Strs Ohio cut its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 4.5% in the first quarter, Holdings Channel reports. The institutional investor owned 263,925 shares of the credit services provider’s stock after selling 12,374 shares during the quarter. Strs Ohio’s holdings in PayPal were worth $11,937,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Bard Associates Inc. bought a new stake in PayPal in the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd raised its position in shares of PayPal by 15,233.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock valued at $27,000 after buying an additional 457 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new position in shares of PayPal during the fourth quarter valued at about $28,000. Kelleher Financial Advisors bought a new stake in shares of PayPal in the third quarter valued at about $30,000. Finally, Advocate Investing Services LLC acquired a new stake in PayPal during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 68.32% of the company’s stock.
Key PayPal News
Here are the key news stories impacting PayPal this week:
- Positive Sentiment: PayPal joined the European Payments Council, a move that could strengthen its role in shaping European payment rules and support long-term growth in the region. PayPal Stock (PYPL) Pops 3% on Joining EU Payments Council
- Positive Sentiment: Additional coverage highlighted PayPal’s EPC membership as a strategic step toward influencing the future of European payments and instant-transfer infrastructure. PayPal Secures EPC Seat to Help Guide Future of European Payments
- Neutral Sentiment: Unusual options activity included cheap out-of-the-money July 10 calls in PYPL, suggesting speculative trading interest rather than a clear fundamental catalyst. Five July 4th Fireworks: Unusual Options Activity Flags Cheap Lottery-Ticket Calls in CHWY, AVGO, PYPL, STLA and WMT
- Neutral Sentiment: A shareholder litigation firm said it is investigating PayPal’s officers and directors for possible fiduciary-duty issues, but this is only an early-stage legal probe and not a formal case. Kuehn Law Encourages Investors of PayPal Holdings, Inc. to Contact Law Firm
Wall Street Analyst Weigh In
Read Our Latest Analysis on PayPal
PayPal Stock Performance
Shares of NASDAQ:PYPL opened at $45.47 on Monday. The business’s fifty day moving average price is $44.49 and its two-hundred day moving average price is $47.91. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $79.50. The stock has a market capitalization of $40.11 billion, a price-to-earnings ratio of 8.53, a price-to-earnings-growth ratio of 1.13 and a beta of 1.33. 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:PYPL – Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $8.35 billion during the quarter, compared to the consensus estimate of $8.05 billion. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm posted $1.33 EPS. As a group, analysts predict that PayPal Holdings, Inc. will post 5.32 EPS for the current fiscal year.
PayPal Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, June 4th. PayPal’s payout ratio is presently 10.51%.
Insider Transactions at PayPal
In related news, insider Suzan Kereere sold 3,379 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $42.79, for a total transaction of $144,587.41. Following the sale, 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 transaction 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 firm’s stock in a transaction 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 sale, the insider directly owned 41,567 shares of the company’s stock, valued at $2,076,687.32. This 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. Insiders have sold 20,612 shares of company stock valued at $966,623 in the last three months. 0.63% of the stock is owned by corporate insiders.
PayPal Company 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.
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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).
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