PayPal Holdings, Inc. $PYPL Shares Sold by Invenomic Capital Management LP

Invenomic Capital Management LP lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 44.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 198,761 shares of the credit services provider’s stock after selling 158,854 shares during the period. Invenomic Capital Management LP’s holdings in PayPal were worth $13,329,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PYPL. Wedmont Private Capital grew its stake in shares of PayPal by 1.6% in the third quarter. Wedmont Private Capital now owns 9,157 shares of the credit services provider’s stock valued at $614,000 after buying an additional 142 shares in the last quarter. Dakota Community Bank & Trust NA lifted its stake in PayPal by 8.7% during the 2nd quarter. Dakota Community Bank & Trust NA now owns 1,840 shares of the credit services provider’s stock worth $137,000 after acquiring an additional 147 shares in the last quarter. Maia Wealth LLC boosted its holdings in PayPal by 2.5% during the 3rd quarter. Maia Wealth LLC now owns 6,404 shares of the credit services provider’s stock valued at $424,000 after acquiring an additional 155 shares during the period. Transatlantique Private Wealth LLC boosted its holdings in PayPal by 2.9% during the 3rd quarter. Transatlantique Private Wealth LLC now owns 5,698 shares of the credit services provider’s stock valued at $382,000 after acquiring an additional 159 shares during the period. Finally, WCG Wealth Advisors LLC grew its position in 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 in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. UBS Group reissued a “neutral” rating and set a $44.00 price target on shares of PayPal in a research report on Wednesday, February 4th. Stephens reduced their target price on shares of PayPal from $65.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 4th. Sanford C. Bernstein reissued a “market perform” rating on shares of PayPal in a research report on Tuesday, February 24th. Daiwa Securities Group cut their price objective on PayPal from $61.00 to $42.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 10th. Finally, TD Cowen reiterated a “hold” rating on shares of PayPal in a research note on Tuesday, February 3rd. Eight research analysts have rated the stock with a Buy rating, thirty-one have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, PayPal has an average rating of “Hold” and an average price target of $59.03.

PayPal Stock Up 1.2%

Shares of PayPal stock opened at $44.90 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.50. The company has a market capitalization of $41.34 billion, a P/E ratio of 8.30, a P/E/G ratio of 1.34 and a beta of 1.43. The company has a 50 day moving average of $48.91 and a 200 day moving average of $59.68.

PayPal (NASDAQ:PYPL) last announced 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). The firm had revenue of $8.68 billion during the quarter, compared to analysts’ expectations of $8.82 billion. PayPal had a net margin of 15.77% and a return on equity of 25.42%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.19 earnings per share. As a group, research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

PayPal Announces Dividend

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

Insider Buying and Selling at PayPal

In other news, insider Suzan Kereere sold 13,515 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total transaction of $621,960.30. Following the sale, the insider owned 30,983 shares of the company’s stock, valued at approximately $1,425,837.66. This trade represents a 30.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Frank Keller sold 29,581 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total value of $1,361,317.62. Following the sale, the executive vice president owned 51,567 shares of the company’s stock, valued at approximately $2,373,113.34. The trade was a 36.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 87,608 shares of company stock worth $3,831,535 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.

About PayPal

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.