22,519 Shares in PayPal Holdings, Inc. $PYPL Bought by Fortis Group Advisors LLC

Fortis Group Advisors LLC purchased a new position in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 22,519 shares of the credit services provider’s stock, valued at approximately $1,560,000.

Several other institutional investors have also recently made changes to their positions in PYPL. National Pension Service lifted its position in shares of PayPal by 1.8% during the 3rd quarter. National Pension Service now owns 2,855,897 shares of the credit services provider’s stock worth $191,516,000 after buying an additional 51,268 shares in the last quarter. Merit Financial Group LLC grew its holdings in shares of PayPal by 15.5% in the third quarter. Merit Financial Group LLC now owns 164,901 shares of the credit services provider’s stock valued at $11,058,000 after acquiring an additional 22,139 shares in the last quarter. Nordea Investment Management AB increased its position in shares of PayPal by 7.9% during the third quarter. Nordea Investment Management AB now owns 4,292,583 shares of the credit services provider’s stock valued at $291,338,000 after acquiring an additional 313,180 shares during the last quarter. Rakuten Investment Management Inc. bought a new stake in PayPal during the third quarter worth $13,210,000. Finally, Ariose Capital Management Ltd boosted its position in PayPal by 347.0% in the third quarter. Ariose Capital Management Ltd now owns 193,100 shares of the credit services provider’s stock worth $12,949,000 after purchasing an additional 149,898 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Dbs Bank raised PayPal to a “hold” rating in a research report on Friday, February 6th. Canaccord Genuity Group restated a “hold” rating and set a $42.00 price target (down previously from $100.00) on shares of PayPal in a research report on Wednesday, February 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research report on Tuesday, February 3rd. KGI Securities reduced their target price on shares of PayPal from $85.00 to $80.00 in a research report on Monday, November 10th. Finally, Cantor Fitzgerald decreased their price target on shares of PayPal from $60.00 to $42.00 and set a “neutral” rating for the company in a research note on Monday, February 9th. Nine equities research analysts have rated the stock with a Buy rating, thirty have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $61.03.

Read Our Latest Stock Report on PYPL

Insiders Place Their Bets

In related news, EVP Frank Keller sold 3,478 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $40.20, for a total transaction 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 approximately $2,072,993.40. The trade was a 6.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.08% of the stock is owned by insiders.

PayPal News Roundup

Here are the key news stories impacting PayPal this week:

PayPal Stock Performance

Shares of PYPL stock opened at $40.81 on Wednesday. The firm’s 50 day moving average is $54.20 and its 200 day moving average is $62.67. The stock has a market capitalization of $37.57 billion, a P/E ratio of 7.54, a PEG ratio of 1.04 and a beta of 1.43. PayPal Holdings, Inc. has a 12 month low of $38.46 and a 12 month high of $79.50. The company has a current ratio of 1.29, a quick 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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). The business had revenue of $8.68 billion for the quarter, compared to the consensus estimate of $8.82 billion. PayPal had a net margin of 15.77% and a return on equity of 25.42%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.19 EPS. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

PayPal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be paid a $0.14 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $0.56 annualized dividend and a yield of 1.4%. PayPal’s dividend payout ratio (DPR) is currently 10.35%.

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.

See Also

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPLFree Report).

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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