Hardman Johnston Global Advisors LLC reduced its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cloud Capital Management LLC bought a new position in shares of PayPal during the third quarter valued at $30,000. Kelleher Financial Advisors bought a new position in shares of PayPal during the third quarter valued at $30,000. True Wealth Design LLC lifted its holdings in shares of PayPal by 285.3% during the third quarter. True Wealth Design LLC now owns 524 shares of the credit services provider's stock valued at $35,000 after purchasing an additional 388 shares in the last quarter. Dagco Inc. lifted its holdings in shares of PayPal by 1,250.0% during the third quarter. Dagco Inc. now owns 540 shares of the credit services provider's stock valued at $36,000 after purchasing an additional 500 shares in the last quarter. Finally, Total Investment Management Inc. bought a new position in shares of PayPal during the second quarter valued at $38,000. 68.32% of the stock is owned by institutional investors.
PayPal Stock Up 0.1%
NASDAQ PYPL opened at $45.27 on Monday. The stock's 50-day moving average price is $44.27 and its 200-day moving average price is $56.41. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 52 week low of $38.46 and a 52 week high of $79.50. The company has a market capitalization of $40.73 billion, a P/E ratio of 8.37, a price-to-earnings-growth ratio of 1.36 and a beta of 1.40.
PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $8.68 billion during the quarter, compared to analysts' expectations of $8.82 billion. PayPal had a return on equity of 25.42% and a net margin of 15.77%.The business's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the company earned $1.19 earnings per share. On average, equities research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.
PayPal Dividend Announcement
The company 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. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.2%. PayPal's dividend payout ratio is 10.35%.
Insider Transactions at PayPal
In related news, insider Suzan Kereere sold 13,515 shares of the 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 sale, the insider owned 30,983 shares in the company, valued at approximately $1,425,837.66. This trade represents a 30.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Chris Natali sold 2,208 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $44.73, for a total value of $98,763.84. Following the sale, the chief accounting officer owned 1,140 shares of the company's stock, valued at $50,992.20. This represents a 65.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 87,608 shares of company stock valued at $3,831,535 over the last three months. Corporate insiders own 0.08% of the company's stock.
PayPal News Summary
Here are the key news stories impacting PayPal this week:
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the company. Rothschild & Co Redburn lowered their target price on PayPal from $50.00 to $32.00 and set a "sell" rating on the stock in a report on Wednesday, February 11th. Morgan Stanley lowered their target price on PayPal from $50.00 to $34.00 and set an "underweight" rating on the stock in a report on Wednesday, February 4th. Truist Financial lowered their target price on PayPal from $58.00 to $39.00 and set a "sell" rating on the stock in a report on Tuesday, February 10th. Weiss Ratings reissued a "hold (c)" rating on shares of PayPal in a report on Thursday, January 22nd. Finally, Wolfe Research reissued a "sell" rating on shares of PayPal in a report on Monday, February 23rd. Eight equities research analysts have rated the stock with a Buy rating, thirty-one have assigned a Hold rating and six have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $56.72.
Get Our Latest Stock Report on PYPL
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.
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