PayPal Holdings, Inc. $PYPL Shares Newly Acquired by VCI Wealth Management LLC

VCI Wealth Management LLC bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 21,776 shares of the credit services provider’s stock, valued at approximately $1,144,000.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. bought a new position in PayPal during the second quarter valued at about $3,236,989,000. Bank of America Corp DE lifted its position in shares of PayPal by 67.9% in the 1st quarter. Bank of America Corp DE now owns 25,614,720 shares of the credit services provider’s stock worth $1,158,554,000 after acquiring an additional 10,356,256 shares during the period. Amundi lifted its position in shares of PayPal by 227.6% in the 1st quarter. Amundi now owns 13,804,208 shares of the credit services provider’s stock worth $624,364,000 after acquiring an additional 9,590,488 shares during the period. Primecap Management Co. CA bought a new stake in shares of PayPal in the 2nd quarter worth approximately $422,092,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of PayPal by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,179,771 shares of the credit services provider’s stock worth $415,192,000 after purchasing an additional 376,530 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Insider Buying and Selling

In related news, insider Suzan Kereere sold 3,379 shares of PayPal stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $55.72, for a total transaction of $188,277.88. Following the completion of the transaction, the insider directly owned 30,983 shares of the company’s stock, valued at $1,726,372.76. This trade represents a 9.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 552 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $54.80, for a total transaction of $30,249.60. Following the completion of the transaction, the chief accounting officer owned 2,400 shares in the company, valued at approximately $131,520. This trade represents a 18.70% 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 sold 13,437 shares of company stock worth $768,417 in the last quarter. 0.63% of the stock is owned by corporate insiders.

PayPal Stock Performance

PayPal stock opened at $58.78 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.26 and a quick ratio of 1.29. The stock has a fifty day moving average price of $55.31 and a two-hundred day moving average price of $50.05. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $70.35. The firm has a market capitalization of $48.83 billion, a P/E ratio of 11.22, a P/E/G ratio of 1.22 and a beta of 1.27.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 27th. The credit services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.14. PayPal had a return on equity of 24.39% and a net margin of 13.78%. The company had revenue of $8.58 billion during the quarter, compared to analysts’ expectations of $8.71 billion. During the same period last year, the business earned $1.34 earnings per share. The business’s revenue was up 2.0% on a year-over-year basis. As a group, analysts anticipate that PayPal Holdings, Inc. will post 5.58 EPS for the current fiscal year.

PayPal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Investors of record on Friday, December 4th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, December 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.0%. PayPal’s dividend payout ratio (DPR) is 10.69%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PYPL shares. Cantor Fitzgerald boosted their price objective on PayPal from $54.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Weiss Ratings cut PayPal from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, October 28th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $55.00 target price on shares of PayPal in a research report on Wednesday, October 28th. Robert W. Baird lifted their price target on shares of PayPal from $50.00 to $57.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Finally, Susquehanna boosted their price target on shares of PayPal from $63.00 to $67.00 and gave the company a “positive” rating in a report on Wednesday, July 29th. Eight investment analysts have rated the stock with a Buy rating, thirty-one have assigned a Hold rating and six have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $55.94.

About PayPal

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and businesses to send, receive, and manage money online and through mobile devices. Its services support online checkout, peer-to-peer payments, money transfers, payment processing, invoicing, and other commerce-related transactions.

The company’s portfolio includes the PayPal and Venmo brands, Braintree’s payment processing technology, and Xoom’s international money transfer service. PayPal also offers merchant tools, digital wallets, payment solutions, and consumer financing products through its platform and related services.

PayPal traces its origins to 1998 and became an independent publicly traded company after separating from eBay in 2015.