Arrowstreet Capital Limited Partnership Grows Position in PayPal Holdings, Inc. $PYPL

Arrowstreet Capital Limited Partnership lifted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 79.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,062,579 shares of the credit services provider’s stock after buying an additional 1,360,501 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in PayPal were worth $178,793,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of PayPal by 6.5% during the fourth quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock valued at $5,276,205,000 after buying an additional 5,534,462 shares during the last quarter. Rule One Partners LLC purchased a new stake in shares of PayPal during the fourth quarter valued at $2,043,000. NEOS Investment Management LLC boosted its position in shares of PayPal by 47.8% during the third quarter. NEOS Investment Management LLC now owns 411,262 shares of the credit services provider’s stock valued at $27,579,000 after buying an additional 132,942 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its position in shares of PayPal by 21.1% during the third quarter. Kovitz Investment Group Partners LLC now owns 463,701 shares of the credit services provider’s stock valued at $31,096,000 after buying an additional 80,744 shares during the last quarter. Finally, Capital Research Global Investors boosted its position in PayPal by 2.3% in the third quarter. Capital Research Global Investors now owns 27,953,803 shares of the credit services provider’s stock worth $1,874,637,000 after purchasing an additional 636,441 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Price Performance

NASDAQ PYPL opened at $41.53 on Monday. The stock’s 50-day moving average price is $45.85 and its 200-day moving average price is $49.85. 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 Holdings, Inc. has a 52 week low of $38.46 and a 52 week high of $79.50. The company has a market capitalization of $36.63 billion, a P/E ratio of 7.79, a price-to-earnings-growth ratio of 1.04 and a beta of 1.34.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data 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 return on equity of 25.02% and a net margin of 15.00%.The firm had revenue of $8.35 billion for the quarter, compared to the consensus estimate of $8.05 billion. During the same quarter last year, the company earned $1.33 earnings per share. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities research analysts predict that PayPal Holdings, Inc. will post 5.3 earnings per share for the current year.

PayPal Dividend Announcement

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

Insider Transactions at PayPal

In other news, CAO Chris Natali sold 1,337 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $49.46, for a total value of $66,128.02. Following the transaction, the chief accounting officer owned 1,586 shares of the company’s stock, valued at $78,443.56. This trade represents a 45.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 firm’s stock in a transaction dated Wednesday, June 3rd. The stock was 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 position. 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. Insiders have sold 20,612 shares of company stock valued at $966,623 over the last quarter. 0.63% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on PYPL shares. Mizuho reissued a “neutral” rating and issued a $50.00 target price (down from $60.00) on shares of PayPal in a research report on Thursday, April 16th. Truist Financial dropped their target price on PayPal from $45.00 to $44.00 and set a “sell” rating on the stock in a research report on Tuesday, May 12th. Wolfe Research reissued a “sell” rating on shares of PayPal in a research report on Monday, February 23rd. Citigroup raised their target price on PayPal from $42.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research report on Tuesday, May 5th. Eight equities research analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, PayPal presently has a consensus rating of “Hold” and a consensus target price of $55.85.

PayPal Profile

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.