TIAA Trust National Association Sells 129,422 Shares of PayPal Holdings, Inc. $PYPL

TIAA Trust National Association lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 86.6% in the third quarter, HoldingsChannel.com reports. The firm owned 19,988 shares of the credit services provider’s stock after selling 129,422 shares during the period. TIAA Trust National Association’s holdings in PayPal were worth $1,340,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of PayPal during the second quarter valued at about $921,570,000. Artisan Partners Limited Partnership raised its holdings in shares of PayPal by 1.6% in the 2nd quarter. Artisan Partners Limited Partnership now owns 11,992,031 shares of the credit services provider’s stock worth $891,248,000 after acquiring an additional 184,014 shares during the last quarter. Invesco Ltd. lifted its position in PayPal by 5.5% in the 2nd quarter. Invesco Ltd. now owns 10,038,584 shares of the credit services provider’s stock valued at $746,068,000 after acquiring an additional 522,514 shares in the last quarter. Primecap Management Co. CA boosted its stake in PayPal by 2.1% during the 3rd quarter. Primecap Management Co. CA now owns 6,680,930 shares of the credit services provider’s stock valued at $448,023,000 after purchasing an additional 138,480 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its holdings in PayPal by 1.6% during the 2nd quarter. Loomis Sayles & Co. L P now owns 6,522,748 shares of the credit services provider’s stock worth $484,771,000 after purchasing an additional 103,718 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on PYPL shares. President Capital dropped their target price on PayPal from $91.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, November 25th. Morgan Stanley lowered their price target on PayPal from $50.00 to $34.00 and set an “underweight” rating for the company in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PayPal in a report on Thursday, January 22nd. BNP Paribas Exane reduced their target price on shares of PayPal from $71.00 to $69.00 and set a “neutral” rating for the company in a research note on Tuesday, December 2nd. Finally, Compass Point upgraded shares of PayPal from a “sell” rating to a “neutral” rating and set a $51.00 target price for the company in a report on Wednesday, February 4th. Eight analysts have rated the stock with a Buy rating, thirty have assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $60.21.

PayPal Trading Up 1.5%

NASDAQ PYPL opened at $46.21 on Monday. The business’s fifty day moving average is $51.58 and its 200-day moving average is $61.31. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $42.54 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 1.21 and a beta of 1.43. PayPal Holdings, Inc. has a one year low of $38.46 and a one year high of $79.50.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results 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 for 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 quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS. Equities research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

PayPal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be paid a dividend of $0.14 per share. The ex-dividend date is Wednesday, March 4th. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. PayPal’s dividend payout ratio (DPR) is presently 10.35%.

Insider Buying and Selling

In other PayPal news, CAO Chris Natali sold 1,213 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $40.49, for a total value of $49,114.37. Following the completion of the sale, the chief accounting officer directly owned 404 shares of the company’s stock, valued at $16,357.96. This trade represents a 75.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Frank Keller sold 3,478 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $40.20, for a total value of $139,815.60. Following the completion of the sale, the executive vice president owned 51,567 shares in the company, valued at approximately $2,072,993.40. The trade was a 6.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 42,304 shares of company stock valued at $1,749,493. 0.08% of the stock is owned by company insiders.

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.