FFT Wealth Management LLC Cuts Stock Holdings in PayPal Holdings, Inc. $PYPL

FFT Wealth Management LLC decreased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 42.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 20,821 shares of the credit services provider’s stock after selling 15,499 shares during the period. FFT Wealth Management LLC’s holdings in PayPal were worth $1,216,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of 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 buying an additional 5,534,462 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of PayPal by 2.3% during the third quarter. Capital Research Global Investors now owns 27,953,803 shares of the credit services provider’s stock valued at $1,874,637,000 after buying an additional 636,441 shares during the last quarter. Invesco Ltd. grew its holdings in shares of PayPal by 10.9% during the third quarter. Invesco Ltd. now owns 11,131,949 shares of the credit services provider’s stock valued at $746,508,000 after buying an additional 1,093,365 shares during the last quarter. Amundi grew its holdings in shares of PayPal by 1.6% during the third quarter. Amundi now owns 8,493,311 shares of the credit services provider’s stock valued at $605,488,000 after buying an additional 132,837 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of PayPal by 35.9% during the third quarter. Dimensional Fund Advisors LP now owns 8,177,536 shares of the credit services provider’s stock valued at $548,520,000 after buying an additional 2,160,227 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of PYPL stock opened at $44.23 on Monday. PayPal Holdings, Inc. has a 12-month low of $38.46 and a 12-month high of $79.50. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average is $46.40 and its 200 day moving average is $52.06. The stock has a market capitalization of $39.02 billion, a P/E ratio of 8.30, a P/E/G ratio of 1.11 and a beta of 1.39.

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

PayPal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be given a $0.14 dividend. The ex-dividend date is Thursday, June 4th. This represents a $0.56 annualized dividend and a yield of 1.3%. PayPal’s dividend payout ratio (DPR) is presently 10.51%.

Insiders Place Their Bets

In other PayPal news, insider Suzan Kereere sold 13,515 shares of the 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 transaction, the insider directly owned 30,983 shares in the company, valued at approximately $1,425,837.66. This trade represents a 30.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Frank Keller sold 29,581 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total transaction of $1,361,317.62. Following the completion of the transaction, the executive vice president owned 51,567 shares in the company, valued at $2,373,113.34. The trade was a 36.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 57,373 shares of company stock worth $2,684,341. Company insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. HSBC cut shares of PayPal from a “buy” rating to a “hold” rating and set a $47.00 price target on the stock. in a report on Wednesday, February 4th. Evercore cut their price target on shares of PayPal from $65.00 to $40.00 and set an “in-line” rating on the stock in a report on Tuesday, February 3rd. Raymond James Financial reiterated a “market perform” rating on shares of PayPal in a report on Monday, February 23rd. Needham & Company LLC restated a “hold” rating on shares of PayPal in a report on Tuesday, May 5th. Finally, Cantor Fitzgerald raised their target price on shares of PayPal from $42.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Eight analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, PayPal has a consensus rating of “Hold” and a consensus target price of $55.85.

View Our Latest Report on PayPal

PayPal News Roundup

Here are the key news stories impacting PayPal this week:

PayPal 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.

See Also

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPLFree Report).

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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