Parallel Advisors LLC Sells 25,204 Shares of PayPal Holdings, Inc. $PYPL

Parallel Advisors LLC decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 49.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,823 shares of the credit services provider’s stock after selling 25,204 shares during the quarter. Parallel Advisors LLC’s holdings in PayPal were worth $1,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of PYPL. Kelleher Financial Advisors bought a new stake in PayPal during the 3rd quarter valued at $30,000. Torren Management LLC bought a new stake in PayPal during the 4th quarter valued at $31,000. Private Wealth Asset Management LLC raised its holdings in PayPal by 8,700.0% during the 4th quarter. Private Wealth Asset Management LLC now owns 528 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 522 shares during the period. Strategic Advocates LLC purchased a new position in shares of PayPal during the 3rd quarter valued at $38,000. Finally, Steph & Co. grew its position in shares of PayPal by 103.1% during the 4th quarter. Steph & Co. now owns 656 shares of the credit services provider’s stock valued at $38,000 after purchasing an additional 333 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Key Headlines Impacting PayPal

Here are the key news stories impacting PayPal this week:

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $41.29 on Monday. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.50. The firm has a fifty day moving average of $46.20 and a 200 day moving average of $50.51. The firm has a market capitalization of $36.42 billion, a PE ratio of 7.75, a price-to-earnings-growth ratio of 1.03 and a beta of 1.34. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 1.26.

PayPal (NASDAQ:PYPLGet Free Report) last announced its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (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 company had revenue of $8.35 billion during the quarter, compared to analyst estimates of $8.05 billion. During the same period in the previous year, the business earned $1.33 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 5.3 EPS for the current fiscal year.

PayPal Announces Dividend

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

Insider Buying and Selling

In related news, CAO Chris Natali sold 1,337 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer directly owned 1,586 shares in the company, valued at approximately $78,443.56. The trade was a 45.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 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 completion of the transaction, the insider owned 41,567 shares of the company’s stock, valued at $2,076,687.32. This trade represents a 20.52% decrease in their ownership of the stock. 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 ninety days, insiders sold 20,612 shares of company stock worth $966,623. Corporate insiders own 0.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PYPL. Citigroup boosted their price target on shares of PayPal from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, April 8th. Truist Financial reduced their price target on shares of PayPal from $45.00 to $44.00 and set a “sell” rating for the company in a research report on Tuesday, May 12th. Weiss Ratings restated a “hold (c-)” rating on shares of PayPal in a research report on Friday, May 8th. Canaccord Genuity Group restated a “hold” rating and set a $42.00 price target on shares of PayPal in a research report on Wednesday, May 20th. Finally, UBS Group boosted their price target on shares of PayPal from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Eight analysts have rated the stock with a Buy rating, thirty-two have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $55.85.

Get Our Latest Research Report on PayPal

PayPal 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 Stories

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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