Greenwich Wealth Management LLC Has $7.35 Million Holdings in PayPal Holdings, Inc. $PYPL

Greenwich Wealth Management LLC lifted its stake in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 61.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,830 shares of the credit services provider’s stock after buying an additional 47,653 shares during the period. Greenwich Wealth Management LLC’s holdings in PayPal were worth $7,346,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PYPL. Norges Bank acquired a new position in shares of PayPal in the 4th quarter worth approximately $949,758,000. Vanguard Group Inc. raised its holdings in shares of PayPal by 6.5% in the 4th quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock worth $5,276,205,000 after buying an additional 5,534,462 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of PayPal by 35.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,177,536 shares of the credit services provider’s stock worth $548,520,000 after buying an additional 2,160,227 shares in the last quarter. Two Sigma Investments LP acquired a new position in shares of PayPal in the 3rd quarter worth approximately $97,794,000. Finally, Invesco Ltd. raised its holdings in shares of PayPal by 10.9% in the 3rd quarter. Invesco Ltd. now owns 11,131,949 shares of the credit services provider’s stock worth $746,508,000 after buying an additional 1,093,365 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PYPL has been the subject of a number of recent research reports. Argus dropped their target price on PayPal from $87.00 to $65.00 and set a “buy” rating for the company in a report on Friday, February 6th. Bank of America dropped their target price on PayPal from $55.00 to $53.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Raymond James Financial reissued a “market perform” rating on shares of PayPal in a report on Monday, February 23rd. Wolfe Research reaffirmed a “sell” rating on shares of PayPal in a report on Monday, February 23rd. Finally, Truist Financial dropped their price target on PayPal from $45.00 to $44.00 and set a “sell” rating for the company in a report on Tuesday, May 12th. Eight equities research analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $55.85.

View Our Latest Research Report on PayPal

PayPal Trading Down 1.5%

PYPL stock opened at $44.53 on Wednesday. The business has a fifty day moving average price of $46.34 and a 200 day moving average price of $51.12. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $79.50. The stock has a market capitalization of $39.28 billion, a price-to-earnings ratio of 8.35, a P/E/G ratio of 1.13 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.

PayPal (NASDAQ:PYPLGet Free Report) last released its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.07. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The firm had revenue of $8.35 billion during the quarter, compared to analysts’ expectations of $8.05 billion. During the same period last year, the firm posted $1.33 EPS. The business’s revenue was up 7.2% on a year-over-year basis. Analysts expect that PayPal Holdings, Inc. will post 5.3 EPS for the current fiscal year.

PayPal Announces Dividend

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

Trending Headlines about PayPal

Here are the key news stories impacting PayPal this week:

Insiders Place Their Bets

In other PayPal news, insider Frank Keller sold 10,732 shares of the stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $49.96, for a total value of $536,170.72. Following the transaction, the insider directly owned 41,567 shares in the company, valued at approximately $2,076,687.32. This trade represents a 20.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of the 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 owned 1,586 shares in the company, valued at $78,443.56. The trade was a 45.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.63% of the stock is currently owned by company insiders.

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 Stories

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPLFree Report).

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.