PayPal Holdings, Inc. $PYPL Stock Position Raised by 7G Capital Management LLC

7G Capital Management LLC boosted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 216.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 95,000 shares of the credit services provider’s stock after purchasing an additional 65,000 shares during the quarter. PayPal makes up approximately 3.4% of 7G Capital Management LLC’s portfolio, making the stock its 6th biggest holding. 7G Capital Management LLC’s holdings in PayPal were worth $5,546,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new stake in shares of PayPal in the 4th quarter valued at about $949,758,000. Vanguard Group Inc. raised its stake 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 valued at $5,276,205,000 after purchasing an additional 5,534,462 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of PayPal by 143.4% in the 4th quarter. AQR Capital Management LLC now owns 5,089,586 shares of the credit services provider’s stock valued at $297,130,000 after purchasing an additional 2,998,286 shares in the last quarter. Dimensional Fund Advisors LP raised its stake 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 valued at $548,520,000 after purchasing an additional 2,160,227 shares in the last quarter. Finally, Primecap Management Co. CA raised its stake in shares of PayPal by 22.3% in the 4th quarter. Primecap Management Co. CA now owns 8,168,490 shares of the credit services provider’s stock valued at $476,876,000 after purchasing an additional 1,487,560 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Key PayPal News

Here are the key news stories impacting PayPal this week:

PayPal Price Performance

NASDAQ PYPL opened at $42.08 on Thursday. PayPal Holdings, Inc. has a 52 week low of $38.46 and a 52 week high of $79.50. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47. The stock has a market cap of $37.12 billion, a price-to-earnings ratio of 7.89, a price-to-earnings-growth ratio of 1.09 and a beta of 1.34. The company has a 50-day moving average price of $45.69 and a two-hundred day moving average price of $49.46.

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

PayPal Dividend Announcement

The company also recently announced 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. The ex-dividend date is Thursday, June 4th. This represents a $0.56 annualized dividend and a yield of 1.3%. PayPal’s dividend payout ratio is 10.51%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PYPL. Weiss Ratings restated a “hold (c-)” rating on shares of PayPal in a research note on Friday, May 8th. Wolfe Research restated a “sell” rating on shares of PayPal in a research note on Monday, February 23rd. Canaccord Genuity Group restated a “hold” rating and issued a $42.00 target price on shares of PayPal in a research note on Wednesday, May 20th. Loop Capital began coverage on shares of PayPal in a research note on Tuesday, March 31st. They issued a “hold” rating and a $46.00 target price on the stock. Finally, BNP Paribas Exane upped their target price on shares of PayPal from $41.00 to $43.50 and gave the company a “neutral” rating in a research note on Friday, April 10th. Eight investment analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, PayPal has a consensus rating of “Hold” and a consensus price target of $55.85.

Get Our Latest Report on PayPal

Insiders Place Their Bets

In other news, insider Suzan Kereere sold 3,379 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were 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 in the company, valued at $1,325,762.57. This trade represents a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 10,732 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $49.96, for a total transaction of $536,170.72. Following the completion of the transaction, the insider owned 41,567 shares of the company’s stock, valued at $2,076,687.32. This trade represents a 20.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 20,612 shares of company stock worth $966,623. Insiders own 0.63% of the company’s stock.

About PayPal

(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

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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