PayPal Holdings, Inc. $PYPL Shares Sold by Capitolis Liquid Global Markets LLC

Capitolis Liquid Global Markets LLC trimmed its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 43.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,000 shares of the credit services provider’s stock after selling 43,000 shares during the period. Capitolis Liquid Global Markets LLC’s holdings in PayPal were worth $3,822,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of PYPL. Cloud Capital Management LLC acquired a new stake in PayPal in the 3rd quarter worth about $30,000. Kelleher Financial Advisors acquired a new position in shares of PayPal during the third quarter valued at approximately $30,000. True Wealth Design LLC lifted its position in shares of PayPal by 285.3% in the third quarter. True Wealth Design LLC now owns 524 shares of the credit services provider’s stock valued at $35,000 after acquiring an additional 388 shares in the last quarter. VSM Wealth Advisory LLC purchased a new position in shares of PayPal in the second quarter valued at approximately $36,000. Finally, Dagco Inc. boosted its stake in shares of PayPal by 1,250.0% in the third quarter. Dagco Inc. now owns 540 shares of the credit services provider’s stock worth $36,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Key PayPal News

Here are the key news stories impacting PayPal this week:

PayPal Stock Performance

NASDAQ PYPL opened at $44.90 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.29 and a current ratio of 1.29. The stock’s fifty day moving average is $48.91 and its two-hundred day moving average is $59.68. The firm has a market capitalization of $41.34 billion, a P/E ratio of 8.30, a price-to-earnings-growth ratio of 1.34 and a beta of 1.43. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $79.50.

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). PayPal had a return on equity of 25.42% and a net margin of 15.77%.The company had revenue of $8.68 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same period last year, the business earned $1.19 earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. On average, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current 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 given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, March 4th. PayPal’s dividend payout ratio (DPR) is presently 10.35%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. KGI Securities reissued a “hold” rating and issued a $55.00 price objective on shares of PayPal in a research note on Monday, March 2nd. Mizuho set a $60.00 target price on shares of PayPal in a research note on Wednesday, February 4th. Robert W. Baird set a $52.00 target price on shares of PayPal in a report on Wednesday, February 4th. Zacks Research cut shares of PayPal from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 11th. Finally, Royal Bank Of Canada decreased their price target on shares of PayPal from $91.00 to $59.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. Eight investment analysts have rated the stock with a Buy rating, thirty-one have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $59.03.

Check Out Our Latest Report on PayPal

Insiders Place Their Bets

In other news, CAO Chris Natali sold 2,208 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $44.73, for a total transaction of $98,763.84. Following the completion of the sale, the chief accounting officer owned 1,140 shares in the company, valued at $50,992.20. This trade represents a 65.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the executive vice president directly owned 51,567 shares in the company, valued at approximately $2,373,113.34. The trade was a 36.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 87,608 shares of company stock valued at $3,831,535 over the last ninety days. Company insiders own 0.08% of the company’s stock.

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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