Texas Yale Capital Corp. Invests $1.61 Million in PayPal Holdings, Inc. $PYPL

Texas Yale Capital Corp. bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 23,975 shares of the credit services provider’s stock, valued at approximately $1,608,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in PayPal in the second quarter valued at about $921,570,000. Lazard Asset Management LLC grew its stake in shares of PayPal by 1,066.0% in the second quarter. Lazard Asset Management LLC now owns 2,106,215 shares of the credit services provider’s stock valued at $156,532,000 after buying an additional 1,925,583 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of PayPal by 45.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,569,023 shares of the credit services provider’s stock valued at $265,250,000 after buying an additional 1,107,202 shares during the period. Federated Hermes Inc. lifted its position in PayPal by 3,552.7% during the 3rd quarter. Federated Hermes Inc. now owns 690,696 shares of the credit services provider’s stock worth $46,318,000 after acquiring an additional 671,787 shares in the last quarter. Finally, Primecap Management Co. CA boosted its holdings in PayPal by 9.5% in the 2nd quarter. Primecap Management Co. CA now owns 6,542,450 shares of the credit services provider’s stock worth $486,235,000 after acquiring an additional 568,640 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Performance

Shares of PayPal stock opened at $40.29 on Tuesday. 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 1 year low of $38.46 and a 1 year high of $79.50. The firm’s 50-day simple moving average is $54.60 and its 200-day simple moving average is $62.85. The firm has a market cap of $37.09 billion, a PE ratio of 7.45, a price-to-earnings-growth ratio of 1.04 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data 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). 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 period in the prior year, the firm earned $1.19 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

PayPal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, March 4th. PayPal’s dividend payout ratio is currently 10.35%.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of analyst reports. TD Cowen reiterated a “hold” rating on shares of PayPal in a research note on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of PayPal from $75.00 to $65.00 and set a “hold” rating on the stock in a research note on Friday, December 5th. Susquehanna decreased their price objective on shares of PayPal from $90.00 to $63.00 and set a “positive” rating for the company in a research report on Wednesday, February 4th. Sanford C. Bernstein lowered their target price on PayPal from $62.00 to $45.00 and set a “market perform” rating for the company in a research note on Monday, February 9th. Finally, Truist Financial cut their price target on PayPal from $58.00 to $39.00 and set a “sell” rating on the stock in a research note on Tuesday, February 10th. Ten research analysts have rated the stock with a Buy rating, thirty have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, PayPal presently has a consensus rating of “Hold” and a consensus target price of $61.03.

Insiders Place Their Bets

In other PayPal news, EVP Frank Keller sold 3,478 shares of PayPal stock in a transaction on Friday, February 6th. The shares were sold at an average price of $40.20, for a total value of $139,815.60. Following the completion of the transaction, the executive vice president owned 51,567 shares of the company’s stock, valued at $2,072,993.40. The trade was a 6.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Suzan Kereere sold 4,162 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $59.84, for a total transaction of $249,054.08. Following the sale, the insider directly owned 30,983 shares in the company, valued at $1,854,022.72. This trade represents a 11.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.08% of the company’s stock.

About PayPal

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.