Evolve Private Wealth LLC purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 8,412 shares of the credit services provider’s stock, valued at approximately $363,000.
A number of other hedge funds have also modified their holdings of the business. Bard Associates Inc. acquired a new position in PayPal in the fourth quarter valued at about $25,000. Allied Private Wealth LLC acquired a new stake in shares of PayPal during the second quarter valued at about $25,000. Robinswood Financial LLC acquired a new stake in shares of PayPal during the first quarter valued at about $26,000. Caitong International Asset Management Co. Ltd increased 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 acquiring an additional 457 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of PayPal in the 2nd quarter valued at approximately $27,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other PayPal news, CAO Chris Natali sold 1,337 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $58.10, for a total transaction of $77,679.70. Following the transaction, the chief accounting officer owned 2,216 shares of the company’s stock, valued at $128,749.60. This represents a 37.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 4,162 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $60.96, for a total value of $253,715.52. Following the sale, the insider owned 30,983 shares in the company, valued at $1,888,723.68. This trade represents a 11.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 14,774 shares of company stock worth $738,249. 0.63% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on PayPal
PayPal Stock Performance
NASDAQ:PYPL opened at $62.27 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.55. The firm has a 50-day moving average price of $52.88 and a two-hundred day moving average price of $47.77. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.21. The company has a market capitalization of $53.27 billion, a P/E ratio of 11.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.
PayPal (NASDAQ:PYPL – Get Free Report) last announced its earnings results on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.10. The firm had revenue of $8.68 billion during the quarter, compared to the consensus estimate of $8.47 billion. PayPal had a net margin of 14.36% and a return on equity of 24.39%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.40 EPS. As a group, research analysts expect that PayPal Holdings, Inc. will post 5.38 earnings per share for the current fiscal year.
PayPal Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, September 4th. This represents a $0.56 dividend on an annualized basis and a yield of 0.9%. PayPal’s dividend payout ratio (DPR) is 10.59%.
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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