Heritage Investors Management Corp Reduces Holdings in PayPal Holdings, Inc. $PYPL

Heritage Investors Management Corp trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 13.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,867 shares of the credit services provider’s stock after selling 18,413 shares during the quarter. Heritage Investors Management Corp’s holdings in PayPal were worth $7,056,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Maia Wealth LLC boosted its stake in PayPal by 2.5% during the third quarter. Maia Wealth LLC now owns 6,404 shares of the credit services provider’s stock worth $424,000 after buying an additional 155 shares during the period. Transatlantique Private Wealth LLC lifted its position 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 purchasing an additional 159 shares during the last quarter. Martin & Co. Inc. TN lifted its position in shares of PayPal by 0.3% during the third quarter. Martin & Co. Inc. TN now owns 56,934 shares of the credit services provider’s stock worth $3,818,000 after purchasing an additional 175 shares during the last quarter. RWA Wealth Partners LLC lifted its position in shares of PayPal by 0.7% during the third quarter. RWA Wealth Partners LLC now owns 25,043 shares of the credit services provider’s stock worth $1,679,000 after purchasing an additional 184 shares during the last quarter. Finally, Waldron Private Wealth LLC lifted its position in shares of PayPal by 6.5% during the third quarter. Waldron Private Wealth LLC now owns 3,040 shares of the credit services provider’s stock worth $204,000 after purchasing an additional 186 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other PayPal news, CAO Chris Natali sold 2,208 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were 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 approximately $50,992.20. The trade was a 65.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Suzan Kereere sold 13,515 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total value of $621,960.30. Following the sale, the insider owned 30,983 shares in the company, valued at $1,425,837.66. The trade was a 30.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 57,373 shares of company stock worth $2,684,341. 0.63% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PYPL shares. Susquehanna decreased their target price on PayPal from $90.00 to $63.00 and set a “positive” rating for the company in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of PayPal in a research report on Friday, May 8th. Wells Fargo & Company decreased their target price on PayPal from $67.00 to $48.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 4th. Daiwa Securities Group upgraded PayPal from a “hold” rating to an “outperform” rating in a research report on Wednesday, May 6th. Finally, Robert W. Baird set a $52.00 target price on PayPal in a research report on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, PayPal currently has an average rating of “Hold” and an average price target of $55.85.

Check Out Our Latest Stock Report on PYPL

PayPal Stock Performance

Shares of PayPal stock opened at $44.28 on Friday. The firm has a market cap of $39.06 billion, a P/E ratio of 8.31, a P/E/G ratio of 1.11 and a beta of 1.39. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 12 month low of $38.46 and a 12 month high of $79.50. The stock’s fifty day moving average price is $46.43 and its 200-day moving average price is $52.23.

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

PayPal Dividend Announcement

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

Key Stories Impacting PayPal

Here are the key news stories impacting PayPal this week:

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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