Stratos Wealth Partners LTD. Sells 13,372 Shares of PayPal Holdings, Inc. $PYPL

Stratos Wealth Partners LTD. trimmed its holdings in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 37.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 22,186 shares of the credit services provider’s stock after selling 13,372 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in PayPal were worth $1,295,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Kelleher Financial Advisors bought a new stake in PayPal in the 3rd quarter worth about $30,000. Cloud Capital Management LLC bought a new stake in PayPal in the 3rd quarter worth about $30,000. Total Investment Management Inc. bought a new stake in PayPal in the 2nd quarter worth about $38,000. True Wealth Design LLC increased its holdings in 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 buying an additional 388 shares in the last quarter. Finally, Dagco Inc. boosted its position in 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 purchasing an additional 500 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Frank Keller sold 29,581 shares of PayPal stock in a transaction dated 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 transaction, the executive vice president directly owned 51,567 shares of the company’s stock, valued at $2,373,113.34. The trade was a 36.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Suzan Kereere sold 37,613 shares of PayPal stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $41.49, for a total value of $1,560,563.37. Following the transaction, the insider directly owned 30,983 shares in the company, valued at approximately $1,285,484.67. The trade was a 54.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 87,608 shares of company stock valued at $3,831,535 in the last ninety days. Corporate insiders own 0.08% of the company’s stock.

PayPal Stock Up 2.2%

PYPL stock opened at $45.85 on Thursday. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.50. 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 has a market cap of $42.21 billion, a P/E ratio of 8.48, a PEG ratio of 1.35 and a beta of 1.40. The business’s 50-day moving average price is $44.56 and its 200-day moving average price is $56.80.

PayPal (NASDAQ:PYPLGet Free Report) last posted 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 net margin of 15.77% and a return on equity of 25.42%. The company had revenue of $8.68 billion for the quarter, compared to analysts’ expectations of $8.82 billion. During the same period in the previous year, the firm earned $1.19 earnings per share. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

PayPal Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on PYPL shares. William Blair reissued a “market perform” rating on shares of PayPal in a research report on Tuesday, February 3rd. Wall Street Zen cut PayPal from a “buy” rating to a “hold” rating in a research report on Sunday, January 18th. Stephens dropped their target price on PayPal from $65.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 4th. JPMorgan Chase & Co. dropped their target price on PayPal from $70.00 to $46.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of PayPal in a research report on Thursday, January 22nd. Eight equities research 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.com, PayPal presently has a consensus rating of “Hold” and a consensus price target of $57.41.

Get Our Latest Analysis on PYPL

PayPal News Summary

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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