Harvest Fund Management Co. Ltd Acquires 15,724 Shares of PayPal Holdings, Inc. $PYPL

Harvest Fund Management Co. Ltd increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 26.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 76,159 shares of the credit services provider’s stock after purchasing an additional 15,724 shares during the period. Harvest Fund Management Co. Ltd’s holdings in PayPal were worth $4,445,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in 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 during the period. NEOS Investment Management LLC boosted its holdings in PayPal by 47.8% in the 3rd quarter. NEOS Investment Management LLC now owns 411,262 shares of the credit services provider’s stock worth $27,579,000 after buying an additional 132,942 shares during the period. Kovitz Investment Group Partners LLC boosted its holdings in PayPal by 21.1% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 463,701 shares of the credit services provider’s stock worth $31,096,000 after buying an additional 80,744 shares during the period. Capital Research Global Investors lifted its stake in PayPal by 2.3% in the 3rd 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 in the last quarter. Finally, Candriam S.C.A. lifted its stake in PayPal by 619.4% in the 3rd quarter. Candriam S.C.A. now owns 623,059 shares of the credit services provider’s stock worth $41,782,000 after purchasing an additional 536,452 shares in the last quarter. 68.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on PYPL. BMO Capital Markets began coverage on shares of PayPal in a research note on Tuesday, April 21st. They issued a “market perform” rating and a $52.00 target price on the stock. 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. 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 note on Wednesday, April 8th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Tuesday, May 5th. Finally, Wolfe Research reiterated a “sell” rating on shares of PayPal in a research note on Monday, February 23rd. Eight equities research 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 company’s stock. According to data from MarketBeat, PayPal currently has an average rating of “Hold” and an average price target of $55.85.

Read Our Latest Report on PYPL

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Insider Activity

In other news, CAO Chris Natali sold 1,337 shares of the firm’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $49.46, for a total transaction of $66,128.02. Following the sale, the chief accounting officer owned 1,586 shares in the company, valued at approximately $78,443.56. This trade represents a 45.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 on Wednesday, June 3rd. The shares were sold at an average price of $42.79, for a total transaction of $144,587.41. Following the sale, the insider owned 30,983 shares in the company, valued at approximately $1,325,762.57. This trade represents a 9.83% decrease in their position. 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 quarter, insiders have sold 20,612 shares of company stock worth $966,623. 0.63% of the stock is currently owned by corporate insiders.

PayPal Stock Performance

PayPal stock opened at $42.75 on Friday. The firm’s fifty day moving average price is $46.27 and its 200-day moving average price is $50.66. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $37.71 billion, a P/E ratio of 8.02, a price-to-earnings-growth ratio of 1.07 and a beta of 1.34. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $79.50.

PayPal (NASDAQ:PYPLGet Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.07. The firm had revenue of $8.35 billion for the quarter, compared to analysts’ expectations of $8.05 billion. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company posted $1.33 EPS. On average, equities research analysts expect that PayPal Holdings, Inc. will post 5.3 earnings per share for the current fiscal 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 given a dividend of $0.14 per share. The ex-dividend date 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%.

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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