WP Advisors LLC Has $7.53 Million Holdings in PayPal Holdings, Inc. $PYPL

WP Advisors LLC increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 19.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 129,046 shares of the credit services provider’s stock after acquiring an additional 21,235 shares during the quarter. PayPal makes up 1.9% of WP Advisors LLC’s portfolio, making the stock its 17th biggest position. WP Advisors LLC’s holdings in PayPal were worth $7,534,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. United Asset Strategies Inc. raised its stake in PayPal by 18.2% during the 4th quarter. United Asset Strategies Inc. now owns 58,168 shares of the credit services provider’s stock worth $3,396,000 after buying an additional 8,971 shares during the period. Boston Trust Walden Corp raised its stake in shares of PayPal by 3.4% in the 4th quarter. Boston Trust Walden Corp now owns 64,955 shares of the credit services provider’s stock valued at $3,792,000 after purchasing an additional 2,130 shares during the period. M&T Bank Corp raised its stake in shares of PayPal by 112.5% in the 4th quarter. M&T Bank Corp now owns 184,989 shares of the credit services provider’s stock valued at $10,800,000 after purchasing an additional 97,946 shares during the period. Jones Kertz & Associates Inc. acquired a new stake in shares of PayPal in the 4th quarter valued at about $387,000. Finally, Q3 Asset Management raised its stake in shares of PayPal by 12.0% in the 4th quarter. Q3 Asset Management now owns 5,760 shares of the credit services provider’s stock valued at $336,000 after purchasing an additional 619 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Activity

In other news, CAO Chris Natali sold 2,208 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $44.73, for a total value of $98,763.84. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Frank Keller sold 29,581 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $46.02, for a total value of $1,361,317.62. Following the completion of the transaction, the executive vice president 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 disclosure for this sale is available in the SEC filing. Insiders sold 87,608 shares of company stock worth $3,831,535 in the last quarter. Corporate insiders own 0.63% of the company’s stock.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $51.22 on Thursday. The stock has a market capitalization of $46.08 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 1.46 and a beta of 1.40. The business has a 50-day moving average of $45.49 and a 200-day moving average of $55.48. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.29 and a quick ratio of 1.29. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $79.50.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.06). The company had revenue of $8.68 billion during the quarter, compared to the consensus estimate of $8.82 billion. PayPal had a net margin of 15.77% and a return on equity of 25.42%. PayPal’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.19 EPS. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 5.32 earnings per share for the current fiscal 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 issued a $0.14 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $0.56 annualized dividend and a dividend yield of 1.1%. PayPal’s dividend payout ratio (DPR) is presently 10.35%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PYPL shares. Citizens Jmp reissued a “market perform” rating on shares of PayPal in a research note on Wednesday, February 4th. BNP Paribas Exane lifted their price target on PayPal from $41.00 to $43.50 and gave the company a “neutral” rating in a research note on Friday, April 10th. BTIG Research reissued a “neutral” rating on shares of PayPal in a research note on Tuesday, February 3rd. Mizuho reissued a “neutral” rating and issued a $50.00 price target (down from $60.00) on shares of PayPal in a research note on Thursday, April 16th. Finally, Rothschild & Co Redburn dropped their price target on PayPal from $50.00 to $32.00 and set a “sell” rating on the stock in a research note on Wednesday, February 11th. Seven research analysts have rated the stock with a Buy rating, thirty-three have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, PayPal presently has an average rating of “Hold” and a consensus target price of $56.39.

About PayPal

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.