PayPal Holdings, Inc. $PYPL Shares Sold by Brooks Moore & Associates Inc.

Brooks Moore & Associates Inc. cut its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 52.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,735 shares of the credit services provider’s stock after selling 14,005 shares during the period. Brooks Moore & Associates Inc.’s holdings in PayPal were worth $743,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PYPL. Vanguard Group Inc. lifted its stake 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 worth $5,276,205,000 after purchasing an additional 5,534,462 shares during the last quarter. Rule One Partners LLC purchased a new stake in PayPal during the fourth quarter worth approximately $2,043,000. Kovitz Investment Group Partners LLC lifted its stake 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 worth $31,096,000 after purchasing an additional 80,744 shares during the last quarter. Capital Research Global Investors lifted its stake 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 worth $1,874,637,000 after purchasing an additional 636,441 shares during the last quarter. Finally, Step Capital Management Pte. Ltd. purchased a new stake in PayPal during the fourth quarter worth approximately $6,130,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Price Performance

PayPal stock opened at $42.08 on Thursday. PayPal Holdings, Inc. has a 12 month low of $38.46 and a 12 month high of $79.50. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 1.26. The business has a 50 day simple moving average of $45.69 and a 200-day simple moving average of $49.46. The stock has a market capitalization of $37.12 billion, a PE ratio of 7.89, a price-to-earnings-growth ratio of 1.09 and a beta of 1.34.

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

PayPal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 4th. PayPal’s dividend payout ratio is currently 10.51%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PYPL. Citigroup boosted their target price on PayPal from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 8th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Tuesday, May 5th. KGI Securities restated a “hold” rating and set a $55.00 target price on shares of PayPal in a research note on Monday, March 2nd. Wolfe Research reiterated a “sell” rating on shares of PayPal in a research note on Monday, February 23rd. Finally, Daiwa Securities Group upgraded PayPal from a “hold” rating to an “outperform” rating in a research note on Wednesday, May 6th. Eight equities research analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, PayPal has an average rating of “Hold” and a consensus target price of $55.85.

View Our Latest Analysis on PYPL

Insider Buying and Selling

In related news, insider Frank Keller sold 10,732 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $2,076,687.32. This represents a 20.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer directly owned 1,586 shares in the company, valued at $78,443.56. This represents a 45.74% decrease in their position. 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 over the last quarter. Company insiders own 0.63% of the company’s stock.

Key Headlines Impacting PayPal

Here are the key news stories impacting PayPal this week:

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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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