Caisse Des Depots ET Consignations lifted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 153.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,995 shares of the credit services provider's stock after acquiring an additional 41,163 shares during the quarter. Caisse Des Depots ET Consignations' holdings in PayPal were worth $3,970,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of the stock. Kelleher Financial Advisors acquired a new position in PayPal during the third quarter worth $30,000. Cloud Capital Management LLC acquired a new position in PayPal during the third quarter worth $30,000. True Wealth Design LLC increased its position in PayPal by 285.3% during the third quarter. True Wealth Design LLC now owns 524 shares of the credit services provider's stock worth $35,000 after buying an additional 388 shares during the last quarter. Torren Management LLC acquired a new position in PayPal during the fourth quarter worth $31,000. Finally, Dagco Inc. increased its position in PayPal by 1,250.0% during the third quarter. Dagco Inc. now owns 540 shares of the credit services provider's stock worth $36,000 after buying an additional 500 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.
PayPal Stock Up 0.6%
PYPL stock opened at $50.44 on Friday. 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 Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.50. The company has a 50-day moving average of $46.63 and a two-hundred day moving average of $54.63. The stock has a market capitalization of $45.38 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 1.44 and a beta of 1.39.
PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.29 by ($0.06). PayPal had a net margin of 15.77% and a return on equity of 25.42%. The firm had revenue of $8.68 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter last year, the company earned $1.19 earnings per share. The firm's revenue was up 4.0% on a year-over-year basis. As a group, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.31 EPS for the current year.
PayPal Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Wednesday, March 4th. PayPal's dividend payout ratio is 10.35%.
Key Stories Impacting PayPal
Here are the key news stories impacting PayPal this week:
Insider Buying and Selling at PayPal
In related news, insider Frank Keller sold 10,732 shares of the stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $49.96, for a total value of $536,170.72. Following the completion of the sale, the insider owned 41,567 shares in the company, valued at approximately $2,076,687.32. This trade represents a 20.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 the stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $49.46, for a total transaction 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 approximately $78,443.56. The trade was a 45.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 99,677 shares of company stock worth $4,433,834 over the last ninety days. Company insiders own 0.63% of the company's stock.
Analyst Ratings Changes
Several research firms have commented on PYPL. William Blair reissued a "market perform" rating on shares of PayPal in a research report on Tuesday, February 3rd. Daiwa Securities Group lowered their target price on shares of PayPal from $61.00 to $42.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 10th. The Goldman Sachs Group lowered their target price on shares of PayPal from $64.00 to $41.00 and set a "sell" rating on the stock in a research report on Wednesday, February 4th. Cantor Fitzgerald reissued a "neutral" rating and set a $54.00 target price on shares of PayPal in a research report on Tuesday, April 21st. Finally, BMO Capital Markets began coverage on shares of PayPal in a research report on Tuesday, April 21st. They set a "market perform" rating and a $52.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating, thirty-three have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $56.55.
View Our Latest Stock Analysis on PayPal
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.
See Also
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