LSV Asset Management Increases Stake in PayPal Holdings, Inc. $PYPL

LSV Asset Management boosted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,752,260 shares of the credit services provider’s stock after acquiring an additional 143,559 shares during the period. LSV Asset Management owned about 0.40% of PayPal worth $251,627,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. GK Wealth Management LLC increased its holdings in PayPal by 11.4% in the third quarter. GK Wealth Management LLC now owns 5,580 shares of the credit services provider’s stock valued at $374,000 after buying an additional 569 shares during the last quarter. Cibc World Market Inc. boosted its position in shares of PayPal by 11.5% during the 3rd quarter. Cibc World Market Inc. now owns 117,440 shares of the credit services provider’s stock worth $7,876,000 after acquiring an additional 12,129 shares in the last quarter. Caprock Group LLC purchased a new position in shares of PayPal in the 3rd quarter valued at about $3,945,000. ING Groep NV raised its position in shares of PayPal by 29.8% during the 3rd quarter. ING Groep NV now owns 48,217 shares of the credit services provider’s stock worth $3,233,000 after acquiring an additional 11,081 shares in the last quarter. Finally, Krilogy Financial LLC raised its position in shares of PayPal by 48.1% during the 3rd quarter. Krilogy Financial LLC now owns 23,273 shares of the credit services provider’s stock worth $1,584,000 after acquiring an additional 7,559 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Trading Down 2.4%

Shares of PayPal stock opened at $40.49 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $37.28 billion, a P/E ratio of 7.48, a PEG ratio of 1.07 and a beta of 1.43. PayPal Holdings, Inc. has a 1 year low of $38.88 and a 1 year high of $79.50. The company’s fifty day moving average is $55.91 and its two-hundred day moving average is $63.59.

PayPal (NASDAQ:PYPL) last announced its 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 business had revenue of $8.68 billion during the quarter, compared to analysts’ expectations of $8.82 billion. During the same period in the previous year, the company posted $1.19 earnings per share. PayPal’s quarterly revenue was up 4.0% on a year-over-year basis. Analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

PayPal Announces Dividend

The business also recently disclosed 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 1.4%. The ex-dividend date of this dividend is Wednesday, March 4th. PayPal’s dividend payout ratio (DPR) is presently 10.35%.

Insider Activity at PayPal

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PYPL. BNP Paribas Exane lowered their price target on PayPal from $71.00 to $69.00 and set a “neutral” rating for the company in a report on Tuesday, December 2nd. HSBC cut shares of PayPal from a “buy” rating to a “hold” rating and set a $47.00 target price for the company. in a report on Wednesday, February 4th. Wall Street Zen lowered shares of PayPal from a “buy” rating to a “hold” rating in a research note on Sunday, January 18th. William Blair reissued a “market perform” rating on shares of PayPal in a research report on Tuesday, February 3rd. Finally, Rothschild & Co Redburn dropped their price objective on PayPal from $50.00 to $32.00 and set a “sell” rating on the stock in a report on Wednesday. Ten equities research analysts have rated the stock with a Buy rating, thirty have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, PayPal presently has an average rating of “Hold” and an average target price of $61.03.

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.