PayPal Holdings, Inc. $PYPL Shares Bought by Ingalls & Snyder LLC

Ingalls & Snyder LLC lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 23.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 106,012 shares of the credit services provider’s stock after acquiring an additional 20,262 shares during the period. Ingalls & Snyder LLC’s holdings in PayPal were worth $7,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PYPL. Marble Harbor Investment Counsel LLC increased its holdings in shares of PayPal by 3.5% in the third quarter. Marble Harbor Investment Counsel LLC now owns 182,368 shares of the credit services provider’s stock valued at $12,230,000 after purchasing an additional 6,212 shares during the period. Fortis Group Advisors LLC purchased a new stake in PayPal in the third quarter valued at approximately $1,560,000. Crestwood Advisors Group LLC increased its holdings in PayPal by 51.3% in the 3rd quarter. Crestwood Advisors Group LLC now owns 7,058 shares of the credit services provider’s stock worth $473,000 after buying an additional 2,392 shares during the period. NEOS Investment Management LLC raised its position in PayPal by 47.8% during the 3rd quarter. NEOS Investment Management LLC now owns 411,262 shares of the credit services provider’s stock worth $27,579,000 after buying an additional 132,942 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in PayPal during the 3rd quarter valued at approximately $454,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Frank Keller sold 3,478 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $40.20, for a total value of $139,815.60. Following the sale, the executive vice president owned 51,567 shares in the company, valued at approximately $2,072,993.40. The trade was a 6.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Citizens Jmp reissued a “market perform” rating on shares of PayPal in a report on Wednesday, February 4th. Wells Fargo & Company reduced their price objective on PayPal from $67.00 to $48.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 4th. Raymond James Financial set a $48.00 target price on PayPal in a research note on Tuesday, February 3rd. KeyCorp reaffirmed a “hold” rating on shares of PayPal in a report on Wednesday, October 22nd. Finally, Wall Street Zen downgraded PayPal from a “buy” rating to a “hold” rating in a report on Sunday, January 18th. Nine investment analysts have rated the stock with a Buy rating, thirty have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, PayPal has an average rating of “Hold” and a consensus target price of $61.03.

Check Out Our Latest Research Report on PYPL

PayPal Stock Performance

NASDAQ:PYPL opened at $40.81 on Wednesday. The company has a market cap of $37.57 billion, a P/E ratio of 7.54, a P/E/G ratio of 1.04 and a beta of 1.43. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.50. The company’s 50-day moving average price is $54.20 and its 200-day moving average price is $62.67. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPLGet Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). PayPal had a return on equity of 25.42% and a net margin of 15.77%.The company had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same period last year, the firm posted $1.19 EPS. The business’s quarterly revenue was up 4.0% on a year-over-year basis. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

PayPal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.4%. PayPal’s dividend payout ratio (DPR) is presently 10.35%.

Key Headlines 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.

Featured Stories

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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