Arrowpoint Investment Partners Singapore Pte. Ltd. Makes New $18.92 Million Investment in PayPal Holdings, Inc. $PYPL

Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 324,000 shares of the credit services provider’s stock, valued at approximately $18,915,000. PayPal comprises approximately 2.8% of Arrowpoint Investment Partners Singapore Pte. Ltd.’s investment portfolio, making the stock its 13th largest holding.

Other hedge funds also recently modified their holdings of the company. Kelleher Financial Advisors purchased a new position in shares of PayPal during the 3rd quarter worth about $30,000. Torren Management LLC purchased a new position in shares of PayPal during the 4th quarter worth about $31,000. Private Wealth Asset Management LLC lifted its holdings in shares of PayPal by 8,700.0% during the 4th quarter. Private Wealth Asset Management LLC now owns 528 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 522 shares during the period. Strategic Advocates LLC acquired a new stake in PayPal during the 3rd quarter worth approximately $38,000. Finally, Steph & Co. increased its position in PayPal by 103.1% during the 4th quarter. Steph & Co. now owns 656 shares of the credit services provider’s stock worth $38,000 after purchasing an additional 333 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Frank Keller sold 4,612 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $42.54, for a total value of $196,194.48. Following the completion of the sale, the insider directly owned 41,567 shares in the company, valued at approximately $1,768,260.18. The trade was a 9.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 3,379 shares of the business’s 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 sale, the insider owned 30,983 shares of the company’s stock, valued at $1,325,762.57. This trade represents a 9.83% 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. In the last ninety days, insiders sold 20,612 shares of company stock worth $966,623. 0.63% of the stock is currently owned by insiders.

PayPal Stock Performance

Shares of PYPL opened at $42.75 on Friday. The business’s 50 day moving average is $46.27 and its two-hundred day moving average is $50.66. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.50. The firm has a market cap of $37.71 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 1.07 and a beta of 1.34. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPLGet Free Report) last announced its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) 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 company had revenue of $8.35 billion for the quarter, compared to analyst estimates of $8.05 billion. During the same period in the prior year, the company posted $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 fiscal year.

PayPal Dividend Announcement

The firm 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. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 4th. PayPal’s dividend payout ratio is presently 10.51%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Citigroup increased their target price on shares of PayPal from $42.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 8th. UBS Group increased their target price on shares of PayPal from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada reissued an “outperform” rating and set a $59.00 target price on shares of PayPal in a research report on Wednesday, May 6th. BMO Capital Markets assumed coverage on shares of PayPal in a research report on Tuesday, April 21st. They set a “market perform” rating and a $52.00 target price for the company. Finally, Cantor Fitzgerald increased their target price on shares of PayPal from $42.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Eight research analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $55.85.

Check Out Our Latest Stock Report on PYPL

Key Stories Impacting PayPal

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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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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