TIAA Trust National Association Sells 129,422 Shares of PayPal Holdings, Inc. $PYPL

TIAA Trust National Association reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 86.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,988 shares of the credit services provider’s stock after selling 129,422 shares during the period. TIAA Trust National Association’s holdings in PayPal were worth $1,340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PYPL. Wedmont Private Capital lifted its stake in PayPal by 1.6% in the 3rd quarter. Wedmont Private Capital now owns 9,157 shares of the credit services provider’s stock valued at $614,000 after purchasing an additional 142 shares during the last quarter. Dakota Community Bank & Trust NA grew its stake in shares of PayPal by 8.7% during the second quarter. Dakota Community Bank & Trust NA now owns 1,840 shares of the credit services provider’s stock worth $137,000 after buying an additional 147 shares during the last quarter. Transatlantique Private Wealth LLC increased its holdings in shares of PayPal by 2.9% during the third quarter. Transatlantique Private Wealth LLC now owns 5,698 shares of the credit services provider’s stock worth $382,000 after buying an additional 159 shares in the last quarter. WCG Wealth Advisors LLC lifted its stake in shares of PayPal by 1.1% in the 2nd quarter. WCG Wealth Advisors LLC now owns 14,285 shares of the credit services provider’s stock valued at $1,062,000 after acquiring an additional 162 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its holdings in shares of PayPal by 16.5% during the 3rd quarter. Sound Income Strategies LLC now owns 1,185 shares of the credit services provider’s stock valued at $79,000 after acquiring an additional 168 shares in the last quarter. 68.32% of the stock is owned by institutional investors.

PayPal Stock Up 1.5%

PayPal stock opened at $46.21 on Monday. The firm has a market cap of $42.54 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 1.21 and a beta of 1.43. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.50. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a 50 day moving average price of $51.58 and a two-hundred day moving average price of $61.31.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, February 3rd. The credit services provider reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). PayPal had a net margin of 15.77% and a return on equity of 25.42%. The firm had revenue of $8.68 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same period in the prior year, the company posted $1.19 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

PayPal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be given a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. PayPal’s dividend payout ratio (DPR) is 10.35%.

Insider Buying and Selling at PayPal

In other PayPal news, insider Suzan Kereere sold 37,613 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $41.49, for a total value of $1,560,563.37. Following the transaction, the insider directly owned 30,983 shares of the company’s stock, valued at approximately $1,285,484.67. The trade was a 54.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Frank Keller sold 3,478 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $40.20, for a total transaction of $139,815.60. Following the transaction, the executive vice president directly owned 51,567 shares in the company, valued at approximately $2,072,993.40. This represents a 6.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 42,304 shares of company stock valued at $1,749,493. 0.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PYPL shares. Wall Street Zen cut PayPal from a “buy” rating to a “hold” rating in a report on Sunday, January 18th. Rothschild & Co Redburn reduced their price target on PayPal from $50.00 to $32.00 and set a “sell” rating on the stock in a report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft lowered their price objective on PayPal from $75.00 to $65.00 and set a “hold” rating for the company in a research note on Friday, December 5th. Jefferies Financial Group reissued a “hold” rating on shares of PayPal in a report on Wednesday, January 7th. Finally, Bank of America restated a “neutral” rating and issued a $68.00 price target (down from $93.00) on shares of PayPal in a research report on Thursday, December 11th. Eight research analysts have rated the stock with a Buy rating, thirty have given a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, PayPal presently has an average rating of “Hold” and a consensus target price of $60.21.

PayPal 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.