PayPal Holdings, Inc. $PYPL Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 344,437 shares of the credit services provider’s stock after selling 19,881 shares during the period. PNC Financial Services Group Inc.’s holdings in PayPal were worth $20,108,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PYPL. Cloud Capital Management LLC acquired a new stake in PayPal in the 3rd quarter valued at $30,000. Kelleher Financial Advisors acquired a new stake in PayPal in the 3rd quarter valued at $30,000. Torren Management LLC acquired a new stake in PayPal in the 4th quarter valued at $31,000. Strategic Advocates LLC acquired a new stake in PayPal in the 3rd quarter valued at $38,000. Finally, Steph & Co. increased its holdings in PayPal by 103.1% in the 4th quarter. Steph & Co. now owns 656 shares of the credit services provider’s stock valued at $38,000 after purchasing an additional 333 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Down 0.2%

NASDAQ:PYPL opened at $44.23 on Friday. The company has a market capitalization of $39.02 billion, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of 1.11 and a beta of 1.39. PayPal Holdings, Inc. has a one year low of $38.46 and a one year high of $79.50. The stock has a 50-day simple moving average of $46.40 and a 200 day simple moving average of $52.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 1.26.

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

PayPal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, June 4th. PayPal’s dividend payout ratio (DPR) is 10.51%.

Key Stories Impacting PayPal

Here are the key news stories impacting PayPal this week:

Insiders Place Their Bets

In other PayPal news, CAO Chris Natali sold 2,208 shares of PayPal stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $44.73, for a total value of $98,763.84. Following the completion of the transaction, the chief accounting officer directly owned 1,140 shares in the company, valued at $50,992.20. The trade was a 65.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Suzan Kereere sold 13,515 shares of PayPal stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $46.02, for a total value of $621,960.30. Following the completion of the transaction, the insider owned 30,983 shares of the company’s stock, valued at approximately $1,425,837.66. The trade was a 30.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 57,373 shares of company stock valued at $2,684,341 over the last quarter. Insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Susquehanna lowered their target price on PayPal from $90.00 to $63.00 and set a “positive” rating for the company in a research note on Wednesday, February 4th. Sanford C. Bernstein restated a “market perform” rating on shares of PayPal in a research note on Tuesday, February 24th. Evercore lowered their target price on PayPal from $65.00 to $40.00 and set an “in-line” rating for the company in a research note on Tuesday, February 3rd. The Goldman Sachs Group lowered their target price on PayPal from $41.00 to $40.00 in a research note on Wednesday, May 6th. Finally, Zacks Research upgraded PayPal from a “strong sell” rating to a “hold” rating in a research note on Friday, April 17th. Eight investment analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $55.85.

Check Out Our Latest Stock Analysis on PayPal

PayPal Company 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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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