PayPal Holdings, Inc. $PYPL Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 36.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,674,730 shares of the credit services provider’s stock after purchasing an additional 442,969 shares during the period. ProShare Advisors LLC’s holdings in PayPal were worth $97,771,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Kelleher Financial Advisors acquired a new stake in PayPal in the 3rd quarter worth approximately $30,000. Cloud Capital Management LLC acquired a new stake in PayPal in the 3rd quarter worth approximately $30,000. Torren Management LLC acquired a new stake in PayPal in the 4th quarter worth approximately $31,000. Strategic Advocates LLC acquired a new stake in PayPal in the 3rd quarter worth approximately $38,000. Finally, Steph & Co. raised its position in PayPal by 103.1% during the 4th quarter. Steph & Co. now owns 656 shares of the credit services provider’s stock worth $38,000 after buying an additional 333 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PYPL shares. TD Cowen reissued a “hold” rating on shares of PayPal in a research report on Tuesday, February 3rd. BTIG Research reissued a “neutral” rating on shares of PayPal in a research report on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of PayPal in a research report on Friday, May 8th. Canaccord Genuity Group reissued a “hold” rating and set a $42.00 price target (down from $100.00) on shares of PayPal in a research report on Wednesday, February 4th. Finally, Evercore reduced their price target on shares of PayPal from $65.00 to $40.00 and set an “in-line” rating for the company in a research report on Tuesday, February 3rd. Eight investment analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $55.85.

PayPal Price Performance

NASDAQ:PYPL opened at $43.83 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $38.66 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 1.11 and a beta of 1.39. The company has a 50 day moving average price of $46.48 and a 200-day moving average price of $52.57. PayPal Holdings, Inc. has a 1-year low of $38.46 and a 1-year high of $79.50.

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

PayPal Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be issued a dividend of $0.14 per share. 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 payout ratio is 10.51%.

Insider Activity

In other news, insider Suzan Kereere sold 13,515 shares of PayPal 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 $621,960.30. Following the completion of the transaction, the insider directly owned 30,983 shares of the company’s stock, valued at $1,425,837.66. The trade was a 30.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Chris Natali sold 2,208 shares of PayPal stock in a transaction that occurred on Tuesday, March 3rd. The shares were 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 57,373 shares of company stock valued at $2,684,341 in the last three months. 0.63% of the stock is currently owned by corporate insiders.

PayPal 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.