Hoertkorn Richard Charles Decreases Stock Holdings in PayPal Holdings, Inc. $PYPL

Hoertkorn Richard Charles trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 48.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 29,675 shares of the credit services provider’s stock after selling 27,975 shares during the quarter. PayPal comprises about 1.1% of Hoertkorn Richard Charles’ investment portfolio, making the stock its 26th largest position. Hoertkorn Richard Charles’ holdings in PayPal were worth $1,342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Bard Associates Inc. bought a new stake in shares of PayPal in the fourth quarter worth about $25,000. Kelleher Financial Advisors bought a new position in PayPal during the 3rd quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd raised its position in PayPal by 15,233.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 457 shares during the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in PayPal in the 4th quarter worth approximately $28,000. Finally, Advocate Investing Services LLC purchased a new stake in PayPal in the 4th quarter worth approximately $30,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at PayPal

In other news, insider Suzan Kereere sold 3,379 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $42.79, for a total transaction of $144,587.41. Following the sale, the insider owned 30,983 shares in the company, valued at approximately $1,325,762.57. The trade was a 9.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of the company’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $49.46, for a total transaction of $66,128.02. Following the completion of the sale, the chief accounting officer directly owned 1,586 shares in the company, valued at $78,443.56. This represents 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. Over the last 90 days, insiders sold 20,612 shares of company stock valued at $966,623. 0.63% of the stock is currently owned by company insiders.

Key PayPal News

Here are the key news stories impacting PayPal this week:

Wall Street Analyst Weigh In

PYPL has been the topic of several research analyst reports. Royal Bank Of Canada reissued an “outperform” rating and set a $59.00 target price on shares of PayPal in a research note on Wednesday, May 6th. BNP Paribas Exane raised their price target on PayPal from $41.00 to $43.50 and gave the stock a “neutral” rating in a research note on Friday, April 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of PayPal in a report on Friday, May 8th. Piper Sandler reduced their price objective on shares of PayPal from $46.00 to $42.00 and set a “neutral” rating on the stock in a research report on Monday, June 29th. Finally, The Goldman Sachs Group upped their price objective on shares of PayPal from $40.00 to $41.00 and gave the stock a “sell” rating in a report on Monday, June 29th. Seven analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $53.72.

Get Our Latest Research Report on PYPL

PayPal Stock Down 2.5%

PYPL stock opened at $44.53 on Thursday. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $79.50. The company has a market capitalization of $39.28 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 1.14 and a beta of 1.33. The business’s 50 day moving average price is $44.19 and its two-hundred day moving average price is $47.59. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 1.26.

PayPal (NASDAQ:PYPLGet Free Report) last released its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.07. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The company had revenue of $8.35 billion during the quarter, compared to analysts’ expectations of $8.05 billion. During the same quarter last year, the business posted $1.33 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, analysts forecast that PayPal Holdings, Inc. will post 5.32 earnings per share for the current fiscal year.

PayPal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $0.56 annualized dividend and a yield of 1.3%. PayPal’s dividend payout ratio (DPR) is currently 10.51%.

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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