Korea Investment CORP Boosts Holdings in PayPal Holdings, Inc. $PYPL

Korea Investment CORP raised its position in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 20.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 630,354 shares of the credit services provider’s stock after buying an additional 106,892 shares during the quarter. Korea Investment CORP owned about 0.07% of PayPal worth $42,272,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Cloud Capital Management LLC purchased a new stake in shares of PayPal in the third quarter valued at about $30,000. True Wealth Design LLC increased its stake in shares of PayPal by 285.3% during the third quarter. True Wealth Design LLC now owns 524 shares of the credit services provider’s stock worth $35,000 after acquiring an additional 388 shares during the period. VSM Wealth Advisory LLC purchased a new position in PayPal during the second quarter worth about $36,000. Dagco Inc. lifted its position in PayPal by 1,250.0% in the third quarter. Dagco Inc. now owns 540 shares of the credit services provider’s stock valued at $36,000 after purchasing an additional 500 shares during the period. Finally, Total Investment Management Inc. acquired a new stake in PayPal in the second quarter valued at about $38,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Down 1.7%

PayPal stock opened at $46.16 on Tuesday. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $79.50. The firm has a market capitalization of $42.50 billion, a price-to-earnings ratio of 8.53, a price-to-earnings-growth ratio of 1.40 and a beta of 1.43. The stock’s fifty day moving average is $50.00 and its two-hundred day moving average is $60.38. 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 (NASDAQ:PYPLGet Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.06). PayPal had a return on equity of 25.42% and a net margin of 15.77%.The firm had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same period last year, the firm earned $1.19 EPS. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. Analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

PayPal Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Wednesday, March 4th. This represents a $0.56 dividend on an annualized basis and a yield of 1.2%. PayPal’s payout ratio is presently 10.35%.

Trending Headlines about PayPal

Here are the key news stories impacting PayPal this week:

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PYPL shares. Wolfe Research reissued a “sell” rating on shares of PayPal in a research note on Monday, February 23rd. Wells Fargo & Company reduced their target price on PayPal from $67.00 to $48.00 and set an “equal weight” rating for the company in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft lowered 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. Monness Crespi & Hardt cut shares of PayPal from a “buy” rating to a “neutral” rating in a research note on Monday, January 5th. Finally, Evercore decreased their price objective on shares of PayPal from $65.00 to $40.00 and set an “in-line” rating on the stock in a report on Tuesday, February 3rd. Eight investment analysts have rated the stock with a Buy rating, thirty-one have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, PayPal presently has an average rating of “Hold” and an average price target of $59.03.

Read Our Latest Analysis on PayPal

Insider Buying and Selling at PayPal

In other news, insider Suzan Kereere sold 13,515 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $46.02, for a total transaction of $621,960.30. Following the completion of the transaction, the insider directly owned 30,983 shares of the company’s stock, valued at $1,425,837.66. This trade represents a 30.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Frank Keller sold 29,581 shares of PayPal stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total value of $1,361,317.62. Following the transaction, the executive vice president owned 51,567 shares of the company’s stock, valued at $2,373,113.34. This represents a 36.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 87,608 shares of company stock valued at $3,831,535 over the last quarter. Corporate insiders own 0.08% of the company’s stock.

PayPal Company 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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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