Russell Investments Group Ltd. Acquires 19,408 Shares of PayPal Holdings, Inc. $PYPL

Russell Investments Group Ltd. lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 615,292 shares of the credit services provider’s stock after purchasing an additional 19,408 shares during the quarter. Russell Investments Group Ltd. owned 0.07% of PayPal worth $41,501,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PYPL. Cloud Capital Management LLC acquired a new stake in PayPal in the 3rd quarter valued at $30,000. VSM Wealth Advisory LLC bought a new position in shares of PayPal in the 2nd quarter valued at about $36,000. Total Investment Management Inc. acquired a new stake in shares of PayPal in the second quarter valued at about $38,000. True Wealth Design LLC raised its holdings in 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 in the last quarter. Finally, Dagco Inc. boosted its position in PayPal by 1,250.0% during 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 last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Transactions at PayPal

In related news, CAO Chris Natali sold 2,208 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $44.73, for a total value of $98,763.84. Following the completion of the sale, the chief accounting officer directly owned 1,140 shares in the company, valued at $50,992.20. The trade was a 65.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Frank Keller sold 29,581 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $46.02, for a total value of $1,361,317.62. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 87,608 shares of company stock worth $3,831,535 over the last quarter. Company insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

PYPL has been the topic of several recent analyst reports. Evercore lowered their price target on PayPal from $65.00 to $40.00 and set an “in-line” rating on the stock in a research report on Tuesday, February 3rd. Dbs Bank upgraded shares of PayPal to a “hold” rating in a report on Friday, February 6th. Wolfe Research reaffirmed a “sell” rating on shares of PayPal in a research report on Monday, February 23rd. Wall Street Zen downgraded shares of PayPal from a “buy” rating to a “hold” rating in a research report on Sunday, January 18th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $44.00 target price on shares of PayPal in a report on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating, thirty-one have issued a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $59.03.

Check Out Our Latest Report on PYPL

Trending Headlines about PayPal

Here are the key news stories impacting PayPal this week:

PayPal Price Performance

NASDAQ:PYPL opened at $45.57 on Thursday. The company has a market cap of $41.95 billion, a P/E ratio of 8.42, a P/E/G ratio of 1.34 and a beta of 1.43. The firm’s fifty day moving average price is $49.46 and its two-hundred day moving average price is $60.10. PayPal Holdings, Inc. has a one year low of $38.46 and a one year high of $79.50. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.29 and a quick ratio of 1.29.

PayPal (NASDAQ:PYPLGet Free Report) last posted 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 company had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.82 billion. PayPal had a return on equity of 25.42% and a net margin of 15.77%.The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.19 EPS. Equities analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

PayPal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, March 4th. PayPal’s payout ratio 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.

Featured Articles

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.