Black Creek Investment Management Inc. Has $187.56 Million Stock Holdings in PayPal Holdings, Inc. $PYPL

Black Creek Investment Management Inc. lifted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 16.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,212,706 shares of the credit services provider’s stock after acquiring an additional 459,494 shares during the quarter. PayPal makes up about 9.3% of Black Creek Investment Management Inc.’s portfolio, making the stock its 4th biggest holding. Black Creek Investment Management Inc.’s holdings in PayPal were worth $187,558,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Maia Wealth LLC boosted its stake in shares of PayPal by 2.5% during the 3rd quarter. Maia Wealth LLC now owns 6,404 shares of the credit services provider’s stock worth $424,000 after acquiring an additional 155 shares during the period. Transatlantique Private Wealth LLC lifted its holdings in PayPal by 2.9% during the 3rd quarter. Transatlantique Private Wealth LLC now owns 5,698 shares of the credit services provider’s stock worth $382,000 after purchasing an additional 159 shares during the last quarter. Martin & Co. Inc. TN lifted its holdings in PayPal by 0.3% during the 3rd quarter. Martin & Co. Inc. TN now owns 56,934 shares of the credit services provider’s stock worth $3,818,000 after purchasing an additional 175 shares during the last quarter. RWA Wealth Partners LLC lifted its holdings in PayPal by 0.7% during the 3rd quarter. RWA Wealth Partners LLC now owns 25,043 shares of the credit services provider’s stock worth $1,679,000 after purchasing an additional 184 shares during the last quarter. Finally, GeoWealth Management LLC lifted its holdings in PayPal by 6.2% during the 3rd quarter. GeoWealth Management LLC now owns 3,214 shares of the credit services provider’s stock worth $216,000 after purchasing an additional 188 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PYPL has been the subject of several research reports. Cantor Fitzgerald lifted their price target on PayPal from $42.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Daiwa Securities Group raised PayPal from a “hold” rating to an “outperform” rating in a report on Wednesday, May 6th. Sanford C. Bernstein reissued a “market perform” rating on shares of PayPal in a report on Tuesday, February 24th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a report on Tuesday, May 5th. Finally, Mizuho reissued a “neutral” rating and set a $50.00 price target (down from $60.00) on shares of PayPal in a report on Thursday, April 16th. Eight analysts have rated the stock with a Buy rating, thirty-two have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $55.85.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $41.53 on Friday. The stock has a market capitalization of $36.63 billion, a PE ratio of 7.79, a P/E/G ratio of 1.04 and a beta of 1.34. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 1.26. The business has a fifty day moving average price of $45.85 and a two-hundred day moving average price of $49.93. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $79.50.

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

PayPal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.56 annualized dividend and a yield of 1.3%. PayPal’s payout ratio is currently 10.51%.

Insider Buying and Selling at PayPal

In other PayPal news, insider Suzan Kereere sold 3,379 shares of PayPal stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $42.79, for a total value of $144,587.41. Following the completion of the transaction, the insider directly owned 30,983 shares of the company’s stock, valued at $1,325,762.57. The trade was a 9.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of PayPal stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $49.46, for a total value of $66,128.02. Following the completion of the transaction, the chief accounting officer directly owned 1,586 shares of the company’s stock, valued at $78,443.56. This represents a 45.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 20,612 shares of company stock valued at $966,623 in the last three months. Corporate insiders own 0.63% of the company’s stock.

PayPal Company 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.