O Shaughnessy Asset Management LLC Sells 187,408 Shares of PayPal Holdings, Inc. $PYPL

O Shaughnessy Asset Management LLC reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 20.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 723,303 shares of the credit services provider’s stock after selling 187,408 shares during the period. O Shaughnessy Asset Management LLC’s holdings in PayPal were worth $42,226,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PYPL. Kelleher Financial Advisors bought a new stake in PayPal in the 3rd quarter valued at $30,000. Torren Management LLC bought a new stake in PayPal in the 4th quarter valued at $31,000. Private Wealth Asset Management LLC increased its holdings in PayPal by 8,700.0% in the 4th quarter. Private Wealth Asset Management LLC now owns 528 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 522 shares during the last quarter. Hilton Head Capital Partners LLC bought a new stake in PayPal in the 4th quarter valued at $31,000. Finally, Strategic Advocates LLC bought a new stake in PayPal in the 3rd quarter valued at $38,000. 68.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. The Goldman Sachs Group dropped their price objective on shares of PayPal from $41.00 to $40.00 in a research note on Wednesday, May 6th. Sanford C. Bernstein reissued a “market perform” rating on shares of PayPal in a research note on Tuesday, February 24th. UBS Group lifted their price objective on shares of PayPal from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Raymond James Financial reissued a “market perform” rating on shares of PayPal in a research note on Monday, February 23rd. Finally, Bank of America dropped their price objective on shares of PayPal from $55.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Eight equities research 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 stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $55.85.

Check Out Our Latest Analysis on PYPL

PayPal Price Performance

PYPL stock opened at $41.29 on Monday. PayPal Holdings, Inc. has a 12 month low of $38.46 and a 12 month high of $79.50. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $46.20 and a 200 day moving average price of $50.51. The stock has a market cap of $36.42 billion, a PE ratio of 7.75, a P/E/G ratio of 1.03 and a beta of 1.34.

PayPal (NASDAQ:PYPLGet Free Report) last released 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 firm had revenue of $8.35 billion during the quarter, compared to analysts’ expectations of $8.05 billion. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.33 EPS. Equities research analysts anticipate that PayPal Holdings, Inc. will post 5.3 earnings per share for the current year.

PayPal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, June 4th. PayPal’s payout ratio is currently 10.51%.

Insider Buying and Selling at PayPal

In other PayPal news, insider Suzan Kereere sold 3,379 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $42.79, for a total value of $144,587.41. Following the completion of the sale, the insider directly owned 30,983 shares of the company’s stock, valued at $1,325,762.57. The trade was a 9.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 4,612 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $42.54, for a total transaction of $196,194.48. Following the completion of the sale, the insider directly owned 41,567 shares of the company’s stock, valued at approximately $1,768,260.18. This trade represents a 9.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 20,612 shares of company stock valued at $966,623 in the last three months. Company insiders own 0.63% of the company’s stock.

Key Headlines Impacting PayPal

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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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