Platform Wealth Management LLC Purchases New Position in PayPal Holdings, Inc. $PYPL

Platform Wealth Management LLC purchased a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) in the 4th quarter, Holdings Channel reports. The fund purchased 24,948 shares of the credit services provider’s stock, valued at approximately $1,456,000.

Several other institutional investors have also recently added to or reduced their stakes in PYPL. Kelleher Financial Advisors bought a new position in PayPal during the 3rd quarter valued at about $30,000. Torren Management LLC bought a new position in shares of PayPal in the fourth quarter worth about $31,000. Private Wealth Asset Management LLC raised its stake in shares of PayPal by 8,700.0% in the fourth quarter. Private Wealth Asset Management LLC now owns 528 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 522 shares during the last quarter. Strategic Advocates LLC bought a new position in shares of PayPal in the third quarter worth about $38,000. Finally, Steph & Co. raised its stake in shares of PayPal by 103.1% in the fourth quarter. Steph & Co. now owns 656 shares of the credit services provider’s stock worth $38,000 after acquiring an additional 333 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PYPL. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of PayPal in a research note on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of PayPal from $50.00 to $45.00 in a research note on Monday, May 11th. Raymond James Financial reaffirmed a “market perform” rating on shares of PayPal in a research note on Monday, February 23rd. Argus dropped their target price on shares of PayPal from $87.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Finally, Morgan Stanley dropped their target price on shares of PayPal from $50.00 to $34.00 and set an “underweight” rating for the company in a research note on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, PayPal has a consensus rating of “Hold” and a consensus target price of $55.85.

View Our Latest Stock Report on PYPL

Insider Buying and Selling

In related news, CAO Chris Natali sold 1,337 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $49.46, for a total transaction of $66,128.02. Following the completion of the transaction, the chief accounting officer owned 1,586 shares in the company, valued at approximately $78,443.56. The trade was a 45.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 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 completion of the sale, the insider owned 41,567 shares in the company, valued at approximately $2,076,687.32. This trade 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. 0.63% of the stock is currently owned by insiders.

PayPal Stock Down 4.3%

Shares of NASDAQ:PYPL opened at $42.61 on Thursday. PayPal Holdings, Inc. has a one year low of $38.46 and a one year high of $79.50. The company has a 50 day moving average of $46.30 and a 200-day moving average of $50.80. 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 stock has a market cap of $37.59 billion, a price-to-earnings ratio of 7.99, a P/E/G ratio of 1.11 and a beta of 1.34.

PayPal (NASDAQ:PYPLGet Free Report) last issued 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 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 analysts’ expectations of $8.05 billion. During the same quarter in the previous year, the company earned $1.33 EPS. PayPal’s revenue was up 7.2% on a year-over-year basis. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.3 earnings per share for the current year.

PayPal Announces Dividend

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

PayPal News Roundup

Here are the key news stories impacting PayPal this week:

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.

Further Reading

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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