North Star Asset Management Inc. lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 229,145 shares of the credit services provider’s stock after purchasing an additional 4,307 shares during the quarter. North Star Asset Management Inc.’s holdings in PayPal were worth $17,030,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of PYPL. FourThought Financial Partners LLC raised its stake in shares of PayPal by 22.4% in the 2nd quarter. FourThought Financial Partners LLC now owns 43,961 shares of the credit services provider’s stock valued at $3,267,000 after buying an additional 8,031 shares in the last quarter. Associated Banc Corp increased its stake in PayPal by 4.7% in the second quarter. Associated Banc Corp now owns 4,491 shares of the credit services provider’s stock valued at $334,000 after acquiring an additional 202 shares during the period. Laurel Wealth Advisors LLC raised its position in PayPal by 7,332.0% in the second quarter. Laurel Wealth Advisors LLC now owns 18,580 shares of the credit services provider’s stock worth $1,381,000 after purchasing an additional 18,330 shares in the last quarter. XTX Topco Ltd acquired a new position in PayPal in the second quarter worth about $4,136,000. Finally, Edmond DE Rothschild Holding S.A. boosted its holdings in PayPal by 222.4% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 653,733 shares of the credit services provider’s stock valued at $48,585,000 after purchasing an additional 450,952 shares in the last quarter. 68.32% of the stock is owned by institutional investors.
PayPal Stock Down 0.0%
Shares of NASDAQ PYPL opened at $60.56 on Tuesday. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The firm’s 50-day simple moving average is $67.61 and its 200 day simple moving average is $70.10. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.56. The company has a market cap of $56.66 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 0.82 and a beta of 1.45.
PayPal Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 19th. PayPal’s dividend payout ratio (DPR) is 11.22%.
Insider Transactions at PayPal
In other news, insider Suzan Kereere sold 4,162 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $59.84, for a total transaction of $249,054.08. Following the transaction, the insider owned 30,983 shares of the company’s stock, valued at $1,854,022.72. This represents a 11.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Aaron Webster sold 9,282 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $66.29, for a total value of $615,303.78. Following the sale, the executive vice president directly owned 35,699 shares of the company’s stock, valued at $2,366,486.71. This represents a 20.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 36,156 shares of company stock worth $2,432,524. Insiders own 0.08% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on PYPL shares. KGI Securities dropped their target price on PayPal from $85.00 to $80.00 in a report on Monday, November 10th. BMO Capital Markets reiterated a “market perform” rating on shares of PayPal in a research note on Tuesday, July 29th. Royal Bank Of Canada lifted their price objective on PayPal from $88.00 to $91.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Rothschild & Co Redburn increased their target price on shares of PayPal from $66.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 16th. Finally, Piper Sandler set a $74.00 price target on shares of PayPal in a report on Tuesday, July 29th. Fifteen analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $82.12.
Get Our Latest Report on PayPal
About PayPal
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.
Recommended Stories
- Five stocks we like better than PayPal
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- 5 Retail Stocks That Could Deck the Halls—or Wreck Portfolios
- What is the Dow Jones Industrial Average (DJIA)?
- D-Wave: Time to Buy the Dip? Or is the Fall Just Starting?
- What is a Bond Market Holiday? How to Invest and Trade
- Hims, Block, and NRG Just Launched Huge Stock Buybacks
Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report).
Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.
