Banco Bilbao Vizcaya Argentaria S.A. Sells 138,737 Shares of PayPal Holdings, Inc. $PYPL

Banco Bilbao Vizcaya Argentaria S.A. decreased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 23.7% during the fourth quarter, HoldingsChannel reports. The fund owned 447,851 shares of the credit services provider’s stock after selling 138,737 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in PayPal were worth $26,171,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in PayPal by 6.5% during the fourth quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock valued at $5,276,205,000 after acquiring an additional 5,534,462 shares during the last quarter. Rule One Partners LLC bought a new position in PayPal during the fourth quarter valued at $2,043,000. Kovitz Investment Group Partners LLC increased its position in PayPal by 21.1% during the third quarter. Kovitz Investment Group Partners LLC now owns 463,701 shares of the credit services provider’s stock valued at $31,096,000 after acquiring an additional 80,744 shares during the last quarter. Capital Research Global Investors increased its position in PayPal by 2.3% during the third 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 acquiring an additional 636,441 shares during the last quarter. Finally, Step Capital Management Pte. Ltd. bought a new position in PayPal during the fourth quarter valued at $6,130,000. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Down 3.6%

Shares of PYPL opened at $42.08 on Thursday. The firm has a market capitalization of $37.12 billion, a P/E ratio of 7.89, a P/E/G ratio of 1.09 and a beta of 1.34. PayPal Holdings, Inc. has a 12-month low of $38.46 and a 12-month high of $79.50. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average price of $45.69 and a 200-day moving average price of $49.46.

PayPal (NASDAQ:PYPLGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates 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 prior year, the firm earned $1.33 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities research analysts expect that PayPal Holdings, Inc. will post 5.3 earnings per share for the current year.

PayPal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders 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 yield of 1.3%. The ex-dividend date is Thursday, June 4th. PayPal’s dividend payout ratio is presently 10.51%.

Insiders Place Their Bets

In other PayPal news, insider Suzan Kereere sold 3,379 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $42.79, for a total transaction of $144,587.41. Following the transaction, the insider directly owned 30,983 shares in the company, valued at $1,325,762.57. This represents a 9.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $49.96, for a total transaction of $536,170.72. Following the transaction, the insider owned 41,567 shares in the company, valued at approximately $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. Insiders have sold a total of 20,612 shares of company stock worth $966,623 in the last three months. Corporate insiders own 0.63% of the company’s stock.

Key PayPal News

Here are the key news stories impacting PayPal this week:

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Canaccord Genuity Group reiterated a “hold” rating and set a $42.00 price objective on shares of PayPal in a research report on Wednesday, May 20th. Sanford C. Bernstein reissued a “market perform” rating on shares of PayPal in a research note on Tuesday, February 24th. Raymond James Financial reissued a “market perform” rating on shares of PayPal in a research note on Monday, February 23rd. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Tuesday, May 5th. Finally, UBS Group boosted their target price on shares of PayPal from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. 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 MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $55.85.

Read Our Latest Analysis on PYPL

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.

See Also

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:PYPLFree Report).

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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