Wealth Enhancement Advisory Services LLC Acquires 36,569 Shares of PayPal Holdings, Inc. $PYPL

Wealth Enhancement Advisory Services LLC lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 21.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 209,652 shares of the credit services provider’s stock after acquiring an additional 36,569 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in PayPal were worth $12,608,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PYPL. Kelleher Financial Advisors bought a new stake in PayPal during the third quarter worth approximately $30,000. Cloud Capital Management LLC bought a new stake in shares of PayPal in the 3rd quarter valued at approximately $30,000. Total Investment Management Inc. purchased a new position in shares of PayPal in the 2nd quarter worth approximately $38,000. True Wealth Design LLC boosted its holdings in shares of PayPal by 285.3% in the 3rd quarter. True Wealth Design LLC now owns 524 shares of the credit services provider’s stock worth $35,000 after purchasing an additional 388 shares during the period. Finally, Dagco Inc. increased its position in shares of PayPal by 1,250.0% during the 3rd quarter. Dagco Inc. now owns 540 shares of the credit services provider’s stock valued at $36,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of PayPal stock opened at $45.20 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.49. The stock’s fifty day moving average is $46.56 and its two-hundred day moving average is $58.28. PayPal Holdings, Inc. has a 52 week low of $38.46 and a 52 week high of $79.50. The company has a market capitalization of $41.61 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 1.34 and a beta of 1.43.

PayPal (NASDAQ:PYPLGet Free Report) 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). The company had revenue of $8.68 billion for the quarter, compared to analysts’ expectations of $8.82 billion. PayPal had a net margin of 15.77% and a return on equity of 25.42%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.19 earnings per share. As a group, analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

PayPal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, March 4th. PayPal’s payout ratio is 10.35%.

Key Stories Impacting PayPal

Here are the key news stories impacting PayPal this week:

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PYPL. Wolfe Research restated a “sell” rating on shares of PayPal in a report on Monday, February 23rd. Wells Fargo & Company cut their price objective on shares of PayPal from $67.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 4th. William Blair reissued a “market perform” rating on shares of PayPal in a research note on Tuesday, February 3rd. The Goldman Sachs Group lowered their target price on shares of PayPal from $64.00 to $41.00 and set a “sell” rating for the company in a report on Wednesday, February 4th. Finally, Morgan Stanley dropped their price target on shares of PayPal from $50.00 to $34.00 and set an “underweight” rating for the company in a research note on Wednesday, February 4th. Eight research analysts have rated the stock with a Buy rating, thirty have assigned a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $58.43.

Check Out Our Latest Stock Analysis on PayPal

Insider Buying and Selling at PayPal

In other news, EVP Frank Keller sold 29,581 shares of PayPal stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $46.02, for a total transaction of $1,361,317.62. Following the completion of the sale, the executive vice president owned 51,567 shares of the company’s stock, valued at approximately $2,373,113.34. The trade was a 36.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Suzan Kereere sold 13,515 shares of the business’s stock in a transaction that occurred 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 sale, the insider owned 30,983 shares of the company’s stock, 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. Insiders sold a total of 87,608 shares of company stock valued at $3,831,535 in the last three months. Company insiders own 0.08% of the company’s stock.

About PayPal

(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.

Further Reading

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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