Virtu Financial LLC Acquires 13,299 Shares of PayPal Holdings, Inc. $PYPL

Virtu Financial LLC grew its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 22.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 71,786 shares of the credit services provider’s stock after buying an additional 13,299 shares during the period. Virtu Financial LLC’s holdings in PayPal were worth $4,191,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bard Associates Inc. bought a new stake in PayPal in the fourth quarter valued at $25,000. Caitong International Asset Management Co. Ltd increased its position in PayPal by 15,233.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 457 shares during the period. Safe Harbor Fiduciary LLC purchased a new position in PayPal during the 4th quarter valued at $28,000. Kelleher Financial Advisors bought a new position in PayPal in the 3rd quarter worth $30,000. Finally, Advocate Investing Services LLC bought a new position in PayPal in the 4th quarter worth $30,000. Institutional investors own 68.32% of the company’s stock.

More PayPal News

Here are the key news stories impacting PayPal this week:

PayPal Stock Up 1.0%

Shares of PayPal stock opened at $42.51 on Friday. The company has a 50-day simple moving average of $45.65 and a two-hundred day simple moving average of $49.31. The stock has a market capitalization of $37.50 billion, a PE ratio of 7.98, a price-to-earnings-growth ratio of 1.05 and a beta of 1.34. 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 0.47, 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, beating analysts’ consensus estimates of $1.27 by $0.07. The firm had revenue of $8.35 billion for 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 business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.33 earnings per share. On average, analysts anticipate that PayPal Holdings, Inc. will post 5.3 EPS for the current fiscal year.

PayPal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, June 4th. PayPal’s dividend payout ratio (DPR) is currently 10.51%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PYPL shares. Zacks Research raised shares of PayPal from a “strong sell” rating to a “hold” rating in a research report on Friday, April 17th. The Goldman Sachs Group reduced their price target on shares of PayPal from $41.00 to $40.00 in a research report on Wednesday, May 6th. Loop Capital started coverage on shares of PayPal in a research note on Tuesday, March 31st. They issued a “hold” rating and a $46.00 price target for the company. KGI Securities restated a “hold” rating and issued a $55.00 price objective on shares of PayPal in a report on Monday, March 2nd. Finally, Citigroup lifted their price objective on PayPal from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, April 8th. Eight equities research analysts have rated the stock with a Buy rating, thirty-two have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, PayPal has a consensus rating of “Hold” and a consensus price target of $55.85.

Get Our Latest Analysis on PayPal

Insiders Place Their Bets

In other PayPal news, CAO Chris Natali sold 1,337 shares of PayPal stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $49.46, for a total value of $66,128.02. Following the completion of the sale, the chief accounting officer owned 1,586 shares of the company’s stock, valued at approximately $78,443.56. This trade represents a 45.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 on Wednesday, June 3rd. The stock was sold at an average price of $42.54, for a total value of $196,194.48. Following the completion of the transaction, the insider owned 41,567 shares of the company’s stock, valued at $1,768,260.18. This represents a 9.99% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 20,612 shares of company stock valued at $966,623. Corporate insiders own 0.63% of the company’s stock.

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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