Commonwealth of Pennsylvania Public School Empls Retrmt SYS Reduces Stake in PayPal Holdings, Inc. $PYPL

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 194,833 shares of the credit services provider’s stock after selling 19,629 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in PayPal were worth $8,413,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PYPL. Norges Bank bought a new position in shares of PayPal during the 4th quarter valued at approximately $949,758,000. Bank of America Corp DE lifted its position in PayPal by 67.9% in the first quarter. Bank of America Corp DE now owns 25,614,720 shares of the credit services provider’s stock worth $1,158,554,000 after buying an additional 10,356,256 shares during the last quarter. Amundi boosted its stake in PayPal by 227.6% during the first quarter. Amundi now owns 13,804,208 shares of the credit services provider’s stock worth $624,364,000 after buying an additional 9,590,488 shares during the period. Vanguard Group Inc. increased its position in PayPal by 6.5% during the fourth quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock valued at $5,276,205,000 after acquiring an additional 5,534,462 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in PayPal by 355.1% during the first quarter. SG Americas Securities LLC now owns 4,967,170 shares of the credit services provider’s stock valued at $224,665,000 after acquiring an additional 3,875,688 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

PayPal Price Performance

Shares of PYPL stock opened at $60.59 on Friday. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.21. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $51.83 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 1.45 and a beta of 1.30. The stock has a fifty day simple moving average of $49.72 and a two-hundred day simple moving average of $47.18.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. The business had revenue of $8.68 billion for the quarter, compared to analysts’ expectations of $8.47 billion. PayPal had a net margin of 14.36% and a return on equity of 24.39%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business earned $1.40 EPS. On average, analysts predict that PayPal Holdings, Inc. will post 5.37 EPS for the current fiscal year.

PayPal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, September 4th. PayPal’s payout ratio is presently 10.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PYPL shares. Jefferies Financial Group upgraded shares of PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, July 28th. Susquehanna increased their price objective on shares of PayPal from $63.00 to $67.00 and gave the stock a “positive” rating in a research report on Wednesday, July 29th. Bank of America decreased 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. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research note on Wednesday, July 15th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of PayPal in a report on Wednesday, August 5th. Nine research analysts have rated the stock with a Buy rating, thirty-four have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $55.72.

Insider Buying and Selling at PayPal

In other PayPal news, insider Frank Keller sold 732 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $58.10, for a total transaction of $42,529.20. Following the sale, the insider directly owned 41,567 shares of the company’s stock, valued at approximately $2,415,042.70. This trade represents a 1.73% decrease in their position. The sale 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, CAO Chris Natali sold 1,337 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $58.10, for a total value of $77,679.70. Following the sale, the chief accounting officer directly owned 2,216 shares in the company, valued at approximately $128,749.60. This trade represents a 37.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 10,612 shares of company stock valued at $484,534. 0.63% of the stock is owned by insiders.

PayPal Profile

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.