Nano Cap New Millennium Growth Fund L P Invests $876,000 in PayPal Holdings, Inc. $PYPL

Nano Cap New Millennium Growth Fund L P bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 15,000 shares of the credit services provider’s stock, valued at approximately $876,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PYPL. Vanguard Group Inc. raised its position in shares of PayPal by 6.5% during the fourth quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock worth $5,276,205,000 after acquiring an additional 5,534,462 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in PayPal by 35.9% in the third quarter. Dimensional Fund Advisors LP now owns 8,177,536 shares of the credit services provider’s stock valued at $548,520,000 after purchasing an additional 2,160,227 shares during the last quarter. Two Sigma Investments LP bought a new stake in PayPal in the third quarter valued at about $97,794,000. Invesco Ltd. increased its holdings in PayPal by 10.9% in the third quarter. Invesco Ltd. now owns 11,131,949 shares of the credit services provider’s stock valued at $746,508,000 after purchasing an additional 1,093,365 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in PayPal in the fourth quarter valued at about $51,680,000. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Down 0.2%

NASDAQ:PYPL opened at $44.28 on Friday. PayPal Holdings, Inc. has a 1 year low of $38.46 and a 1 year high of $79.50. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47. The stock has a market cap of $39.06 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 1.11 and a beta of 1.39. The stock has a 50-day moving average price of $46.43 and a two-hundred day moving average price of $52.23.

PayPal (NASDAQ:PYPLGet Free Report) last posted its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the firm earned $1.33 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. As a group, equities analysts expect that PayPal Holdings, Inc. will post 5.3 earnings per share for the current year.

PayPal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 4th. PayPal’s payout ratio is presently 10.51%.

Analysts Set New Price Targets

A number of research firms recently commented on PYPL. Rothschild & Co Redburn dropped their price objective on PayPal from $50.00 to $32.00 and set a “sell” rating for the company in a report on Wednesday, February 11th. Evercore dropped their price objective on PayPal from $65.00 to $40.00 and set an “in-line” rating for the company in a report on Tuesday, February 3rd. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Tuesday, May 5th. Compass Point upgraded PayPal from a “sell” rating to a “neutral” rating and set a $51.00 price objective for the company in a report on Wednesday, February 4th. Finally, Wells Fargo & Company dropped their price objective on PayPal from $67.00 to $48.00 and set an “equal weight” rating for the company in a report on Wednesday, February 4th. Eight investment analysts have rated the stock with a Buy rating, thirty-two have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $55.85.

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More PayPal News

Here are the key news stories impacting PayPal this week:

Insider Buying and Selling at PayPal

In other news, insider Suzan Kereere sold 13,515 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total transaction of $621,960.30. Following the completion of the transaction, the insider directly owned 30,983 shares of the company’s stock, valued at $1,425,837.66. This represents a 30.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Frank Keller sold 29,581 shares of the company’s stock in a transaction dated 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 transaction, 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. Over the last ninety days, insiders sold 57,373 shares of company stock valued at $2,684,341. Company insiders own 0.63% of the company’s stock.

PayPal 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.

Further Reading

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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