit services provider’s stock valued at $746,508,000 after purchasing an additional 1,093,365 shares during the period. Amundi increased its holdings in shares of PayPal by 1.6% in the 3rd quarter. Amundi now owns 8,493,311 shares of the credit services provider’s stock valued at $605,488,000 after purchasing an additional 132,837 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of PayPal by 35.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,177,536 shares of the credit services provider’s stock valued at $548,520,000 after purchasing an additional 2,160,227 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of research reports. Evercore dropped their price objective on PayPal from $65.00 to $40.00 and set an “in-line” rating on the stock in a report on Tuesday, February 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of PayPal in a report on Friday, May 8th. Truist Financial dropped their price objective on PayPal from $45.00 to $44.00 and set a “sell” rating on the stock in a report on Tuesday, May 12th. UBS Group increased their price objective on PayPal from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Stephens dropped their price objective on PayPal from $65.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 4th. Eight analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $55.85.

Check Out Our Latest Research Report on PayPal

Insider Activity

In related news, CAO Chris Natali sold 1,337 shares of the firm’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $49.46, for a total value of $66,128.02. Following the completion of the transaction, the chief accounting officer directly owned 1,586 shares of the company’s stock, valued at $78,443.56. This trade represents a 45.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 firm’s stock in a transaction 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 transaction, the insider directly owned 41,567 shares of the company’s stock, valued at approximately $2,076,687.32. This trade represents a 20.52% 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.

Key Stories Impacting PayPal

Here are the key news stories impacting PayPal this week:

PayPal Stock Performance

Shares of PYPL stock opened at $44.23 on Monday. 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 $46.40 and its two-hundred day moving average is $52.06. The company has a market cap of $39.02 billion, a PE ratio of 8.30, a price-to-earnings-growth ratio of 1.11 and a beta of 1.39.

PayPal (NASDAQ:PYPLGet Free Report) 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%.

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.

Featured Articles

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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