Hardman Johnston Global Advisors LLC Cuts Stake in PayPal Holdings, Inc. $PYPL

Hardman Johnston Global Advisors LLC lowered its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 10.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 286,915 shares of the credit services provider’s stock after selling 35,081 shares during the quarter. Hardman Johnston Global Advisors LLC’s holdings in PayPal were worth $16,750,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. National Pension Service grew its holdings in PayPal by 1.8% during the 3rd quarter. National Pension Service now owns 2,855,897 shares of the credit services provider’s stock valued at $191,516,000 after buying an additional 51,268 shares in the last quarter. Merit Financial Group LLC grew its holdings in PayPal by 15.5% during the 3rd quarter. Merit Financial Group LLC now owns 164,901 shares of the credit services provider’s stock valued at $11,058,000 after buying an additional 22,139 shares in the last quarter. Nordea Investment Management AB grew its holdings in PayPal by 7.9% during the 3rd quarter. Nordea Investment Management AB now owns 4,292,583 shares of the credit services provider’s stock valued at $291,338,000 after buying an additional 313,180 shares in the last quarter. Rakuten Investment Management Inc. purchased a new position in PayPal during the 3rd quarter valued at approximately $13,210,000. Finally, Ariose Capital Management Ltd grew its holdings in PayPal by 347.0% during the 3rd quarter. Ariose Capital Management Ltd now owns 193,100 shares of the credit services provider’s stock valued at $12,949,000 after buying an additional 149,898 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Insider Activity

In related news, CAO Chris Natali sold 2,208 shares of the firm’s 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 completion of the sale, the chief accounting officer directly owned 1,140 shares of the company’s stock, valued at approximately $50,992.20. This trade represents a 65.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Frank Keller sold 29,581 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total value of $1,361,317.62. Following the sale, the executive vice president directly owned 51,567 shares of the company’s stock, valued at $2,373,113.34. This represents a 36.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 87,608 shares of company stock valued at $3,831,535 in the last ninety days. Insiders own 0.08% of the company’s stock.

PayPal Price Performance

NASDAQ:PYPL opened at $45.27 on Monday. The firm has a market capitalization of $40.73 billion, a price-to-earnings ratio of 8.37, a PEG ratio of 1.36 and a beta of 1.40. PayPal Holdings, Inc. has a 1 year low of $38.46 and a 1 year high of $79.50. The business has a 50 day simple moving average of $44.27 and a 200-day simple moving average of $56.41. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.29 and a quick ratio of 1.29.

PayPal (NASDAQ:PYPLGet Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.06). The company had revenue of $8.68 billion during 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 revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.19 earnings per share. Equities analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

PayPal Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. HSBC cut PayPal from a “buy” rating to a “hold” rating and set a $47.00 price target for the company. in a report on Wednesday, February 4th. Jefferies Financial Group restated a “hold” rating on shares of PayPal in a report on Wednesday, January 7th. Wolfe Research restated a “sell” rating on shares of PayPal in a report on Monday, February 23rd. Stephens cut their price target on PayPal from $65.00 to $45.00 and set an “equal weight” rating for the company in a report on Wednesday, February 4th. Finally, Evercore cut their price target on PayPal from $65.00 to $40.00 and set an “in-line” rating for the company in a report on Tuesday, February 3rd. Eight research analysts have rated the stock with a Buy rating, thirty-one have given a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $56.72.

View Our Latest Stock Report on PYPL

PayPal News Summary

Here are the key news stories impacting PayPal this week:

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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