PayPal Holdings, Inc. $PYPL Shares Sold by Quadrant Private Wealth Management LLC

Quadrant Private Wealth Management LLC lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 20.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,180 shares of the credit services provider’s stock after selling 10,221 shares during the quarter. Quadrant Private Wealth Management LLC’s holdings in PayPal were worth $1,817,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Bard Associates Inc. purchased a new position in shares of PayPal in the 4th quarter worth about $25,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of 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 worth $27,000 after purchasing an additional 457 shares during the period. Safe Harbor Fiduciary LLC purchased a new stake in shares of PayPal during the 4th quarter worth about $28,000. Kelleher Financial Advisors acquired a new stake in PayPal during the 3rd quarter worth approximately $30,000. Finally, Advocate Investing Services LLC acquired a new stake in PayPal during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of NASDAQ:PYPL opened at $56.56 on Friday. The business’s 50-day simple moving average is $44.60 and its 200 day simple moving average is $47.23. The company has a market cap of $49.89 billion, a P/E ratio of 10.61, a PEG ratio of 1.42 and a beta of 1.33. 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 Holdings, Inc. has a one year low of $38.46 and a one year high of $79.50.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, topping 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 firm had revenue of $8.35 billion during the quarter, compared to analysts’ expectations of $8.05 billion. During the same quarter in the prior year, the business earned $1.33 EPS. PayPal’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.32 earnings per share for the current fiscal year.

PayPal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were paid a $0.14 dividend. The ex-dividend date was Thursday, June 4th. This represents a $0.56 annualized dividend and a dividend yield of 1.0%. PayPal’s dividend payout ratio is 10.51%.

Insider Activity at PayPal

In other PayPal news, insider Frank Keller sold 4,612 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $42.54, for a total value of $196,194.48. Following the transaction, the insider owned 41,567 shares in the company, valued at $1,768,260.18. The trade was a 9.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 shares were sold at an average price of $49.46, for a total transaction of $66,128.02. Following the completion of the transaction, the chief accounting officer directly owned 1,586 shares of the company’s stock, valued at approximately $78,443.56. The trade was a 45.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 20,612 shares of company stock valued at $966,623. Corporate insiders own 0.63% of the company’s stock.

Key Headlines Impacting PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: The reported takeover interest from Stripe and Advent has fueled speculation that PayPal could be worth more than the current offer, with several analysts and investors arguing the bid is too low. Reuters: PayPal board sees Stripe-Advent offer as inadequate, sources say
• Positive Sentiment: Some market commentary suggests the bid could force a higher valuation for PYPL, potentially supporting further upside if negotiations continue or a competing offer emerges. Yahoo Finance: Cantor sees potential for higher PayPal offer as analysis suggests $70/share value
• Neutral Sentiment: PayPal’s board has reportedly not formally responded yet, so the deal is still early-stage and subject to negotiation, financing, and regulatory risk. Yahoo Finance weekly review
• Negative Sentiment: The board is said to view the $53 billion proposal as inadequate, which could mean a longer path to any deal or no deal at all if a higher price does not materialize. PYMNTS: PayPal Board Calls $53 Billion Stripe-Advent Bid Inadequate

Analysts Set New Price Targets

Several research analysts recently commented on PYPL shares. Loop Capital began coverage on shares of PayPal in a report on Tuesday, March 31st. They issued a “hold” rating and a $46.00 price target on the stock. BNP Paribas Exane boosted their price objective on shares of PayPal from $41.00 to $43.50 and gave the stock a “neutral” rating in a research note on Friday, April 10th. Bank of America dropped their price objective on shares of PayPal from $55.00 to $53.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Zacks Research raised shares of PayPal from a “strong sell” rating to a “hold” rating in a research note on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of PayPal from $50.00 to $45.00 in a report on Monday, May 11th. Seven investment analysts have rated the stock with a Buy rating, thirty-four have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $54.61.

PayPal 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.