Havemeyer Place LP Takes $1.54 Million Position in PayPal Holdings, Inc. $PYPL

Havemeyer Place LP purchased a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 26,359 shares of the credit services provider’s stock, valued at approximately $1,539,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in PayPal by 6.5% in the fourth quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock valued at $5,276,205,000 after buying an additional 5,534,462 shares during the last quarter. NEOS Investment Management LLC increased its stake in PayPal by 47.8% during the third quarter. NEOS Investment Management LLC now owns 411,262 shares of the credit services provider’s stock worth $27,579,000 after purchasing an additional 132,942 shares during the period. Kovitz Investment Group Partners LLC increased its stake in PayPal by 21.1% during the third quarter. Kovitz Investment Group Partners LLC now owns 463,701 shares of the credit services provider’s stock worth $31,096,000 after purchasing an additional 80,744 shares during the period. Capital Research Global Investors increased its stake in PayPal by 2.3% during the third quarter. Capital Research Global Investors now owns 27,953,803 shares of the credit services provider’s stock worth $1,874,637,000 after purchasing an additional 636,441 shares during the period. Finally, Candriam S.C.A. increased its stake in PayPal by 619.4% during the third quarter. Candriam S.C.A. now owns 623,059 shares of the credit services provider’s stock worth $41,782,000 after purchasing an additional 536,452 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Trading Down 3.4%

Shares of PYPL stock opened at $41.29 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $79.50. The stock has a market cap of $36.42 billion, a P/E ratio of 7.75, a P/E/G ratio of 1.03 and a beta of 1.34. The business has a fifty day simple moving average of $46.20 and a 200-day simple moving average of $50.59.

PayPal (NASDAQ:PYPLGet Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $8.05 billion. During the same period in the previous year, the firm posted $1.33 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, analysts forecast that PayPal Holdings, Inc. will post 5.3 earnings per share for the current fiscal year.

PayPal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, June 4th. PayPal’s dividend payout ratio (DPR) is currently 10.51%.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of recent research reports. Sanford C. Bernstein restated a “market perform” rating on shares of PayPal in a research note on Tuesday, February 24th. Mizuho reiterated a “neutral” rating and issued a $50.00 price target (down from $60.00) on shares of PayPal in a research note on Thursday, April 16th. BNP Paribas Exane raised their target price on shares of PayPal from $41.00 to $43.50 and gave the stock a “neutral” rating in a research report on Friday, April 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PayPal in a report on Friday, May 8th. Finally, Citigroup increased their price target on PayPal from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, April 8th. Eight analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $55.85.

Get Our Latest Stock Analysis on PYPL

More PayPal News

Here are the key news stories impacting PayPal this week:

Insider Buying and Selling

In related news, insider Frank Keller sold 4,612 shares of PayPal stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $42.54, for a total transaction of $196,194.48. Following the completion of the sale, the insider owned 41,567 shares in the company, valued at approximately $1,768,260.18. This trade represents a 9.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of PayPal stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $49.46, for a total value of $66,128.02. Following the completion of the sale, the chief accounting officer owned 1,586 shares of the company’s stock, valued at $78,443.56. This trade represents a 45.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 20,612 shares of company stock worth $966,623. 0.63% of the stock is owned by corporate insiders.

About PayPal

(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.

Recommended Stories

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPLFree Report).

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.