Russell Investments Group Ltd. Has $41.50 Million Holdings in PayPal Holdings, Inc. $PYPL

Russell Investments Group Ltd. increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 3.3% in the third quarter, Holdings Channel reports. The institutional investor owned 615,292 shares of the credit services provider’s stock after buying an additional 19,408 shares during the period. Russell Investments Group Ltd.’s holdings in PayPal were worth $41,501,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC grew its holdings in shares of PayPal by 15.2% during the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock worth $596,000 after purchasing an additional 924 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in PayPal in the fourth quarter valued at about $248,000. Sivia Capital Partners LLC lifted its position in PayPal by 41.5% during the second quarter. Sivia Capital Partners LLC now owns 4,470 shares of the credit services provider’s stock worth $332,000 after purchasing an additional 1,310 shares during the period. United Bank lifted its position in PayPal by 40.1% during the second quarter. United Bank now owns 17,388 shares of the credit services provider’s stock worth $1,292,000 after purchasing an additional 4,974 shares during the period. Finally, Prospera Financial Services Inc grew its stake in PayPal by 1.2% during the second quarter. Prospera Financial Services Inc now owns 25,684 shares of the credit services provider’s stock worth $1,909,000 after buying an additional 296 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Performance

NASDAQ PYPL opened at $45.57 on Thursday. The firm’s fifty day moving average price is $49.46 and its two-hundred day moving average price is $60.10. The stock has a market cap of $41.95 billion, a PE ratio of 8.42, a PEG ratio of 1.34 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.29 and a current ratio of 1.29. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $79.50.

PayPal (NASDAQ:PYPLGet Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The credit services provider reported $1.23 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 during the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter in the previous year, the company posted $1.19 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. On average, equities analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

PayPal Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be given a $0.14 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $0.56 annualized dividend and a yield of 1.2%. PayPal’s dividend payout ratio (DPR) is currently 10.35%.

Insider Activity

In other news, EVP Frank Keller sold 29,581 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Chris Natali sold 2,208 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $44.73, for a total transaction of $98,763.84. Following the completion of the transaction, the chief accounting officer owned 1,140 shares of the company’s stock, valued at approximately $50,992.20. This trade represents a 65.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 87,608 shares of company stock valued at $3,831,535. 0.08% of the stock is currently owned by corporate insiders.

Key Headlines Impacting PayPal

Here are the key news stories impacting PayPal this week:

Wall Street Analyst Weigh In

Several equities analysts have commented on PYPL shares. Royal Bank Of Canada decreased their target price on shares of PayPal from $91.00 to $59.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. President Capital cut their price target on shares of PayPal from $91.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, November 25th. Susquehanna decreased their price objective on shares of PayPal from $90.00 to $63.00 and set a “positive” rating on the stock in a research note on Wednesday, February 4th. HSBC downgraded shares of PayPal from a “buy” rating to a “hold” rating and set a $47.00 price objective for the company. in a research report on Wednesday, February 4th. Finally, The Goldman Sachs Group cut their target price on PayPal from $64.00 to $41.00 and set a “sell” rating for the company in a research note on Wednesday, February 4th. Eight investment 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, PayPal currently has an average rating of “Hold” and a consensus price target of $59.03.

Read Our Latest Research Report on PYPL

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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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