PayPal Holdings, Inc. $PYPL Shares Acquired by Core Alternative Capital

Core Alternative Capital lifted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 481,581.8% during the 4th quarter, Holdings Channel reports. The firm owned 52,985 shares of the credit services provider’s stock after buying an additional 52,974 shares during the period. Core Alternative Capital’s holdings in PayPal were worth $3,093,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Maia Wealth LLC lifted its position in shares of PayPal by 2.5% during the third quarter. Maia Wealth LLC now owns 6,404 shares of the credit services provider’s stock worth $424,000 after purchasing an additional 155 shares in the last quarter. Transatlantique Private Wealth LLC lifted its position in shares of PayPal by 2.9% during the third quarter. Transatlantique Private Wealth LLC now owns 5,698 shares of the credit services provider’s stock worth $382,000 after purchasing an additional 159 shares in the last quarter. Martin & Co. Inc. TN lifted its position in shares of PayPal by 0.3% during the third quarter. Martin & Co. Inc. TN now owns 56,934 shares of the credit services provider’s stock worth $3,818,000 after purchasing an additional 175 shares in the last quarter. Harrell Investment Partners LLC lifted its position in shares of PayPal by 2.0% during the third quarter. Harrell Investment Partners LLC now owns 9,185 shares of the credit services provider’s stock worth $616,000 after purchasing an additional 184 shares in the last quarter. Finally, RWA Wealth Partners LLC lifted its position in shares of PayPal by 0.7% during the third quarter. RWA Wealth Partners LLC now owns 25,043 shares of the credit services provider’s stock worth $1,679,000 after purchasing an additional 184 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PYPL shares. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research report on Tuesday, February 3rd. Mizuho reissued a “neutral” rating and set a $50.00 price target (down from $60.00) on shares of PayPal in a research report on Thursday, April 16th. Bank of America lifted their price objective on PayPal from $48.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st. Rothschild & Co Redburn decreased their price objective on PayPal from $50.00 to $32.00 and set a “sell” rating for the company in a research note on Wednesday, February 11th. Finally, Wolfe Research reiterated a “sell” rating on shares of PayPal in a research note on Monday, February 23rd. Seven investment analysts have rated the stock with a Buy rating, thirty-three have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, PayPal has a consensus rating of “Hold” and a consensus target price of $56.55.

View Our Latest Research Report on PYPL

Insiders Place Their Bets

In other PayPal news, CAO Chris Natali sold 2,208 shares of PayPal stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $44.73, for a total transaction of $98,763.84. Following the transaction, the chief accounting officer owned 1,140 shares of the company’s stock, valued at $50,992.20. The trade was a 65.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Suzan Kereere sold 37,613 shares of PayPal stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $41.49, for a total value of $1,560,563.37. Following the transaction, the insider directly owned 30,983 shares in the company, valued at approximately $1,285,484.67. This trade represents a 54.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 99,677 shares of company stock valued at $4,433,834 over the last quarter. Company insiders own 0.63% of the company’s stock.

PayPal News Summary

Here are the key news stories impacting PayPal this week:

PayPal Price Performance

Shares of NASDAQ PYPL opened at $50.44 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.29 and a current ratio of 1.29. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $79.50. The firm has a market capitalization of $45.38 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 1.45 and a beta of 1.39. The stock’s 50-day simple moving average is $46.63 and its 200-day simple moving average is $54.53.

PayPal (NASDAQ:PYPLGet Free Report) last issued its 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). PayPal had a return on equity of 25.42% and a net margin of 15.77%.The business had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same period last year, the business posted $1.19 EPS. PayPal’s revenue was up 4.0% on a year-over-year basis. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 5.31 EPS for the current fiscal year.

PayPal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.56 annualized dividend and a yield of 1.1%. PayPal’s payout ratio is 10.35%.

PayPal Company 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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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