Evelyn Partners Asset Management Ltd Has $4.19 Million Stock Holdings in PayPal Holdings, Inc. $PYPL

Evelyn Partners Asset Management Ltd lessened its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 22.5% during the fourth quarter, HoldingsChannel reports. The firm owned 71,817 shares of the credit services provider’s stock after selling 20,819 shares during the quarter. Evelyn Partners Asset Management Ltd’s holdings in PayPal were worth $4,193,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of PYPL. Norges Bank acquired a new stake in shares of PayPal in the 4th quarter valued at $949,758,000. Vanguard Group Inc. boosted its holdings in shares of PayPal by 6.5% during the 4th quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock valued at $5,276,205,000 after acquiring an additional 5,534,462 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of PayPal by 35.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 8,177,536 shares of the credit services provider’s stock valued at $548,520,000 after acquiring an additional 2,160,227 shares in the last quarter. Primecap Management Co. CA boosted its holdings in shares of PayPal by 22.3% during the 4th quarter. Primecap Management Co. CA now owns 8,168,490 shares of the credit services provider’s stock valued at $476,876,000 after acquiring an additional 1,487,560 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new stake in shares of PayPal during the 3rd quarter valued at $97,794,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insiders Place Their Bets

In other PayPal news, insider Frank Keller sold 10,732 shares of PayPal stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $49.96, for a total transaction of $536,170.72. Following the transaction, the insider directly owned 41,567 shares of the company’s stock, valued at approximately $2,076,687.32. The trade was a 20.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of PayPal stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $49.46, for a total value of $66,128.02. Following the transaction, the chief accounting officer directly owned 1,586 shares in the company, valued at $78,443.56. The trade was a 45.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 20,612 shares of company stock valued at $966,623. 0.63% of the stock is currently owned by company insiders.

PayPal Stock Up 0.7%

Shares of PYPL opened at $41.53 on Friday. The company has a market capitalization of $36.63 billion, a PE ratio of 7.79, a PEG ratio of 1.04 and a beta of 1.34. PayPal Holdings, Inc. has a 12 month low of $38.46 and a 12 month high of $79.50. The stock’s 50-day moving average price is $45.85 and its two-hundred day moving average price is $49.93. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.27 by $0.07. The firm had revenue of $8.35 billion for the quarter, compared to the consensus estimate of $8.05 billion. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.33 EPS. On average, analysts anticipate that PayPal Holdings, Inc. will post 5.3 EPS for the current year.

PayPal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.56 annualized dividend and a yield of 1.3%. PayPal’s payout ratio is presently 10.51%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PYPL. Citigroup raised their price objective on PayPal from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, April 8th. Wolfe Research reissued a “sell” rating on shares of PayPal in a report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft cut their price objective on PayPal from $50.00 to $45.00 in a report on Monday, May 11th. Canaccord Genuity Group reissued a “hold” rating and set a $42.00 price objective on shares of PayPal in a report on Wednesday, May 20th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of PayPal in a report on Tuesday, February 24th. Eight equities research analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $55.85.

PayPal Company Profile

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.