PayPal Holdings, Inc. $PYPL Shares Purchased by Korea Investment CORP

Korea Investment CORP raised its position in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 20.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 630,354 shares of the credit services provider’s stock after purchasing an additional 106,892 shares during the period. Korea Investment CORP’s holdings in PayPal were worth $42,272,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Cloud Capital Management LLC purchased a new stake in shares of PayPal during the third quarter worth about $30,000. True Wealth Design LLC lifted its stake 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 buying an additional 388 shares during the period. VSM Wealth Advisory LLC acquired a new stake in PayPal during the second quarter worth approximately $36,000. Dagco Inc. boosted 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 acquiring an additional 500 shares during the last quarter. Finally, Total Investment Management Inc. purchased a new stake in PayPal in the 2nd quarter worth approximately $38,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Down 1.7%

Shares of NASDAQ PYPL opened at $46.16 on Tuesday. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.50. The firm has a fifty day moving average of $50.00 and a 200-day moving average of $60.38. The stock has a market capitalization of $42.50 billion, a PE ratio of 8.53, a P/E/G ratio of 1.40 and a beta of 1.43. 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 (NASDAQ:PYPLGet Free Report) last issued its earnings results on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share for the quarter, missing the consensus estimate 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 company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the business posted $1.19 earnings per share. On average, analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

PayPal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 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 1.2%. The ex-dividend date of this dividend is Wednesday, March 4th. PayPal’s payout ratio is 10.35%.

Insiders Place Their Bets

In other news, insider Suzan Kereere sold 13,515 shares of the firm’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 $621,960.30. Following the transaction, the insider directly owned 30,983 shares in the company, valued at $1,425,837.66. This trade represents a 30.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Chris Natali sold 2,208 shares of PayPal stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $44.73, for a total value of $98,763.84. Following the completion of the transaction, the chief accounting officer directly owned 1,140 shares in the company, valued at $50,992.20. This represents a 65.95% 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 worth $3,831,535 over the last three months. 0.08% of the stock is owned by insiders.

PayPal News Summary

Here are the key news stories impacting PayPal this week:

Wall Street Analysts Forecast Growth

PYPL has been the subject of several analyst reports. Citizens Jmp reiterated a “market perform” rating on shares of PayPal in a report on Wednesday, February 4th. Raymond James Financial reaffirmed a “market perform” rating on shares of PayPal in a research report on Monday, February 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of PayPal in a research note on Thursday, January 22nd. Piper Sandler reduced their target price on PayPal from $76.00 to $74.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Finally, Wells Fargo & Company decreased their price target on PayPal from $67.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 4th. Eight 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. According to data from MarketBeat.com, PayPal presently has a consensus rating of “Hold” and a consensus price target of $59.03.

Read 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.

Featured Articles

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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