Savant Capital LLC Sells 21,028 Shares of PayPal Holdings, Inc. $PYPL

Savant Capital LLC decreased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 59.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,574 shares of the credit services provider’s stock after selling 21,028 shares during the period. Savant Capital LLC’s holdings in PayPal were worth $851,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Foundations Investment Advisors LLC boosted its stake in shares of PayPal by 7.5% in the fourth quarter. Foundations Investment Advisors LLC now owns 7,176 shares of the credit services provider’s stock worth $419,000 after acquiring an additional 498 shares during the period. Kingsview Wealth Management LLC boosted its stake in shares of PayPal by 33.5% in the fourth quarter. Kingsview Wealth Management LLC now owns 22,532 shares of the credit services provider’s stock worth $1,315,000 after acquiring an additional 5,649 shares during the period. GHE LLC boosted its stake in shares of PayPal by 5.7% in the fourth quarter. GHE LLC now owns 28,040 shares of the credit services provider’s stock worth $1,637,000 after acquiring an additional 1,500 shares during the period. Poinciana Advisors Group LLC bought a new position in shares of PayPal in the fourth quarter worth about $257,000. Finally, Arvest Bank Trust Division bought a new position in shares of PayPal in the fourth quarter worth about $1,129,000. Institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

NASDAQ:PYPL opened at $44.53 on Wednesday. The firm has a market capitalization of $39.28 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 1.13 and a beta of 1.34. PayPal Holdings, Inc. has a 1 year low of $38.46 and a 1 year high of $79.50. The business has a 50 day simple moving average of $46.34 and a 200-day simple moving average of $51.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 1.26.

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

PayPal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be paid 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 (DPR) is presently 10.51%.

Trending Headlines about PayPal

Here are the key news stories impacting PayPal this week:

Insider Activity at PayPal

In other news, CAO Chris Natali sold 1,337 shares of the firm’s stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 that occurred on Wednesday, April 29th. The shares were sold at an average price of $49.96, for a total value of $536,170.72. Following the completion of the sale, the insider directly owned 41,567 shares of the company’s stock, valued at $2,076,687.32. The trade was 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. 0.63% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of PayPal in a research note on Tuesday, February 24th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $59.00 target price on shares of PayPal in a research report on Wednesday, May 6th. Mizuho reiterated a “neutral” rating and issued a $50.00 target price (down from $60.00) on shares of PayPal in a research report on Thursday, April 16th. KGI Securities reiterated a “hold” rating and issued a $55.00 target price on shares of PayPal in a research report on Monday, March 2nd. Finally, Rothschild & Co Redburn decreased their target price on PayPal from $50.00 to $32.00 and set a “sell” rating on the stock in a research report on Wednesday, February 11th. Eight investment analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, PayPal presently has an average rating of “Hold” and an average target price of $55.85.

View Our Latest Stock Report on PYPL

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.

Further Reading

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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