PayPal Holdings, Inc. $PYPL Stock: Schaper Benz & Wise Investment Counsel Inc. WI Reduces Holdings

Schaper Benz & Wise Investment Counsel Inc. WI lessened its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 216,372 shares of the credit services provider’s stock after selling 17,669 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in PayPal were worth $11,366,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in PayPal during the 2nd quarter worth about $3,236,989,000. Bank of America Corp DE lifted its stake in shares of PayPal by 67.9% in the 1st quarter. Bank of America Corp DE now owns 25,614,720 shares of the credit services provider’s stock valued at $1,158,554,000 after purchasing an additional 10,356,256 shares during the period. Amundi boosted its position in shares of PayPal by 227.6% during the 1st quarter. Amundi now owns 13,804,208 shares of the credit services provider’s stock valued at $624,364,000 after purchasing an additional 9,590,488 shares in the last quarter. Primecap Management Co. CA bought a new stake in shares of PayPal during the 2nd quarter valued at about $422,092,000. Finally, Dimensional Fund Advisors LP grew its stake in PayPal by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 9,179,771 shares of the credit services provider’s stock worth $415,192,000 after purchasing an additional 376,530 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analysts Set New Price Targets

PYPL has been the subject of a number of research analyst reports. Piper Sandler lifted their target price on PayPal from $42.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, August 17th. Mizuho set a $51.00 target price on shares of PayPal in a research report on Friday, August 28th. Cantor Fitzgerald increased their price objective on shares of PayPal from $54.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. William Blair reiterated a “market perform” rating on shares of PayPal in a report on Wednesday, July 15th. Finally, Citigroup boosted their price target on shares of PayPal from $48.00 to $61.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating, thirty-four have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, PayPal has a consensus rating of “Hold” and an average price target of $56.28.

PayPal Stock Performance

Shares of PYPL opened at $55.53 on Friday. PayPal Holdings, Inc. has a 52 week low of $38.46 and a 52 week high of $79.21. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a 50 day moving average price of $56.22 and a two-hundred day moving average price of $50.13. The firm has a market capitalization of $47.50 billion, a P/E ratio of 10.50, a P/E/G ratio of 1.17 and a beta of 1.27.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.10. The business had revenue of $8.68 billion during the quarter, compared to the consensus estimate of $8.47 billion. PayPal had a return on equity of 24.39% and a net margin of 14.36%. PayPal’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.40 earnings per share. Equities analysts forecast that PayPal Holdings, Inc. will post 5.38 earnings per share for the current fiscal year.

PayPal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were paid a $0.14 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.56 annualized dividend and a dividend yield of 1.0%. PayPal’s dividend payout ratio is presently 10.59%.

Insider Transactions at PayPal

In other news, insider Frank Keller sold 4,612 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $55.43, for a total value of $255,643.16. Following the completion of the sale, the insider owned 41,567 shares in the company, valued at $2,304,058.81. This represents a 9.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 3,379 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $55.72, for a total transaction of $188,277.88. Following the transaction, the insider directly owned 30,983 shares in the company, valued at $1,726,372.76. The trade was a 9.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 14,774 shares of company stock worth $848,095 in the last quarter. 0.63% of the stock is currently owned by corporate insiders.

PayPal Profile

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and businesses to send, receive, and manage money online and through mobile devices. Its services support online checkout, peer-to-peer payments, money transfers, digital wallets, and payment processing for merchants.

The company’s principal consumer brands include PayPal and Venmo, while its merchant and commerce offerings include Braintree, PayPal Zettle, and PayPal Complete Payments. PayPal also operates Xoom, a service for international money transfers, and Honey, a shopping and rewards platform.