PayPal Holdings, Inc. $PYPL Shares Sold by Sienna Gestion

Sienna Gestion trimmed its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 27.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 83,422 shares of the credit services provider’s stock after selling 32,017 shares during the period. Sienna Gestion’s holdings in PayPal were worth $5,101,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in PYPL. Brighton Jones LLC grew its stake in shares of PayPal by 15.2% in the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock valued at $596,000 after purchasing an additional 924 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of PayPal during the fourth quarter worth approximately $248,000. Sivia Capital Partners LLC raised its stake in shares of PayPal by 41.5% during the second quarter. Sivia Capital Partners LLC now owns 4,470 shares of the credit services provider’s stock worth $332,000 after purchasing an additional 1,310 shares during the last quarter. United Bank lifted its holdings in shares of PayPal by 40.1% during the second quarter. United Bank now owns 17,388 shares of the credit services provider’s stock worth $1,292,000 after purchasing an additional 4,974 shares during the period. Finally, Wedbush Securities Inc. lifted its stake in shares of PayPal by 7.3% in the 2nd quarter. Wedbush Securities Inc. now owns 22,044 shares of the credit services provider’s stock worth $1,638,000 after acquiring an additional 1,509 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Down 1.4%

Shares of NASDAQ PYPL opened at $46.98 on Monday. The stock has a market capitalization of $43.25 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 1.40 and a beta of 1.43. PayPal Holdings, Inc. has a 52 week low of $38.46 and a 52 week high of $79.50. The firm has a 50-day moving average price of $50.26 and a 200 day moving average price of $60.53. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). PayPal had a net margin of 15.77% and a return on equity of 25.42%. The company had revenue of $8.68 billion during the quarter, compared to analysts’ expectations of $8.82 billion. During the same period last year, the business posted $1.19 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

PayPal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.56 annualized dividend and a yield of 1.2%. PayPal’s payout ratio is currently 10.35%.

Analyst Ratings Changes

Several analysts have recently weighed in on PYPL shares. Royal Bank Of Canada lowered their target price on shares of PayPal from $91.00 to $59.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Dbs Bank raised shares of PayPal to a “hold” rating in a report on Friday, February 6th. Stephens reduced their price objective on shares of PayPal from $65.00 to $45.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 4th. KGI Securities reaffirmed a “hold” rating and issued a $55.00 price objective on shares of PayPal in a report on Monday, March 2nd. Finally, Piper Sandler dropped their target price on PayPal from $76.00 to $74.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Eight analysts have rated the stock with a Buy rating, thirty-one have issued a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $59.03.

Insiders Place Their Bets

In other PayPal news, CAO Chris Natali sold 2,208 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $44.73, for a total value of $98,763.84. Following the sale, the chief accounting officer owned 1,140 shares of the company’s stock, valued at approximately $50,992.20. This represents a 65.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Suzan Kereere sold 13,515 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $46.02, for a total value of $621,960.30. Following the completion of the transaction, the insider owned 30,983 shares of the company’s stock, valued at approximately $1,425,837.66. This represents a 30.37% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 87,608 shares of company stock worth $3,831,535. 0.08% of the stock is owned by corporate insiders.

PayPal Company 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.