Legal & General Group Plc Has $409.05 Million Stock Holdings in PayPal Holdings, Inc. $PYPL

Legal & General Group Plc increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,006,625 shares of the credit services provider’s stock after purchasing an additional 54,749 shares during the period. Legal & General Group Plc’s holdings in PayPal were worth $409,047,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PYPL. Vanguard Group Inc. raised its position in PayPal by 6.5% in the fourth quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock worth $5,276,205,000 after purchasing an additional 5,534,462 shares in the last quarter. Dimensional Fund Advisors LP raised its position in PayPal by 35.9% in the third quarter. Dimensional Fund Advisors LP now owns 8,177,536 shares of the credit services provider’s stock worth $548,520,000 after purchasing an additional 2,160,227 shares in the last quarter. Two Sigma Investments LP acquired a new position in PayPal in the third quarter worth about $97,794,000. Invesco Ltd. raised its position in PayPal by 10.9% in the third quarter. Invesco Ltd. now owns 11,131,949 shares of the credit services provider’s stock worth $746,508,000 after purchasing an additional 1,093,365 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in PayPal in the fourth quarter worth about $51,680,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. HSBC lowered shares of PayPal from a “buy” rating to a “hold” rating and set a $47.00 price target for the company. in a research report on Wednesday, February 4th. TD Cowen reissued a “hold” rating on shares of PayPal in a research report on Tuesday, February 3rd. Dbs Bank raised shares of PayPal to a “hold” rating in a report on Friday, February 6th. William Blair reaffirmed a “market perform” rating on shares of PayPal in a report on Tuesday, February 3rd. Finally, BNP Paribas Exane raised their price objective on shares of PayPal from $41.00 to $43.50 and gave the stock a “neutral” rating in a report on Friday, April 10th. Eight equities research analysts have rated the stock with a Buy rating, thirty-two have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, PayPal currently has an average rating of “Hold” and a consensus target price of $55.85.

Insider Transactions at PayPal

In other news, CAO Chris Natali sold 2,208 shares of PayPal stock in a transaction 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 transaction, the chief accounting officer directly owned 1,140 shares of the company’s stock, valued at $50,992.20. This trade represents a 65.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Frank Keller sold 29,581 shares of PayPal stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total transaction of $1,361,317.62. Following the transaction, the executive vice president directly owned 51,567 shares in the company, valued at approximately $2,373,113.34. This represents a 36.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 57,373 shares of company stock valued at $2,684,341 over the last three months. 0.63% of the stock is currently owned by corporate insiders.

PayPal Stock Performance

Shares of NASDAQ PYPL opened at $44.23 on Tuesday. The company’s fifty day moving average is $46.40 and its 200-day moving average is $51.91. The stock has a market cap of $39.02 billion, a price-to-earnings ratio of 8.30, a P/E/G ratio of 1.11 and a beta of 1.39. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.50. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. The company had revenue of $8.35 billion for the quarter, compared to analysts’ expectations of $8.05 billion. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $1.33 earnings per share. Equities research analysts predict that PayPal Holdings, Inc. will post 5.3 EPS for the current year.

PayPal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 4th. PayPal’s dividend payout ratio (DPR) is currently 10.51%.

PayPal Profile

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.